• FG to scrap NNPC, DPR, PPPRA, others; to sell unprofitable refineries

    FG to scrap NNPC, DPR, PPPRA, others; to sell unprofitable refineries

    According to reports, the Federal Government’s draft National Oil Policy has proposed to consolidate Nigeria’s oil industry regulatory authorities into a single agency to be known as Petroleum Regulatory Commission, PRC.

    It will also scraps all other regulators, including the Nigerian National Petroleum Corporation, NNPC, Department of Petroleum Resources, DPR, and Petroleum Products Pricing Regulatory Agency, PPPRA, among others.

    According to the document released by the Ministry of Petroleum Resources, last weekend, the new regulator will incorporate the activities of the existing […]

  • JAMB to scrap uniform cut-off points for varsities, others

    JAMB to scrap uniform cut-off points for varsities, others

    It was gathered that the Joint Admissions and Matriculation Board has hinted that it may cancel the use of uniform cut-off points for admitting candidates that took the Universities Tertiary Matriculation Examination.

    The issue of cut-off marks as currently being used for admission, it said, should be subjected to national debate by stakeholders.

    The Spokesperson of JAMB, Dr. Fabian Benjamin, gave the indication in a statement he issued on behalf of its Registrar/Chief Executive, Prof Is-haq Oloyede, on Sunday evening in Abuja.

    He […]

  • Former President Babangida regrets inability to scrap National Assembly

    Former President Babangida regrets inability to scrap National Assembly

    Former Military President, Ibrahim Babangida, on Tuesday said he regretted his inability to scrap the National Assembly or make its membership optional.

     

    Babandida, who spoke to journalists at his Uphill residence in Minna, Niger State, as part of activities marking his 75th birthday, said he would make amends if given another chance to act on the matter.

    The ex- President said making the National Assembly membership optional would reduce the cost of governance.

    He said, “During my public life, there were several decisions […]

  • The moves by N’Assembly to scrap NNPC, DPR, PPPRA send shock waves across oil industry

    The moves by N’Assembly to scrap NNPC, DPR, PPPRA send shock waves across oil industry

    According to reports, the current move by the National Assembly to scrap the Department of Petroleum Resources (DPR), the Petroleum Products Pricing and Regulatory Agency (PPPRA) and the Nigeria National Petroleum Corporation (NNPC) through its new version of the Petroleum Industry Bill (PIB), Petroleum Industry Governance Bill (PIGB) has sent shock waves across the oil industry.

    National Assembly’s version of the controversial PIB clearly recommends the dissolution of the NNPC, DPR and PPPRA.

    Part three (3) of the Petroleum Industry Governance Bill, […]