A former Group Executive Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Godwin Ihetu has declared that the Governor of the Central Bank of Nigeria(CBN), Mallam Sanusi Lamido Sanusi made a mistake in writing the letter which indicated that a whopping $50bn was mission form the nation’s oil proceeds. Ihetu, who addressed newsmen in […]
Buoyed by the success of the recently concluded electric power generation and distribution companies, the Federal Government hopes to begin privatising its four oil refineries in Kaduna, Warri and Port Harcourt next year. The process is to begin before end of March, Bloomberg reported Petroleum Minister Diezani Alison-Madueke as saying on Monday. She told Bloomberg TV […]
ABUJA – Worried by the delay in the passage of the Petroleum Industry Bill, PIB, by the National Assembly, a Civil Society Organization, Publish What You Pay, PWYP, has appealed to the Extractive Industry Transparency International, EITI, to add its voice to ensure early passage of the bill into law. The Chair PWYP Nigeria Steering […]
ORGANISED Labour in the Nigeria’s Oil industry, has called on the National Assembly to arrange a meeting between the Government represented by the Nigeria National Petroleum Corporation, NNPC, and the Oil Producers Trade Section, OPTS, to reconcile the disagreements on the fiscal regimes in the protracted Petroleum Industry Bill, PIB. Under the umbrella of the […]