Petroleum Industry Governance Bill
On the Petroleum Industry Governance Bill
The passage the other day of the long awaited Petroleum Industry Governance Bill (PIGB) by the House of Representatives brings to an end years of delays and needless horse-trading...
Legal experts brainstorm on PIGB implementation
Legal experts in the oil and gas industry are set to gather in Lagos to fashion a roadmap for effective implementation of the Petroleum Industry Governance Bill (PIGB). The Senate had passed the bill earlier this year.
Nigeria earns N362.43bn from crude oil export in July
The fiscal statistics on government revenue and expenditure for July 2017, released on Wednesday, reflected that crude oil sales accounted for the larger chunk of the oil revenue, as N188.15billion was generated from crude oil sales, while gas sales generated N29.69billion.
‘PIGB will lead to transparency, accountability in oil sector’
The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has said the Petroleum Industry Governance Bill (PIGB), would ensure accountability and transparency in the oil and gas sector.
Passage of the Petroleum Industry Governance Bill
The passage of the Petroleum Industry Governance Bill (PIGB) by the Senate, the other day, represents a good starting point in the effort to re-position Nigeria’s oil and gas industry.
Stakeholders reject PIGB over unclear approach to halting gas flaring
The organizations, according to their representative and Director, Social Action, Dr. Isaac Osuoka, are civil Society Legislative Advocacy Center (CISLAC), Zero Corruption Coalition (ZCC), Socialist Workers League, Global Rescue Mission and Keen and Care Initiative.
Beyond the Petroleum Industry Governance Bill: Getting it right
In the first part of this article, we analysed the version of the Petroleum Industry Governance Bill (PIGB) passed by the Senate. The write up pointed out some areas of the Bill, which required further review from our perspective.
A critical review of the Petroleum Industry Governance Bill
The Petroleum Equalization Fund (PEF) will continue to exist. However, the PEF Act will be repealed, and the PIGB will serve as the relevant legislation for the existence of the PEF.
Senate to pass PIB next month with eye on boosting economy
The Senate yesterday said barring all unforeseen circumstances, it would pass the Petroleum Industry Governance Bill (PIGB) on May 16 and 17, 2017.Chairman, Senate committee on Petroleum Resources (Upstream), Tayo Alaosoadura made the disclosure when the United States Ambassador.....
PIB: Stakeholders frown at passage of bill in tranches
As the Petroleum Industry Governance Bill (PIGB) was laid on the floor of the Senate by the joint committees on petroleum (downstream and upstream) and gas, stakeholders and experts have warned on the dangers of passing the bill in tranches and non-incorporation of the demands of host communities.