The House of Representatives adhoc committee probing $21 billion debts owed indigenous companies by International Oil Companies, IOCs, revenue leakage on Thursday invited Ibe Kachikwu, Minister of State for Petroleum Resources and Chief Executive Officers of all oil companies operating in Nigeria. Rep Daniel Reyenieju, PDP, Warri Federal Constituency in Delta State,chairman of the Ad-hoc […]
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The Senate, Thursday, broke the 17 years deadlock by passing into law the age long Petroleum Industry Governance Bill. Senate President, Bukola Saraki while commenting on the bill said “this is a Bill #PIGB that has been here for many years, we made a commitment and it’s being fulfilled.” Continuing, Saraki said, “this Bill is […]
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The Senate joint committee on Finance, Trade and Investment, Gas, Petroleum Upstream, Banking, insurance and other Financial Institutions, Judiciary, Human Rights and Legal Matters, and Customs and Excise have commenced investigation into alleged collusion by some Nigerian banks with International Oil Companies to defraud the country. According to a report in the Senate, the IOCs […]
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Oil workers have urged the Federal Government to resolve the lingering labour issues in the oil and gas industry to avoid an industrial unrest. The workers, acting under the aegis of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), warned that the issues it had with international oil companies (IOCs) could threaten the […]
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