Petroleum Industry Governance Bill
Niger Delta leaders reject PIGB, insist on PIB
Stakeholders in Niger Delta have cautioned President Muhammadu Buhari against signing the Petroleum Industry Governance Bill (PIGB), alleging that it seeks to privatise the country’s oil and gas assets and to further impoverish the people of the region.
Worry as PIGB fails to address critical governance issues in petroleum industry
Even with the passage of the Petroleum Industry Governance Bill by the National Assembly, is still being faced with unaddressed issues, which originally should have been dealt with in the legislation, STANLEY OPARA writes It is no news that the current National Assembly has passed the Petroleum Industry Governance, which seeks to provide for the…
Buhari to sign PIGB soon, Ajumogobia cautions over discretionary powers
President Muhammadu Buhari may sign the Petroleum Industry Governance Bill (PIGB) on August1, 2018. The Guardian learnt yesterday in Abuja that the move was to send signals to the international community that Nigeria is now ready for business, and halt the relocation of oil and gas investments to other parts of Africa. At a roundtable…
Experts fear investment losses as PIGB suffers setback
As the harmonised Petroleum Industry Governance Bill (PIGB) is yet to get to the desk of President Muhammadu Buhari for assent, expert feared the current delay might lead to more investment losses in the oil and gas sector.
Don’t celebrate progress on PIGB yet, says Kachikwu
The Minister of State for Petroleum Resources, Ibe Kachikwu has said Nigeria must not celebrate progress on the Petroleum Industry Governance Bill (PIGB) yet unless something is done about the fiscal aspect of the bill. Also, the Federal Government has deferred the award of new acreages until the PIGB is signed into law. He also…
Government targets June for passage of PIGB
The Federal Government expects the National Assembly to pass the harmonised version of the Petroleum Industry Governance Bill (PIGB) before the end of June this year, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said. At a roundtable on understanding petroleum reforms proposed by the PIGB by Media Initiative on Transparency…
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.