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Petroleum Industry Governance Bill
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.
The Budget was increased by the legislature by N508 billion, from N8.61 trillion proposed by President Muhammadu Buhari in Appropriation Bill presented to the assembly in November, 2017.
The Presidency has said the Petroleum Industry Governance Bill (PIGB) which was harmonised on March 28, is yet to get to the desk of President Muhammadu Buhari.
The National Assembly has sent a copy of the harmonised Petroleum Industry Governance Bill to President Muhammadu Buhari for assent.
The Nigerian National Petroleum Corporation (NNPC) on Saturday allayed fears that pump price of petrol might move up following National Assembly’s recent passage of the Petroleum Industry Governance Bill (PIGB), which levied a five per cent petrol tax.
Nigerians will have to pay more for fuel as the National Assembly on Wednesday passed the much touted Petroleum Industry Governance Bill (PIGB) with 5 percent levy on fuel sold across the country.
CFG, which owns Manchester City, has bought the Chengdu-based side as part of a joint-purchase deal involving China Sports Capital and robotics firm UBTECH.
Principal players in the nation’s entertainment space, Nollywood, have intensified calls for government to make bundled broadband internet service widely available in its quest to diversify the economy and boost the emergence of local digital content.
The Economic and Financial Crime Commission (EFCC) is reported to have arrested an associate of the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, over alleged laundering of $4 million.
The Anti-Crime Patrol Team at the Agbor Police Division in Delta State on Tuesday, arrested two suspected vandals identified as Joseph Augustine and Emeka Chukwudi, after they had allegedly vandalized BEDC equipment in the area, among other things.
Mr Chris Finebone, Publicity Secretary, the All Progressives Congress (APC), in Rivers has denied allegation making round that the party plots to scuttle elections in Rivers.
The National Chairman of the All Progressives Congress (APC) Adams Oshiomhole has requested that the Independent National Electoral Commission (INEC) reshuffle some of its senior officials.
Lionel Messi scored his 30th goal of the season against Real Valladolid on Saturday to ensure he’s now hit the landmark in each of the last 11 seasons.
India’s first semi-high speed train, the Vande Bharat Express, broke down on Saturday, one day after Indian Prime Minister Narendra Modi flagged it off.
Benue State governor, Samuel Ortom, has expressed disappointment over the sudden postponement of the general elections by the Independent National Electoral Commission (INEC).
As Nigerians prepare to vote in the general elections tomorrow and on March 2, an Islamic human rights organisation, the Muslim Rights Concern (MURIC), has appealed to Nigerians to go out and vote massively on the election days.