Thursday, June 13, 2024

Petroleum Industry Bill (PIB)

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
August 10, 2021

Police raid Lagos newspaper over story exposing corruption, debts at Dangote refinery

The police invaded the media company after the Dangote refinery spokesman failed to get the newspaper to pull down the story.

Police and handcuff
August 6, 2021

PIB: Support sale of oil before it loses value, says Sylva to Niger Deltans

The minister said he had extracted a commitment from multinational oil firms to relocate their operational headquarters to the Niger Delta region.

Chief Timipre Sylva
July 22, 2021

National Assembly legislators are saboteurs: Catholic bishops

The National Assembly legislators are saboteurs, say Catholic bishops in Nigeria, accusing them of having “perfected the art of sabotaging” Nigerians’ progress.

Buhari, Ahmed Lawan and Gbajabiamila
July 21, 2021

We’ve passed PIB, electoral law, only God can change them: Abdullahi Adamu

Ex-Governor Abdullahi Adamu of Nasarawa says nobody but God can change the National Assembly’s decisions on PIB and the electronic transmission of election results.

Ex- Nasarawa Governor, Abdullahi Adamu, Senate President Ahmad Lawan, and Speaker of House of Reps, Femi Gbajabiamila
July 19, 2021

PIB 3% for host communities won’t solve Niger Delta crisis: Gov. Sule

Governor Sule says three per cent allocation to host communities in oil-producing states in the recently passed Petroleum Industry Bill will not end the Niger Delta crisis.

July 17, 2021

PIB: Southern governors will react soon, says Gov. Emmanuel

The southern Governors’ Forum had demanded allocation of five per cent derivation as initially proposed in the PIB by the House.

Akwa Ibom state governor, Udom Emmanuel.
July 16, 2021

Despite agitations, Reps pass PIB, give 3% to host communities

The three per cent is however against 10 per cent demanded by the host communities and also the initial five per cent agreed to by the House of Reps.

House of Representatives,
July 15, 2021

Reps step down passage of PIB amidst protest by southern lawmakers

The percentage of total operating expenses (OPEX) that oil firms are supposed to contribute to a trust fund established for host communities is in dispute.

House of Representatives,