Vincent Toritseju 12 February 2019, Sweetcrude, Lagos — The Nigerian shipowners will need an additional N904 billion to the N36…
Browsing: Petroleum Industry Governance Bill
Mkpoikana Udoma 18 September 2018, Sweetcrude, Port Harcourt — A civil society group known as Social Action, has described the…
OpeOluwani Akintayo 18 August 2018, Sweetcrude, Lagos — Management of Total E&P Nigeria Ltd. has proposed the use of dialogue…
29 June 2018, Sweetcrude, Lagos — The Department of Petroleum Resources (DPR), yesterday, said the country has recorded a further…
“The deliberate silence of the bill on the outlawing of gas flaring with a definite date was not only ominous and a major setback for the environment, but also a big blow to the people of the Niger Delta, who had been subjected to gas intoxication through gas flaring for decades.”
Dr. Baru said the major complaint by operators in the industry was that of multiple taxation which include statutory contributions to the Niger Delta Development Commission (NDDC) and Nigerian Content Development and Monitoring Board (NCDMB) as well as sundry expenses on security.
According to the lawmakers, the levy will be used to fund the Petroleum Equalisation Fund (PEF) as reflected in the new bill.
“The chairmen of the harmonisation committee from both the House of Representatives and that of the Senate, and members of the committee have already been named. So, I do not think there would be any issue arising from the internal efforts of the National Assembly,” he stated.
“The promise we got last week from the National Assembly was that before the end of the second quarter of this year which we see as June 30, they promise the three other bills will also be concluded and passed.
Ike Amos 11 February 2018, Sweetcrude, Abuja — The Nigeria Extractive Industries Transparency Initiative, NEITI, has faulted certain provisions in…
