CHAPTER 2 of the 1999 Constitution captioned “Fundamental Objectives and Directive Principles of State Policy” puts in bold relief the arguments that are being made. Section 13 clearly states: “It shall be the duty and responsibility of all organs of government and of all authorities and persons, exercising legislative, executive, or judicial powers to conform […]

The Federal government and oil and gas producing firms are set for a major collision should the new fiscal provision in the Petroleum Industry Bill (PIB) scale through two chambers of the National Assembly of Nigeria into an Act.

Attempts made by some members of the Nigerian Oil and Energy Insurance Pool (NOEIP) to dissolve the pool nine years after nine years of its existence was bungled by some other members of the pool.

The current practice in local content energy business has been faulted on the grounds that it robs indigenous players of playing key role in the channeling of the placements. The proper routing of the businesses will empower insurers to play decisive role in the process.

LAGOS: WORKERS in the nation’s petroleum industry, have warned that the country is ready for full deregulation and called on government to ensure that all necessary pre-conditions are in placed before the policy is implemented.