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2020

  • AFRICAN INITIATIVE FOR TRANSPARENCY, ACCOUNTABILITY AND RESPONSIBLE LEADERSHIP

    • July 21, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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    PERSONALITY CLASH AMONG TOP GOVERNMENT OFFICIALS IN THE CURRENT ADMINISTRATION HAS BEEN IDENTIFIED AS PARTS OF THE FORCES HINDERING CORRUPTION FLIGHT IN NIGERIA. THIS REVELATION IS COMING FROM THE CHIEF EXECUTIVE DIRECTOR OF AFRICAN INITIATIVE FOR TRANSPARENCY, ACCOUNTABILITY AND RESPONSIBLE LEADERSHIP, LOUIS OGBEIFUN WHILE REACTING TO CURRENT ALLEGATIONS AND COUNTER ACCUSATIONS IN THE NDDC. THE

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  • PIB: Stakeholders Push for Speedy Passage of Bill into Law

    • July 21, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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    Stakeholders at the 4th Save Nigeria’s Oil And Gas Industry Engagement has asked Nigeria’s National Assembly to swiftly ensure the passage of the Petroleum Industry Government Bill (PIGB). They also urged the assembly to consult stakeholders before passing the Petroleum Industrial Bill into law. This was part of the resolutions made by the participants a

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  • Stakeholders Urges FG To Declare State of Emergency In Oil Sector

    • June 14, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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    Industry experts, organized labour and members of civil society organisations have called on the federal government to declare a state of emergency in the oil and gas sector and take urgent steps to pass the Petroleum Industry Bill (PIB). Rising from a webinar, with the theme; Petroleum Industry Bill: Myths and Realities, the participants called

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  • PIB: Stakeholders Push for Speedy Passage of Bill into Law

    • June 11, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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    Stakeholders at the 4th Save Nigeria’s Oil And Gas Industry Engagement has asked Nigeria’s National Assembly to swiftly ensure the passage of the Petroleum Industry Government Bill (PIGB). They also urged the assembly to consult stakeholders before passing the Petroleum Industrial Bill into law. This was part of the resolutions made by the participants a

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  • Subsidy Removal: Oil and Gas Webinar Advocates Rule-based System

    • June 11, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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    Subsidy Removal: Oil and Gas Webinar Advocates Rule-based System …opposes current discretionary approach An oil and gas webinar has advocated a rule-based system as opposed to the current discretionary approach by Nigerian authorities saying that the development would give investors certainty, apart from ensuring investor friendly regulations to boost the sector. The 4th in the

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  • Akwa Ibom elders ask National Assembly to call President Buhari to order

    • June 9, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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    Elders in Akwa Ibom state under the aegis of Akwa Ibom Leaders Vanguard, have asked the National Assembly to rise to its constitutional oversight and check excesses of the federal executive arm of government. In a statement sent to journalists on Friday, February 28, the elders expressed concern over the persistent depletion of Nigeria’s reserves.

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  • Ownership structure, best way to fix refineries, says PENGASSAN

    • June 9, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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    President, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Ndukaku Ohaeri, has advocated the need for the ownership structure of the refineries, saying the development is the best way to add value to the economy. Specifically, he advocated the need to align the ownership change of the assets as in the Nigeria Liqufied

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  • CRUDE OIL THEFT: Nigeria loses an estimated $20.4B annually, says Gbajabiamila

    • June 9, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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    Speaker of the House of Representatives, Femi Gbajabiamila, on Tuesday disclosed that crude oil theft in Nigeria is estimated at about four hundred thousand barrels per day, which is equal to an estimated revenue loss of about one billion, seven hundred million dollars a month and twenty billion, four hundred million dollars annually.Gbajabiamila made the

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  • How oil companies evade over N258b gas flare penalty yearly

    • June 9, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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    • FIRS Must Set Up An Oil And Gas Industry-specific Crack Team To Monitor Infractions – Ameh • JV Arrangements Fuelling Gas Flare Challenges – Bassey • Increase In Penalty Responsible For Discrepancies – Manufor • Inconsistent Gas Flare Figures Is Because Oil Companies Are Unwilling To Pay New Penalty Rate – Obi There are

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  • FG urged to establish independent protocols for auditing gas flares

    • June 7, 2020
    • Posted by: Precious David
    • Category: Uncategorized
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    The Federal Government has been urged to set up independent gas flares reporting and auditing protocols to determine the exact volume of gas flared by oil companies in the country. Besides, the National Assembly should ensure that the volume of gas flared, attract the appropriate penalties and payment made a accordingly. In a paper presented by Solomon Adeleye,

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