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Nigerian National Petroleum Corporation (NNPC)

NNPC to establish two condensate refineries

Nigerian National Petroleum Corporation says it will establish two condensate refineries with a total refining capacity of 200,000 barrels per day.
3 President Muhammadu Buhari presides over Federal Executive Council Meeting held at the Council Chambers in State House. PHOTO; SUNDAY AGHAEZE. AUGUST 1ST 2018

President Buhari withholds assent to PIGB

President Muhammadu Buhari has withheld assent to the Petroleum Industrial Governance Bill (PIGB). The decision is coming after 17 years of rigorous consultations and legislative hassles on the document.
Nigerian National Petroleum Corporation (NNPC)

NNPC chief seeks more clarification on funding of NPAMC in PIGB

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).

NNPC seeks action on economic diversification

Dr Maikanti Baru, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), on Monday called for proactive actions to reduce the country’s dependence on oil and gas.

Labour: Revoke licences of DISCOs, GENCOs to arrest worsening power supply

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.
President Buhari presides over Federal Executive Council (FEC) Meeting in State House on 4th July 2018

Experts urge President Buhari to fast track PIGB signing

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).

Expert: Oil companies shut down fields for 180 days annually

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.

Senator Saraki: Senate to revisit calls for state police

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.

National Assembly: PIGB transmitted to President Buhari

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.

President Buhari urged to sign Petroleum Industry Governance Bill

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.

National Assembly passes 2018 Budget with N508bn increment

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.

Presidency: Petroleum Industry Bill yet to reach President Buhari

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.

President Buhari urged to sign PIGB Bill

Prof. Wumi Iledare of the University of Port Harcourt, has urged President Muhammadu Buhari to assent to the Petroleum Industry Governance Bill (PIGB) passed by the National Assembly.

National Assembly sends harmonised PIGB to President Buhari

The National Assembly has sent a copy of the harmonised Petroleum Industry Governance Bill to President Muhammadu Buhari for assent.

PIGB: Pump price remains N145 per litre – NNPC

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.

National Assembly passes PIGB, imposes 5 percent fuel levy

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.

PIGB: Oil marketers advocate two oil industry regulators

Oil marketers and the Organised Private Sector (OPS) on Sunday, canvassed for two regulatory bodies to regulate the oil industry under the Petroleum Industry Governance Bill [PIGB] currently before the National Assembly.

Experts: What Nigerians expect from proposed petroleum industry law

With the June 2018 deadline fast approaching for submission of the amended draft Petroleum Industry Governance Bill by the National Assembly to the president for assent, oil and gas industry experts on Tuesday expressed their views on expectations about the new law.

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