The pump price of petrol may be witnessing an increase as FG is set to add to it, strategic reserves’ financing cost.
The much-awaited PIB has passed the first reading in the Senate.
The Minister has clarified that the new PIB seeks to commercialize the NNPC rather than scrap it.
Sources in the Presidency have disclosed that the President may be presenting the bill to the National Assembly.
The bill would unlock potential investments into Nigeria’s rich resource base.
Ogbue said the bill will ensure a new future of legislation in the sector.
The Senate will revisit more investment laws to support the development and growth of the Nigerian capital market.
According to the Senate President, the ninth NASS will pass the long-awaited PIB which has not been assented to for more than a decade.
In response to criticism from experts in the oil and gas industry, the Presidency has denied reports President Muhammadu Buhari’s refusal to sign the Petroleum Industry...
Summary of the top business, economic and political news in Nigeria today. The Federal Government is hiring the United States technology giants such as Oracle...