The Federal Government says the pump price of petrol will remain at one hundred and sixty-two naira. The revelation followed fears about possible increase in the price of petrol following the signing of the Petroleum Industry Act into law. The Minister of State for Petroleum Resources, Timipre Sylva, said a new pump price of petrol would be…
Rivers State Governor, Nyesom Wike has faulted the three percent allocation for oil-producing communities in the Petroleum Industry Act. Governor Wike said the National Assembly and President Muhammadu Buhari failed to consider the feelings of the people of oil producing regions. The Rivers State Governor shared his views during an interview of a television programme monitored in…
The Nigerian Senate has started another round of public hearing on the Petroleum Industry Bill at the National Assembly in Abuja. The Senate President, AHMAD LAWAN, said the current version of the PIB will ensure that Nigerians benefit complete benefits from crude oil production. Senator LAWAN said the delay in the passage of the PIB had been…