Petroleum Industry Bill
The Niger Delta Congress (NDC) has picked holes in the newly passed Petroleum Industry Bill (PIB), saying it came as “one legislation too many, aimed at purloining the resources of Niger Delta.”
Last week’s passage of the Petroleum Industry Bill (PIB) by the National Assembly may appear a celebrated milestone after several attempts, but there are indications that inherent gaps...
Disagreement on the right percentage of oil revenue for host communities during the debate for the passage of the Petroleum Industry Bill (PIB) on Thursday brought Order 73 to the fore once again.
Host communities will receive half a billion dollars annually, as funding from the three per cent approved for Host Communities Trust Fund in the Petroleum Industry Bill (PIB), the Senate has said.
The House of Representatives on Thursday adopted the report on the Petroleum Industry Bill (PIB) for passage at the Committee of the Whole.
Nigeria Senate on Thursday passed the Petroleum Industry Bill (PIB) after the House of Representatives did the same. The PIB passed the third reading after Mohammed Sabo, chairman of the joint committee petroleum (upstream and downstream) and gas, presented a report and its clauses were put to voice vote. The bill has five parts, eight…
The Petroleum Industry Bill (PIB) has passed the third reading at the House of Representatives. The bill passed the third reading on Thursday after Mohammed Monguno, chairman of the ad hoc committee on Petroleum Industry Bill (PIB), presented a report and the lawmakers voted on 319 clauses of the bill. Before the clauses of the…
The Senate announced on Tuesday that it would consider the report on the Petroleum Industry Bill (PIB) for passage on Thursday. The announcement, made by Senate President Ahmad Lawan, was sequel to the submission of a report by the Senate joint committee on petroleum and gas which has been processing the bill since October 2020.…
Chief Timipre Sylva, the Minister of State for Petroleum Resources has assured that the Petroleum Industry Bill (PIB) currently before the National assembly will be passed in the next few weeks.
President of the Senate, Ahmad Lawan, yesterday, said Nigeria is a poor nation that has no option but borrow to fund infrastructure development.
The Senate on Wednesday rolled out series of activities to celebrate what it called modest achievements in its last two years.
Worried about social resistance that might trail the removal of petrol subsidy, there are indications that the Federal Government will not tamper with the price of petrol anytime soon until tensions abate and food inflation tamed, The Guardian has learnt.