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Petroleum Industry Bill
The federal government should provide a detailed framework for its decisions to end fuel subsidy in the country and the planned oil and gas licensing round, civil society groups advocating for the reform of the country’s oil and gas industry have demanded.
The Senator representing Ogun Central Senatorial District and Chairman of the Senate Committee on Capital Market, Ibikunle Amosun, has said the committee would revisit the Petroleum Industry Bill (PIB) and the Investment and Securities Act (ISA) Bill.
President of the Senate, Senator Ahmad Lawan, warned Tuesday that following the impact of the ravaging Coronavirus on the economy, Nigeria will be in deeper trouble if as a country, we are not ingenious enough.
The Senate, on Tuesday, said the review of the 2020 budget passed by the National Assembly has become inevitable as a result of tumbling oil prices amidst the coronavirus outbreak.
Rivers State has developed a strong security architecture that is attracting foreign and local investors, the state governor, Nywsom Wike, has said.
The Nigerian National Petroleum Corporation (NNPC) is to expand its domestic gas footprint with the delivery of the Escravos-Lagos Pipeline System (ELPS) II to double capacity from 1.1 billion standard cubic feet of gas to 2.2 BSCF.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said about one billion barrels of Crude oil have been discovered in the Northeastern part of Nigeria.
President of the Senate, Ahmad Lawan, said on Monday that issues of security in the country, Petroleum Industry Bill (PIB) and electoral reforms are topmost on the agenda of the Senate as the upper chamber reconvenes on Tuesday.
Chief Timipre Sylva, Minister of State for Petroleum Resources, says review of the Petroleum Industry Bill (PIB) is at an advanced stage and full passage of the bill is expected mid 2020.
President of the Senate, Ahmad Lawan, has said that the passage of the 2020 Budget by the National Assembly and its prompt assent by `will have significant impact on the country’s economy starting from January next year.
The Federal Government has achieved 50 percent budget performance in 2019 with the release of N1.2 trillion capital expenditure.
The Federal Government said on Wednesday that a total sum of N1. 2 trillion was released for capital projects in the 2019 budget.
President of the Senate, Ahmad Lawan, on Wednesday assured investors who are willing and ready to invest into the Nigerian economy of adequate protection and support.
President of the Senate, Ahmad Lawan, has said the Ninth National Assembly will do things differently to break the jinx with the passage of the Petroleum Industry Bill (PIB) next year.
Speaker of the House of Representatives, Rep. Femi Gbajabiamila has promised that the House of representatives will establish the first Library for the National Assembly, pass amendments to the Electoral Law and the Petroleum Industry Bill, (PIB) next year.
A world renowned oil engineer, Mr Barth Nwibe, has said that if nothing was done to harmonise the oil sector in Nigeria, the country will loss her rating in oil production in the next 30 Years.
Chairman, Senate Committee on Petroleum Resources, Upstream, Senator Bassey Albert Akpan, Peoples Democratic Party, PDP, Akwa Ibom North East, has hailed President Muhammadu Buhari for signing the Deep Offshore and Inland Basin Production Sharing Contract Amendment Act into law.
The Nigerian forward has been an instant success since his January move to Old Trafford but saw his future at the club in doubt with his original loan deal at the club expiring last Sunday.
Reddit and Twitter have filed supporting evidence in a lawsuit against the US government, which challenges the requirement that nearly all visa applicants submit their social media handles for scrutiny.
Sword-wielding militants killed an Indonesian policeman and critically injured another on Monday in what authorities described as a terror attack by suspected Islamic State-linked extremists.
Iran’s foreign ministry said Monday that Sirous Asgari, a scientist jailed in the United States, is set to return to the Islamic republic within days.
Barcelona will recommence their bid to defend the Spanish title on Saturday June 13 away to Real Mallorca after a three-month pause due to the COVID-19 pandemic, while Real Madrid will host Eibar on June 14, organisers La Liga announced on Sunday.
Saudi Arabia will end its nationwide coronavirus curfew from June 21, except in the holy city of Mecca, the interior ministry said Tuesday, after more than two months of stringent curbs.
The House of Representatives has condemned the flouting of the interstate lockdown order declared by the President Muhammadu Buhari over the coronavirus pandemic.
Repentant bandits in Zamfara State have rescued 12 kidnapped victims and handed them over to the police.
The intractable crisis rocking the Cross River All Progressives Congress (APC) appears to be gathering momentum as the two factions have issued conflicting statements on the pending May 30th local government election.
A raft of South African tobacco companies, activists and associations are seeking legal action over the ban on cigarette sales during the country’s coronavirus lockdown.