‘Federal government has lost $235 billion due to delay in passing the PIB’
Issues about the protracted petroleum industry Act in Nigeria have over the years refused to let go, possibly because of the overwhelming public and private interest in the sector.
Why we reject single regulatory body for upstream, downstream sectors, by oil marketers, others
The Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and the Organised Private 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...
‘Clear, coherent PIGB will attract investment in petroleum sector’
Ado Oseragbaje is the Chief Executive Officer, sub-Sahara Africa, Baker Hughes, a GE company (BHGE). In this interview with journalists in Lagos, he emphasised the need for clarity in the Petroleum Industry Governance Bill to attract the required investment.
Senate okays petroleum host-community bill, others for second reading
The Senate yesterday passed into second reading the Petroleum Host-Community Bill 2017 among other bills not captured in the already passed Petroleum Industry Governance Bill (PIGB).