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Petroleum Industry Governance Bill
The President of the Senate, Dr Abubakar Bukola Saraki, has declared that the legislature plays a critical role in democratic systems and remains the nucleus of democratic systems across the world.
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.
Confederation of African Football (CAF) is set to hold the draw for the 2022 FIFA World Cup qualifiers at its headquarters in Cairo on Monday.
The number of pilgrims from Nigeria to Madinah, for the 2019 Hajj, has reached 19,081 in 39 flights, according to the National Hajj Commission of Nigeria (NAHCON) in Madinah on Wednesday.
NBA number one draft pick Zion Williamson has inked a multiyear shoe deal with Nike affiliated Jordan Brand, the emerging star and the company said Tuesday.
Fadilat Tijani upset favourite, Commonwealth Games bronze medalist Yetunde Odunuga, to win the women’s 60kg fight at the national trials at the Brai Ayonote Boxing Complex, National Stadium, Lagos, to automatically book a slot in Nigeria’s boxing team for the Africa Games.
The Peoples Democratic Movement (PDM) has applied to withdraw its petition challenging the outcome of the last presidential election won by President Muhammadu Buhari of the All Progressives Congress (APC).
The health minister of the Democratic Republic of Congo (DRC), Oly Ilunga, has resigned in protest over the handling of the Ebola outbreak in the east of the country.
Ahead of the meeting, German Interior Minister, Horst Seehofer said he would seek a “temporary arrangement” to distribute migrants rescued from the Mediterranean Sea.
The National Leader of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, has described late Mrs Olufunke Olakunrin, the daughter of Chairman of Pan Yoruba socio-political group, Afenifere, Pa Reuben Fasoranti, as someone who gave her best to the humanity and worthy of emulation.
Paris Saint Germain squad, along with unsettled Brazilian Neymar landed in Shenzhen, China on Wednesday and will play friendlies against Inter Milan in Macau on Saturday and Sydney FC in Suzhou on July 30.
Inter Milan have turned their attentions to Gareth Bale after failing to land Romelu Lukaku, reports in Italy have revealed.