Tag archive of Essence of Oil

Corruption in the oil sector: The facts and fiction

If there is one thing that has defined the 7th National Assembly it is its penchant for probes. It must however be stated upfront that there is nothing wrong or illegal in the National Assembly carrying out probes as it deems fit. Apart from its primary role of making laws for the good governance of the nation, it is constitutionally empowered to carry out oversight functions to ensure that government ministries, department and agencies carry out

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E-Conference Report: THE PIB & YOU by Spaces for Change

The new version of the PIB seamlessly weaves some notably progressive provisions with a number of disturbing additions that require serious debate and reconsideration. In essence, the 223-page PIB includes plans to unbundle and list the state-owned Nigerian National Petroleum Corporation (NNPC) on the Nigerian Stock Exchange; increase taxation for deep offshore; and give the oil minister supervisory powers over all institutions in the industry.

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