LAGOS APRIL 3RD (NEWSRANGERS)-Nigeria scored 42 out of 100 points and ranks 55 among 89 assessments in the 2017 Resource Governance Index (RGI), while Ghana’s oil and gas sector scored a satisfactory 67 of 100 points, making it the best performer in sub-Sahran Africa. Ghana has a favorable enabling environment and also performs well in…
LAGOS MARCH 29TH (NEWSRANGERS)-The Senate on Wednesday passed the much-awaited Petroleum Industry Governance Bill (PIGB), with approval of five per cent levy on fuel sold across the country. This was sequel to unanimous adoption of the report on the Bill presented by Chairman, Senate Committee on Petroleum (Upstream), Sen. Tayo Alasoadura, by the lawmakers at…
LAGOS MARCH 27TH (NEWSRANGERS)-There are indicators that the forthcoming Easter celebration by federal and state civil servants may be bleak following a fresh scam uncovered in the Nigerian National Petroleum Corporation (NNPC) subsidy payment. A civil rights organisation, Coalition for Probity and Integrity in Civil Service (CPICS), revealed that the Federation Accounts Allocation Committee (FAAC),…
LAGOS MARCH 12TH (NESRANGERS)-An agency tasked with cleaning up Nigeria’s murky oil industry says even though financial accountability has improved the state oil company still hasn’t explained billions of dollars of missing revenue. While energy producers have cooperated and complied with requirements to publish payments, the Nigeria Extractive Industries Transparency Initiative has struggled with the…