PIB

NNPCL’s post-PIA consolidation deals, crude oil production benchmark, foreign investment, freeing the entity from govt. control: An assessment

Prior to the inauguration of the Petroleum Industry Bill (PIB) and its signing into law, the nation’s oil industry was a cesspool of...

Petroleum Industry Act: Pres. orders incorporation of Nigerian National Petroleum Company Ltd

  In furtherance to the implementation of the Petroleum Industry Act 2021, President Muhammadu Buhari, has directed the incorporation of the Nigerian National...

PIA: 3% allocation to host communities may be low in percentage but bigger in value — Kyari

    By Ajuma Edwina Ameh   Throwing a lifebelt into some issues in the Petroleum Industry Act (PIA), the Group Managing Director...

PIA: The next 25 years will be defining for Nigeria’s energy industry — Osinbajo

  The Vice-president, Prof. Yemi Osinbajo (SAN) has said that the Petroleum Industry Act (PIA) will define Nigeria’s energy industry in the next...

PIB: 17 Southern governors back Edwin Clark, reject 30 per cent allocated for oil exploration in the North

  “The forum rejects the ownership structure of the proposed Nigeria National Petroleum Company Limited” “The Forum disagrees that the company be vested...

Clark rubbishes PIB, calls it unjust, embarrassing

“The provision that allocated a huge 30% of profits for further frontier oil exploration in the North was a source of concern, especially...

Unstable fiscal regime stifling Nigerian petroleum industry – Kyari

  The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, says the absence of a stable fiscal regime...