Wednesday, March 22, 2023

Petroleum Industry Bill (PIB)

October 3, 2022

Senate should be scrapped, Reps doing most work: Lawmaker Dennis Idahosa

Mr Idahosa stressed that the lower chamber performs most legislative duties.

October 1, 2022

IPMAN advises FG on complete deregulation of petroleum sector

The association stated that full deregulation would help make the petroleum sector more stable.

January 25, 2022

Buhari regime should remove fuel subsidy gradually: LCCI

Monthly payment of about N250 billion to subsidise fuel consumption meant an additional N1.5 trillion expenditure in the 2022 budget.

Fuel queue used to illustrate the story
November 2, 2021

Temitope Bademosi: Nigerian communities exposed to oil exploration hazards deserve better

The three per cent equity share for host communities is not listed in this request even as stakeholders in the region continue to clamour for a change.

October 1, 2021

With his $2 million bribe, Gbajabiamila threatens to name, shame corrupt agencies under Buhari regime

Femi Gbajabiamila, the Speaker of the House of Representatives, has threatened to name and shame corrupt federal agencies.

August 24, 2021

PIA will turn Nigeria into industrialised nation: Osinbajo

Vice President Yemi Osinbajo says the Petroleum Industry Act (PIA) and the government’s gas initiatives will help transform Nigeria into a gas-based industrialised nation.

August 20, 2021

FG will represent states, LGAs in new NNPC company: Sylva

The federal government will hold an equity stake in trust for states and local government areas in the proposed NNPC Ltd. in the Petroleum Industry Act (PIA).

August 17, 2021

Buhari’s Petroleum Industry Act doesn’t reflect Nigerians’ wishes: PDP

The PDP has advised President Muhammadu Buhari to immediately forward an amendment bill to the new Petroleum Industry Act to the National Assembly.

August 16, 2021

OPEC congratulates Buhari on signing PIB into law

OPEC said Buhari’s signing of the PIB into law marks a significant milestone for Nigeria’s oil industry.

Buhari and OPEC
August 16, 2021

Buhari ignores Southern governors kick against 3% for host communities, signs PIB into law

Mr Buhari assented to the bill on Friday after he returned from his medical vacation in London.

President Muhammadu Buhari