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The Senate has taken a swipe at the Ministry of Petroleum Resources over the payment of N98.4 million for the printing of leaflets for the awareness campaign programme for the Petroleum Industrial Bill without due process.
Vice President Yemi Osinbajo has charged stakeholders in the oil industry to find a way of producing oil cheaper at the largest volume possible given the circumstances and future of oil itself and the country’s of requirements and needs.
Following fears that Nigeria may have returned to the era of petrol subsidy payment, the Federal Government has been accused of lacking policy clarity in the deregulation of the downstream sector of the petroleum industry.
The Lagos Chamber of Commerce and Industry (LCCI) has urged the National Assembly to ensure the passage of a competitive Petroleum Industry Bill (PIB) that would make Nigeria an investment destination of choice.
The Senate President, Ahmad Lawan, said the legislature would, in 2021, prioritize the passage of Petroleum Industry Bill (PIB), Electoral Reform Amendment Bill, constitutional amendment, security issue as well as give accelerated consideration to measures proposed towards the containment of COVID-19.
An expert in the oil and gas sector, Prof Wunmi Iledare, has advised Nigeria to transit from energy production to that of consumption so as to maximize the country’s hydrocarbon potentials to jumpstart massive development that will impact on the people.
The International Monetary Fund (IMF) says major policy adjustments embracing broad market and exchange rate reforms are needed to address Nigeria’s recurrent Balance of Payments (BOP) pressures and raise the medium-term growth path.
“Our discussion was fruitful and the Nigerian National Petroleum Corporation (NNPC) which is the major importer and marketers of petroleum product and customers have agreed that there will be a slide down of the pump price of PMS.
The Chairperson of the House Committee on Electoral Matters, Aishatu Dukku, said this at a Joint Public Hearing on “The Bill for an Act to repeal the Electoral Act 2010 (As Amended) and enact the Independent National Electoral Commission (INEC) Act, 2020″, on Wednesday in Abuja.
The Nigerian National Petroleum Corporation (NNPC) has, for the umpteenth time, pledged its commitment to bringing down the unit cost of oil production in the country to $10 per barrel, so as to remain competitive in the Industry and deliver value to all Nigerians.
The House of Representatives Joint Committees on Petroleum (Upstream, Downstream and Gas) have applauded the Nigerian National Petroleum Corporation (NNPC) for breaking new grounds in its commitment to transparency and accountability.
The House of Representatives’ Committees on Petroleum Upstream, Downstream and Gas Resources, yesterday asked the Nigerian National Petroleum Corporation (NNPC) to open up its books on various expenditures incurred on Joint Venture operation (JVC), pipeline maintenance, rehabilitation of refineries, among others.
The Group Managing Director, Nigeria National Petroleum Corporation, NNPC, Mr Mele Kyari, has warned that without the passage into law of the Petroleum Industry Bill, 2020, there would not be further foreign investments in the oil and gas industry.
The House of Representatives Adhoc Committee on Petroleum Industry Bill (PIB) has reiterated that, Nigeria should utilise the opportunities contained in the Bill before it is late.
Host communities of the Niger Delta have demanded ownership and control of the trust funds proposed in the Petroleum Industry Bill (PIB) for the development of oil-bearing areas.
Twelve health workers comprising of three doctors and nine nurses have tested positive for COVID-19 at the Federal Medical Centre, Jalingo, the Taraba state capital.
Director General of National Directorate of Employment, NDE, Mallam Abubakar Fikpo, has said the President Muhammadu Buhari’s led Federal Government was determined to eradicate poverty and unemployment in the country.
South African Minister in the Presidency, Jackson Mthembu, passed away on Thursday due to COVID-19 related complications, President Cyril Ramaphosa said.
The two had been convicted in August by a sharia court in Nigeria’s northern, mainly Muslim state of Kano. Teenager Omar Farouq was accused of making blasphemous comments during an argument, while Yahaya Aminu Sharif was accused of having shared a blasphemous message on WhatsApp.
The City of London on Thursday approved the removal from its ceremonial Guildhall home of statues of two figures that symbolise the financial sector’s historic role in slavery.
Samuel Aruwan, Commissioner, Ministry of Internal Security and Home Affairs, Kaduna State said on Sunday, that the armed bandits invaded the village and raided several homes.
Frank Lampard has told his Chelsea players to forget the Premier League title race and fight their way back into the top-four battle.
Pope Francis told U.S. President Joe Biden on Wednesday that he was praying that God would guide his efforts to bring reconciliation in the United States, while the nation’s bishops condemned Biden’s pro-choice stand on abortion.
The Nigeria Centre For Disease Control (NCDC) on Monday called on the private-owned laboratories in Nigeria to support the country’s testing capacity for the novel Coronavirus (COVID-19).
Six others were injured in the explosion just two days after the United States completed the withdrawal of 700 military personnel from Somalia who supported security forces with counter terrorism operations.