POLITICS

Seplat Energy is aware of certain media publications that the Federal High Court, per Hon. Justice I. E. Ekwo, sitting in Abuja in suit number FHC/ABJ/CS/626/2023 – Juliet Gbaka & 2 others v. Seplat Energy Plc & 13 others granted ex parte Interim Orders against Seplat Energy and some of its Officers. The Interim Orders, which are yet to be ...

ExpcertsAsiwaju Bola Tinubu was in London recently to deepen his campaign for presidential bid.Could you share with us the issues he discussed with your group and other like minds at the meeting? Asiwaju’s visit to London, contrary to the insinuations in the media – both conventional and social that he was flown out urgently to receive medical attention, was to ...

The use of Nigerian firms in the ongoing Train 7 of the Nigeria liquefied Natural Gas project saved the country $2bn, Executive Secretary, Nigerian Content Development and Monitoring Board, Mr Simbi Wabote, has said. Wabote stated this at the award of African Local Content Icon, from the African Leadership magazine, in Yenagoa. Wabote dismissed the assertion that the Nigerian content ...

The National Executive Council (NEC), the Central Working Committee (CWC), Members and Staff of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have written to President Mohammadu Buhari on issues bordering the current state of the nation’s security. In the letter they express displeasure over the detoriarating state of security in Nigeria particularly the recent security breach ...

President, Nigerian Association of Energy Economics (NAEE), Prof. Yinka Omorogbe, has called for clarity on the 30 per cent NNPC Limited transfer of oil and gas profit to frontier exploration fund as recommended in the recently passed Petroleum Industry Bill (PIB). Omorogbe made the call at the 14th Annual conference of the Nigerian Association of Energy Economics in Abuja. The ...

The assent of the Petroleum Industry Bill by the President, Muhammadu Buhari (retd.), will put an end to petrol subsidy in Nigeria, the Minister of State for Petroleum Resources, Chief Timipre Sylva, announced on Monday. Sylva announced this while speaking at the Nigeria/Organisation of Petroleum Exporting Countries: 50 Years of Partnership press conference in Abuja. He insisted that it was ...

The Nigeria Extractive Industries Transparency Initiative (NEITI) has commended the National Assembly for the passage of the Petroleum Industry Bill (PIB). Adding that it is a bold step by both chambers of the National Assembly to pass the bill.. In a statement in Abuja today, shortly after the NASS decision, the Executive Secretary of NEITI Dr, Orji Ogbonnaya Orji described ...

The Senate on Thursday approved a three percent host community trust fund as it passes the Petroleum Industry Bill (PIB). This is against the five percent recommended by the Joint Committee of the National Assembly on Petroleum (Upstream and Downstream) and Gas in a report presented last week. The percentage for the host community became contentious at plenary as the ...

The Bayelsa State Government on Wednesday, June 16, 2021 indicated willingness to withdraw pending litigation against the Shell Petroleum Development Company of Nigeria (SPDC) over unpaid revenue running into billions of naira. Bayelsa government had dragged SPDC to court over failure of the oil firm to pay “development levies”. The development levies were for land acquired for the construction of ...

The Senate President, Ahmad Lawan has said that the Petroleum Industry Bill (PIB), will be passed this month of June. Speaking at the fourth edition of the Nigeria International Petroleum Summit (NIPS) the Senate President said that the National Assembly was cautious to accommodate imputs from a wide range of the Petroleum industry stakeholders. According to Lawan, the national assembly ...