Oil communities, stakeholders pick holes on PIB
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)
PIB will become law in six months, says Gbajabiamila
From the Speaker of the House of Representatives, Mr. Femi Gbajabiamila, came an assurance that the Petroleum Industry Bill (PIB) will be passed into law within the next six months.
Nigeria’s fragile fiscal regime may stall $24bn oil, gas projects
With the continued delay in the passage of the Petroleum Industry Bill (PIB) leading to a frigile fiscal regime mired by uncertainty, the African Energy Chamber (AEC), has said Nigeria and other African countries...
Oil companies to develop host community plan- PIB
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.
National Assembly promises speedy consideration of PIB
The National Assembly has promised to hasten work on the Petroleum Industry Bill (PIB) resent last week by President Muhammadu Buhari. The clarification followed insinuations that the piece of legislation was to be abandoned until next year for consideration of the 2021 budget presented yesterday by the Nigerian leader. Senate spokesperson, Ajibola Basiru, said his…
NASS’ delay of PIB stirs anger
Nigeria’s National Assembly is still temporizing with passage of the Petroleum Industry Bill (PIB) and this is a source of worry to oil and gas stakeholders.
PIB passage to unlock foreign capital, aid sector development
With the amended Petroleum Industry Bill (PIB) awaiting transmission to the National Assembly for passage, oil and gas operators are hopeful that the bill would help Nigeria unlock foreign capital and develop the energy sector, especially gas.
Fuel price hits N143.80 per litre, labour fumes
The Academic Staff Union of Nigerian Universities (ASUU), yesterday, condemned the increase in the pump price of petrol, describing it as ill-timed and insensitive.
Concerns heighten over delayed PIB fiscal framework
Fresh concerns have arisen over the outlook of Nigeria’s oil and gas fiscal regime, as efforts intensify on the passage of the Petroleum Industry Bill