Home Topics PIB
Sen. Bassey Akpan, Chairman, Senate Committee on Petroleum Upstream, says the published Audited Financial Statement of the Nigerian National Petroleum Corporation (NNPC) is an indication of its readiness to ensure transparency in its operations.
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.
This was contained in a statement signed by the Executive Director, CISLAC, Auwal Ibrahim Musa, where the CSOs expressed concern over hemorrhage on revenue flows and oil production that has earned Nigeria’s oil sector a not-too-favorable reputation both locally and internationally.
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.
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 Federal Government has slashed the price of crude oil export for the month of March as no Nigerian cargo is sailing to China in February.
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, 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.
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 Minister of State for Petroleum, Timpre Sylva, Monday blamed the dwindling oil reserves on none passage of Petroleum Industry Bill (PIB).
The Corps Marshal, Federal Road Safety Commission (FRSC), Dr Boboye Oyeyemi, says diversion and safety precaution are imminent, owing to the emergency rehabilitation on the third mainland bridge in Lagos.
Former Ekiti State Governor, Ayodele Fayose, has asked security agencies in the country to place suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, on watch list.
The Nigerian Defence Academy (NDA), Comandant Maj.-Gen. Jamil Sarham, reaffirmed the academy’s commitment to turn out the best officers for the Nigerian Armed Forces.
President Muhammadu Buhari is currently presiding over the seventh virtual meeting of the Federal Executive Council (FEC) at the Council Chamber of the Presidential Villa, Abuja.
The chairperson of the Plateau Chapter of the Nigerian Association of Women Journalist (NAWOJ), Jennifer Yarima, has observed that women and girls living in houses without toilet facilities are more at risk of being raped.
The new guidelines are issued against the backdrop of the approval that flight operations recommence gradually at the nation’s airports effective July 8.
The Federal Government, on Tuesday, said it has released a total of 7, 813 inmates from various Correctional Centers since the outbreak of Coronavirus in the country.
President Muhammadu Buhari has joined the ruling All Progressives Congress (APC), government and people of Kwara State in mourning the passing of Alhaji Aminu Adisa Logun, Chief of Staff, Kwara State Government House, describing him as a dedicated public officer.
Mattéo Guendouzi has run out of chances at Arsenal and the Gunners will look to sell or swap the player in this summer’s transfer window.
The Delta Chief Judge (CJ), Justice Marshal Umukoro, has directived judiciary staff in the state to work for three days a week, due to the ravaging coronavirus (COVID-19) pandemic.