Legal & Regulatory

Uncertainty lingers for Nigeria’s Petroleum Bill

Jan 10, 2014

Despite assurances from top Nigerian officials and high-ranking legislators that the Petroleum Industry Bill (PIB) would be passed in 2013, the bill remains stuck in the National Assembly (parliament) and may not be passed before the 2015 national elections. Last year, Petroleum Resources Minister Diezani Alison-Madueke, other key officials of the state-run Nigerian National Petroleum…

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FG to review penalties for Environmental Act violation

Jan 10, 2014

Violators of the provisions of the Environmental Impact Assessment Act will have to pay penalties that are commensurate with their levels of default beginning from April this year, the Federal Government has said. It said the EIA Act No. 86 of 1992 was being reviewed so that its principles would deter defaulters of environmental laws…

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Expert urges govt to enact energy-saving law

Jan 8, 2014

Against the backdrop of Nigeria’s epileptic power supply, the Federal Government has been urged to enact a law to checkmate wastage of electricity resources through power saving technology. This suggestion was made by the Nigerian coordinator of the 20th World Hydrogen Energy conference (WHEC 2014) symposium, Prince Adekola Okedele, while briefing newsmen in Lagos. Okedele,…

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PIB: Legacy legislation begging for passage

Jan 8, 2014

Last year’s admission by Senator Magnus Abe that the continued delay in passing the Petroleum Industry Bill, PIB, is on account of extraneous factors beyond the control of Nigeria’s upper legislative chamber, gave many Nigerians quite a scare. Abe told journalists at a conference in Lagos that “the Senate experienced some delays in dealing with…

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NLC calls for urgent passage of PIB

Jan 6, 2014

The Nigeria Labour Congress (NLC) has called for the urgent passage of the Petroleum Industry Bill (PIB), stressing that it was unacceptable that the petroleum sector was still regulated by the old Petroleum Act of 1969. NLC while saluting Nigerian workers for their resilience, commitment and hard work in 2013, its president, Comrade Abdulwaheed Omar,…

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NOSDRA applauds bill on oil spill

Jan 3, 2014

A bill for a law to punish those responsible for oil spillage, which is before the National Assembly, is a welcome development and would serve as deterrent, Director-General of the National Oil Spill Detection and Response Agency, NOSDRA, Mr. Peter Idabor, has said. Speaking with reporters in Issele-Azagba, Delta State, Idabor said the law is…

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12 years after, PIB still awaiting passage

Jan 2, 2014

Despite promises by the National Assembly, the Petroleum Industry Bill was not passed into law in 2013, Dayo Oketola writes on the implications of the delay in its passage The Petroleum Industry Bill has yet to be passed into law 12 years after stakeholders’ arguments and counter-arguments over the all important bill commenced.  This is in…

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Sue new PHCN owners for poor quality service, FG tasks consumers

Dec 31, 2013

The Federal Government said at the weekend that electricity consumers now have the right to sue operators in the Nigerian Electricity Supply Industry (NESI) for breach of agreement, criminal activities and poor quality service delivery. The government stated this through the Nigeria Electricity Regulatory Commission (NERC), which also expressed readiness to convict erring power asset…

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We’ll pass PIB in 2014, says Rep

Dec 30, 2013

Chairman, House Committee on Petroleum Resources, downstream sector, Dakuku Peterside, has said the National Assembly would pass the Petroleum Industry Bill, PIB, next year. Peterside, who made this disclosure at the weekend said ”both legislative chambers are at the top of the PIB and I’m sure we will pass it in 2014. “ He explained…

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Two firms on collision course over Chevron’s oil blocks

Dec 30, 2013

Barely two weeks after Chevron Nigeria Limited’s attempt to divest of 40 per cent in Oil Mining Leases (OMLs) 52, 53 and 55 resulted in a court action by one of the bidders, two other indigenous companies are heading on a collision course over the US oil multinational’s recent sale of its stakes in OMLs…

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