New Nigerian Oil Law Set to Boost Revenue
The annual revenue from oil and gas operations is expected to shoot up to about U.S. $680 billion when the much-awaited Petroleum Industry Bill is passed into law.
Nigerian oil rig.
This Day, 2 March 2011
Nigeria's annual revenue from oil and gas operations in the country is expected to shoot up to about $680 billion when the much-awaited Petroleum Industry Bill (PIB) is passed into… Read more »
Independent (Lagos), 1 March 2011
The government on Tuesday declared that Nigeria now earns N42.3 billion ($282 million) daily from crude oil as the price on the international market continues to soar. Read more »
Vanguard, 1 March 2011
A transparency advocacy group, the Africa Network for Environment and Economic Justice, ANEEJ, yesterday, berated the Ministry of Petroleum Resources over an alleged spending of… Read more »
Daily Trust, 28 February 2011
There is a fresh move to water down the final version of the Petroleum Industry Bill (PIB) by some government officials and multinational oil companies led by the Shell Petroleum… Read more »