Tag: Ahmed Lawan

Buhari Flags Off First Oil Mining Project In North

Abibat Babalola

President Muhammadu Buhari is currently performing the flag-off of the Kolmani Integrated Development Project (KIPRO) on the boundary of Bauchi and Gombe States. Gatekeepers News reports that this ground-breaking ceremony of the Kolmani Oil Prospecting Lease (OPL) 809 and 810 at the Kolmani field site is the first oil drilling in the Northern part of Nigeria. Oil was discovered in commercial volume in the region about two years ago. While Nigeria is already exploring crude oil in the southern Niger Delta, this exploration up north will be the first after…

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Hurdles as Nigeria NASS Passes 20-yr old Oil Bill +Effects on NNPC, N’Delta

Adeola Yusuf

    NNPC’s Equity Sale through IPO, N280 per litre petrol price through subsidy removal, award of 3% development fund and gas flaring fines to host communities and others are details of the bill provided in this report. Beyond these, Platforms Africa highlights reasons investors and Nigerians can not rejoice yet.   Nigeria’s legislators on Thursday ended a 20-year foot-dragging on Petroleum Industry Bill (PIB) at they approved the long-delayed oil and gas law that aims to, among other thngs, transform the Nigerian National Petroleum Corporation (NNPC) to a profit-driven…

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