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Petroleum Industry Governance Bill
Presidential aide, Sen. Ita Enang, has said that rather than expressing displeasure, Nigerians should be glad that President Muhammadu Buhari withheld assent to the Petroleum Industry Governance Bill (PIGB).
A coalition of Niger Delta militants on Wednesday said they were returning to the creeks to disrupt oil production in the Niger Delta.
The Nigerian Content Development and Monitoring Board (NCDMB) has debunked the sensational headlines reported in some newspapers last week to the effect that the Board has queried the infrastructural development in the rail sector and delayed passage of the Petroleum Industry Governance Bill (PIGB).
The Presidency on Thursday said President Muhammadu Buhari declined assent to the Petroleum Industry Governance Bill for several reasons, including some provisions being in divergence with present administration’s policy.
Following the refusal of President Muhammadu Buhari to assent his signature to the Petroleum Industry Governance Bill (PIGB), a former Group Executive Director (GED) Engineering and Technology, Nigerian National Petroleum Corporation (NNPC), Dr Godswill Ihetu, has blamed the Senate for removing the powers of the Minister to allocate oil bloc on discretions.
Former Vice President Atiku Abubakar has urged President Muhammadu Buhari to have a rethink on his decision not to give his assent to the Petroleum Industry Governance Bill.
The Senior Special Assistant to the President on National Assembly Matters (Senate), Ita Enang, on Wednesday identified the provision of the Petroleum Industry Governance Bill permitting the Petroleum Regulatory Commission to retain as much as 10% of the revenue generated as one of the reasons President Muhammadu Buhari declined assent to the bill.
Group managing director of the Nigerian National Petroleum Corporation (NNPC) Maikanti Baru has sought for clarification on the funding structure for the proposed Nigerian Petroleum Asset Management Company (NPAMC) in the Petroleum Industry Governance Bill (PIGB).
The organised labour has called on the Federal Government to immediately review the privatisation of the power sector and revoke the licences of Electricity Generation Companies, GENCOs and Electricity Distribution Companies, DISCOs, to tackle the worsening power situation in the country.
Some cross section of environmental experts and professionals in the upstream and downstream sector, on Thursday, urged President Muhammadu Buhari to quickly assent to the Petroleum Industry and Governance Bill (PIGB).
A former Director of the Department of Petroleum Resources (DPR) and Lead Consultant to the National Assembly on the Petroleum Industry Bill (PIB), Mr. Osten Olorunsola, has disclosed that oil and gas companies operating in the country shut down producing fields for up to 180 days yearly as a result of the operational challenges in the Niger Delta.
The harmonised Bill which has been in the Assembly for over three years before it was passed in June after some sections were harmonised by the two Chambers of the Assembly was sent to the Executive by the National Assembly leadership on Tuesday, July 3.
The Senate on Tuesday said it would revisit calls for State Police and design framework for mopping up 350 million light weapons suspected to be in circulation within Nigeria.
The National Assembly on Friday said it had finally transmitted the final harmonised copy of the Petroleum Industry Governance Bill (PIGB) to President Muhammadu Buhari for assent, making it the second time it has claimed to do so in about one month even though the presidency denied receiving the bill at the first occasion.
Stakeholders in the oil and gas industry have asked President Muhammadu Buhari to sign into law the Petroleum Industry Governance Bill passed by the National Assembly.
Trading on the Nigerian Stock Exchange (NSE) closed on a positive note on Tuesday with Nestle leading the price gainers.
Adams Oshiomhole, national chairman of the All Progressives Congress (APC), says Osun state does not need a governor who would turn the government house to a disco place.
An accused, Joseph Iwejuo, on Tuesday, told a Federal High Court, Lagos, that he only acted as an account officer to some companies joined in a N1.6 billion fraud charge preferred by the Economic and Financial Crimes Commission (EFCC).
Britain has suspended aid payments to Zambia over concerns of alleged fraud and corruption by the government of President Edgar Lungu who has faced graft allegations from within his own party.
Burkina Faso authorities have jailed more than 30 adults after they carried out botched female genital mutilation on nearly 60 infants and girls who have been hospitalised.
Catholic Bishops have urged all registered voters to ensure that they are equipped with voter’s card and reject the illegal practices of selling and buying of votes.
The 4th GOtv Boxing NextGen Search ended in Abeokuta on Saturday on a good note as no fewer than 20 talented young boxers were discovered from the 150 participants.
Former governor of Benue state, Senator George Akume, has said that he made a grevious mistake by supporting Samuel Ortom in 2015 to emerge as governor of Benue state.
An Afghan military helicopter carrying weapons and ammunition burst into flames during an “emergency landing” in western Afghanistan, killing at least four people, including the pilot, officials said on Saturday.
President Muhammadu Buhari on Friday accepted the resignation of the Minister of Finance, Mrs Kemi Adeosun.