The petroleum industry in Nigeria is the largest industry and main generator of GDP in the West African sub-region. Nigerian oil reserve is estimated to last for the next 45 years. This is often welcomed with fear as Nigerians look forward to the 'doomsday'. But this is not as ...
The oil and gas industry in Nigeria is a multibillion-dollar industry. The annual income generated from that sector is so huge that it has attracted so many oil firms from the developed parts of the world. Some of these companies include Shell, Schlumberger, Agip, and Exxon Mobil. ...
Econometric Analysis of Domestic Transportation of Refined Petroleum Products in NigeriaPipeline, road, waterway and refined productsThe Nigerian petroleum industry was born in 1956 following the discovery of the first commercially viable oil well at Oloibiri, in today s Bayelsa State. The country s ...
Nigeria International Petroleum Summit aims to create a perfect platform for stakeholders in this industry to present new technologies and know-how in the petroleum sector. In the NIPS, Huawei will share you with the latest industry insights, launch our
As it has been for more than a decade, the Petroleum Industry Bill remains the biggest regulatory issue in Nigeria’s petroleum sector. SEATTLE (Oil Monster): In few days’ time, Nigerians will go to poll to elect the next president of the country. The main contenders remain the ...
Upon his re-election in 2019, President Buhari set out an ambitious plan to pass the Petroleum Industry Bill (PIB) by the end of 2020. He did not achieve that. However, progress was made: the PIB passed its second reading in both the Senate and the House of Representatives in Nigeria ...
exploration right introduced after Nigeria became an independent nation On October 1, 1960 (Bamberg, 2000).As a result of the increase dominance of the Nigerian economy by petroleum sector, there was a need to develop locally, technical qualified Nigerians to operate in the oil industry. This...
forthePetroleumIndustryinNigeria;PIB,PetroleumIndustryBill(Draft) n Correspondingauthor.Tel.:þ4401912084891. E-mailaddress:a.ambituuni@newcastle.ac.uk (A. Ambituuni). Environmental Development 9 (2014) 43–60 Oil Spill Detection and Response Agency (NOSDRA) Amendment Bill offers some prospects th...
Petroleum IndustryThe study seeks to explore the need for deregulation of the downstream sector of the Nigerian petroleum industry and to address the various inefficiencies in the sector to promote adequate supply of petroleum products in Nigeria. The aim is to enhance efficiency in the ...
This study focused on the effect of tax incentives on foreign direct investment in the petroleum industry in Nigeria. In the petroleum industry the issue of tax incentive has not really received a positive attention because the people think that the sector is rich enough to pay all taxes. Thoug...