PIB

President Muhammadu Buhari on Wednesday bemoaned the loss of $50bn worth of investments in the petroleum industry since 2011 due to the absence of the Petroleum Industry Act. Buhari spoke in Abuja at a ceremony on passage of…

The Senate on Thursday passed the harmonised Petroleum Industry Bill which was produced by a conference committee of both chambers of the National Assembly last week. The harmonised version of the PIB was submitted for…

The Nigeria Labour Congress has cautioned the National Assembly to handle with utmost care what it described as the very sensitive issue of the unbundling of the Nigeria National Petroleum Corporation. It urged the lawmakers to…

The Senate on Thursday passed the Petroleum Industry Bill and approved 3 per cent for the host communities The upper chamber passed the PIB, 2021 after the clause by clause consideration of the report of its joint committee on…

Baring any change of plans, the long-awaited Petroleum Industry Bill, PIB will be passes into law in two weeks time. Speaker of the House of Representatives, Femi Gbajabiamila made the disclosure during the lower chamber's…

The National President of the Host Community of Nigeria Producing Oil and Gas, Benjamin Tamaranebi on Sunday dismissed as unacceptable the 2.5 per cent, proposed in the Petroleum Industry Bill, being supported by the Minister of…

The Petroleum Industry Bill 2020 on Tuesday passed for second reading by the Senate. The Leader of the Senate, Yahaya Abdullahi, led the debate for the proposed legislation Senators who contributed to the debate expressed…

The Petroleum Industry Bill 2020 on Wednesday scaled through first reading on the floor of the Senate. The Leader of the Senate, Yahaya Abdullahi, presented the proposed legislation and the President of the Senate, Ahmad Lawan,…

Minister of State for Petroleum Resources, Timipre Silva, has debunked reports that the new Petroleum Industry Bill (PIB), does not accommodate the existence of the Nigerian National Petroleum Corporation (NNPC). The Minister…

The Minority Leader of the House of Representatives, Ndudi Elumelu says the lower chamber of the National Assembly will go ahead and pass the long-awaited Petroleum Industry Bill into law by September. Elumelu said at the weekend that…