$72bn investments lost as FG dithers on PIB

The non-passage of the Petroleum Industry Bill (PIB) has cost Nigeria a whopping $72 billion in terms of investment in the last seven years,...

Shell awards $2.4bn contracts to local companies

Shell Companies in Nigeria, SCiN has awarded contracts worth $2.4 billion to indigenous contractors in order to boost local content in the nation. The firm...

Power firms: NERC’ll prosecute fraudulent directors

All is set for enthronement of corporate governance as the Nigerian Electricity Regulatory Commission (NERC) has vowed to prosecute erring directors of the 14...

PIB passage tipped before 2015

Contrary to expectations, the passage of long-awaited Petroleum Industry Bill, PIB, may be stretched to before 2015. Ironically, earlier promises made by various arms...

2011 oil spill – Reps investigate Shell over host communities

The House of Representatives Committee on Environment has promised to investigate Shell Nigeria Exploration and Production Company (SNEPCO) for its failure to honour its...

PIB: Reps panel fails to produce report

The House of Representatives Ad-hoc Committee on the Petroleum Industry Bill has failed to produce a report on the controversial bill, one year after...

Niger Delta group accuses Agip of Violating expatriate quota

The Niger Delta Indigenous Movement for Radical Change (NDIMRC) has accused Nigerian Agip Oil Company (NAOC) of violating expatriate quota and threatened a total...

NERC, new Disco owners brainstorm on concerns over ATC&C loss figures

The Nigerian Electricity Regulatory Commission (NERC) and new core owners of privatised electricity distribution companies created from the unbundling of the Power Holding Company...

FG to sanction power investors over performance agreement

The Federal Government has said that it will not hesitate to sanction any core power investor that does not deliver on performance agreement that...

Group seeks law for extractive industries

A group, CSR-in-Action, has called on policy makers and stakeholders to ensure that the right legal frameworks are put in place in the extractive...

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