Tag: PIB
Business Nigeria Oil & Gas Top Story

NNPC to be incorporated within six months, may go public

Going by the directive by President Muhammadu Buhari to incorporate a Nigerian National Petroleum Company Limited, the implementation of the Petroleum Industry Act 2021 has begun. A statement from Aso Rock signed by Special Adviser on Media and Publicity, Femi Adesina, said that this was in consonance with Section 53(1) of the Petroleum Industry Act Read More…

REUTERS
Business Oil & Gas Top Story

Osinbajo urges stakeholders to find cheaper means of oil production

Vice President Yemi Osinbajo has urged stakeholders in the oil industry to find and agree on cheaper means of producing oil in the country. Osinbajo’s spokesman, Laolu Akande, in a statement on Wednesday in Abuja, said that the vice president spoke at a virtual meeting on the Petroleum Industry Bill (PIB) with stakeholders in the Read More…