Thursday, 26th May 2022
Breaking News:

Petroleum Industry Bill

27 Feb 2021
The Coalition of Nigerian Civil Society Organisations for Petroleum and Energy Security (CONCSOPES) has called on organised labour to support the government’s efforts to deregulate the downstream oil and gas sector.
25 Feb 2021
Rep. Mohammed Mongunu, the Chairman of House of Representatives Ad Hoc Committee on Petroleum, has said that the Petroleum Industry Bill (PIB), is expected to be passed by end of April to ensure competitiveness in oil and gas industry.
19 Feb 2021
Mineral exploration and exploitation are always governed by certain terms that are agreed upon prior to the commencement of their operations.
17 Feb 2021
The 9th Senate’s determination to pass the Petroleum Industry Bill (PIB) before the end of the first quarter in early April and await the president’s assent in May would seem a welcome development for stakeholders
30 Jan 2021
The House of Representatives says there is no going back on the passage of the Petroleum Industry Bill (PIB) under consideration. Spokesperson of the House, Benjamin Kalu that the legislation will surely reinvigorate the petroleum industry and promote economic growth in host communities and the nation. Kalu explained that they are appalled at the scuffle…
28 Jan 2021
Speaker of the House of Representatives, Mr. Femi Gbajabiamila, has assured the nation that vested interest will not stop passage of the Petroleum Industry Bill (PIB) this time around.
4 Jan 2021
Citing the need to enjoy a chunk of the investment inflow into Africa, the Lagos Chamber of Commerce and Industry (LCCI) has charged the Federal Government with a Petroleum Industry Bill (PIB) that delivers value to the people...
22 Dec 2020
A few weeks ago, a two-month moving average of oil prices collapsed, turning the market to a greenish outlook. The figures, indeed, have been bullish in the past six months.
26 Nov 2020
Oil bearing communities and stakeholders in the oil and gas sector have raised concerns over loopholes in the Host Community fragment of the Petroleum Industry Bill (PIB)
17 Nov 2020
Vice-President Yemi Osinbajo said in Lagos on Tuesday that the fiscal provisions for gas business in the Petroleum Industry Bill (PIB) would be one of the most attractive in Africa.
2 Nov 2020
The New Petroleum Industry Bill (PIB) currently before the National Assembly has proposed that oil companies operating in some communities must develop community development plan to ensure their economic growth.
30 Oct 2020
The Petroleum Industry Bill (PIB) was introduced to the National Assembly in 2007. Contrary to all Nigerians’ expectations, the Bill, in its wholesale form, has survived three presidents and four convocations of the National Assembly. But its passage will not sacrifice thoroughness on the altar of speed, because it will be in the nation’s best interest…


38 mins ago
This year, Africa Day coincides with the annual meeting of the World Economic Forum in Davos Switzerland. African leaders, together with world leaders, are gathering to discuss critical issues of importance to Africa, and the world. One of the critical issues that Africa must address is how the continent tackles climate change and the role…
50 mins ago
Mohammad Abacha, son of the late former head of state General Sani Abacha, emerged winner of the gubernatorial primary of the Peoples Democratic Party (PDP) in Kano. Abacha won the PDP gubernatorial candidacy with 736 votes to defeat his only rival Ja'afar Sani, who polled 710 votes. The two contestants were the only aspirants that…
4 hours ago
The race by the major opposition Peoples Democratic Party (PDP) to win 25 states, up from the 13 it currently controls, began yesterday across the country with its shadow governorship elections...
4 hours ago
Former governor of Anambra State and erstwhile presidential aspirant on the platform of the Peoples Democratic Party (PDP), Peter Obi, yesterday, resigned his membership of the party two days before its presidential primary.
4 hours ago
Ahead of the 75th World Health Assembly (WHA) scheduled for May 22-28, 2022, concerned groups led by Equity International Initiative (EII) have warned Nigeria and other sovereign nations not to sign up to proposed amendment...