Business articles

PIGB: Fresh concerns over job security, overbearing uncontrollable commission

PIGB: Fresh concerns over job security, overbearing uncontrollable commission

As stakeholders await President Muhammadu Buhari’s assent to the harmonised Petroleum Industry Bill Governance Bill (PIGB) with sublime hope, not a few workers are worried over job security. Some interest groups also see the bill as an old wine in a new wine skin. It will only create an uncontrollable commission, they say, JOHN OFIKHENUA

PDP tackles Buhari, APC on fuel subsidy controversy

The Peoples Democratic Party (PDP) has accused President Muhammadu Buhari of corruption in the handing of the fuel subsidy regime under the All Progressive Congress (APC) government. The Minister of State for Petroleum Resources, Ibe Kachikwu, recently announced its annual expenditure on fuel subsidy saying it had risen to over N1.4 trillion. Mr Kachikwu described

SHOCKING: Instagram is down across the world

Instagram is down for users across the globe.   Users are reporting that the social media service’s app and website are not loading pictures or the news feed.   More than 1,200 disgruntled users have logged issues with the website Downdetector, which tracks website and app outages.   Areas hit hardest include eastern parts of

National Assembly Passes 2018 Budget

The Senate and the House of Representatives have passed the 2018 budget, raising it by N500 billion. Both Houses on Wednesday approved a budget that rose from N8.6 trillion to N9.1 trillion, six months after it was presented by the executive. President Muhammadu Buhari presented the budget to a joint session of the National Assembly

Buhari yet to get petroleum bill – Presidency

The Presidency said on Wednesday the harmonised Petroleum Industry Governance Bill (PIGB) passed by the National Assembly on March 28, is yet to get to the desk of President Muhammadu Buhari for assent. The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Ita Enang, stated this in a two- paragraph statement

Fake, substandard products spreading across Nigeria, LCCI warns

The Lagos Chamber of Commerce and Industry (LCCI) has raised concern over the growing number of fake and substandard products in the country. The President of LCCI, Babatunde Ruwase, made the observation at a press briefing on the state of the economy, on Wednesday in Lagos. Mr Ruwase said that the counterfeiting of products posed

PENGASSAN and NUPENG Joint Petroleum Industry Bill Committee Meet Other Stakeholders To Discuss At NASS Public Hearing

By Emmanuel Ajibulu The determined attempt to enrich the Petroleum Industry Bill (PIB) with the inputs of critical stakeholders received major boost on Tuesday, May 15, 2018 as Nigeria’s oil unions, the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Department of Petroleum Resources