Petroleum Industry Governance Bill
31 Aug 2018
The news, early this week, that President Muhammadu Buhari has refused to assent to the Petroleum Industry Governance Bill (PIGB) and has returned it to the Senate, struck me like a thunderbolt, not because it shattered my professional forecast that the bill will come into force before the end of this administration, but because it…
22 Aug 2018
Concerned stakeholders in the country’s petroleum industry have appealed to the Federal Government to spell out the timetable for the implementation of the Petroleum Industry Governance Bill (PIGB) if it eventually becomes a law. The bill is current with the Presidency, awaiting the assent of President Muhammadu Buhari. A panel of energy experts who spoke…
19 Jul 2018
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.
18 Jul 2018
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…
18 Jul 2018
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…
22 May 2018
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.
21 Mar 2018
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…
9 Mar 2018
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…
9 Feb 2018
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...
10 Oct 2017
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.
6 Oct 2017
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.
23 Aug 2017
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.