PIB

We lost $50bn due to non-passage of PIB – BuhariWe lost $50bn due to non-passage of PIB – Buhari

We lost $50bn due to non-passage of PIB – Buhari

Nigeria lost an estimated $50 billion worth of oil and gas industry investments in ten years as a result of…

4 years ago
PIB: Fuel subsidy stays for now, says petroleum ministerPIB: Fuel subsidy stays for now, says petroleum minister

PIB: Fuel subsidy stays for now, says petroleum minister

Sylva to speak on subsidy, NNPC unbundling today Minister of State for Petroleum Resources Timipre Sylva has said fuel subsidy…

4 years ago
PIB assent not instant subsidy removal, says MOMANPIB assent not instant subsidy removal, says MOMAN

PIB assent not instant subsidy removal, says MOMAN

The signing of the Petroleum Industry Bill (PIB) into law by President Muhammadu Buhari does not mean automatic removal of…

4 years ago
Just in: Buhari signs Petroleum Industry Bill into lawJust in: Buhari signs Petroleum Industry Bill into law

Just in: Buhari signs Petroleum Industry Bill into law

President Muhammadu Buhari has signed the Petroleum Industry Bill (PIB) 2021 into law. A statement by the President’s Special Adviser…

4 years ago
NNPC COO sacked in major shakeup ahead of PIB implementationNNPC COO sacked in major shakeup ahead of PIB implementation

NNPC COO sacked in major shakeup ahead of PIB implementation

The Nigerian National Petroleum Corporation has announced the disengagement of its Chief Operating Officer, Gas & Power, Engr. Yusuf Usman,…

4 years ago
PIB: Senate moves to harmonise lawmakers divergent positionsPIB: Senate moves to harmonise lawmakers divergent positions

PIB: Senate moves to harmonise lawmakers divergent positions

Senate President Ahmad Lawan on Tuesday constituted the conference committee on the Petroleum Industry Bill. The members of the conference…

4 years ago
Southern govs insist on region producing next presidentSouthern govs insist on region producing next president

Southern govs insist on region producing next president

...reject PIB's  3% oil profit share for host communities The Southern Governors’ Forum rose from a meeting in Lagos on…

4 years ago
Finally, Senate passes PIB, awards host communities 3% oil profitFinally, Senate passes PIB, awards host communities 3% oil profit

Finally, Senate passes PIB, awards host communities 3% oil profit

The Senate on Thursday finally passed the Petroleum Industry Bill shortly after the lower house had also passed it for…

4 years ago
Senate receives PIB report, to consider it on ThursdaySenate receives PIB report, to consider it on Thursday

Senate receives PIB report, to consider it on Thursday

The Senate on Tuesday received a report on the Petroleum Industry Bill (PIB) and plans to consider it on Thursday.…

4 years ago
Nigeria loses $235bn to non-passage of PIB – Omo-AgegeNigeria loses $235bn to non-passage of PIB – Omo-Agege

Nigeria loses $235bn to non-passage of PIB – Omo-Agege

Deputy President of the Senate, Senator Ovie Omo-Agege, has said Nigeria has lost $235 million due to the long delay…

4 years ago