VANGUARD Following alleged mismanagement of the 13 per cent derivation, the Federal Government might consider the establishment of National Derivation Commission, NDC, to handle the responsibility of monitoring and disbursement of developmental funds accruing to the Niger Delta region. The…
VANGUARD The Federal Government has been cautioned against placing too much emphasis on its immediate need to grow its revenue in the planned review of the fiscal regime in the proposed Petroleum Industry Bill (PIB). Speaking at a webinar, an…
THIS DAY The much-sought sanity in the petroleum industry may soon be found if the promise by the federal government to transmit a new Petroleum Industry Bill (PIB) to the National Assembly, for consideration and passage, is anything to go…
THIS DAY As the federal government opens the second bid round for marginal fields, Niger Delta stakeholders are raising concerns over what they called an imminent breach of former President Umaru Yar’Adua’s commitment to grant oil-bearing communities 10 per cent…
LEADERSHIP The minister of State for Petroleum, Timpre Sylva yesterday decried the non-passage of the Petroleum Industry Bill (PIB) since 2007, a development he said has caused a humongous set back in the required regulation of the oil industry. According…