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GOVERNORS PICK 6 HOLES IN PETROLEUM INDUSTRY ACT

Governors have picked holes in the Petroleum Industry Act signed by President Muhammad Buhari on Monday. They described the law as a recipe for disaster. The governors identified six unfavourable areas in an August 10 letter to the President. They pleaded with him to withhold his assent to enable the National Assembly take another look… Continue reading GOVERNORS PICK 6 HOLES IN PETROLEUM INDUSTRY ACT

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FUEL SUBSIDY REMAINS FOR NOW, ACCORDING TO SYLVA

The signing of the Petroleum Industry Bill (PIB) into law by President Muhammadu Buhari does not translate into automatic removal of the Premium Motor Spirit (PMS) subsidy, Minister of State for Petroleum Resources Timipre Sylva has assured. Sylva, through his Special Adviser on Media, Malam Garba Muhammad said: “We’ll engage you (reporters) on this at… Continue reading FUEL SUBSIDY REMAINS FOR NOW, ACCORDING TO SYLVA