Petroleum Industry Bill (PIB)

The Nigerian Government has awarded 57 marginal fields to about 49 new investors, adding that a total of N202.91bn was raked in by the government from the just concluded 2020 marginal field bid round. It also revealed that 13 out of the…

The Forum of governors of the All Progressives Congress, APC has commended Nigeria's President Muhammadu Buhari for signing the Petroleum Industrial Bill, PIB into law. The Progressives Governors Forum, PGF made the commendation in a…

Nigeria's President Muhammadu Buhari has signed into law the Petroleum Industry Bill (PIB) 2021 that was recently passed by the National Assembly. This was disclosed in a statement signed by the Special Adviser to the President…

The  Senate President, Ahmad Lawan, has assured Nigerians that the Petroleum Industry Bill (PIB) which is before the National Assembly will change the fortune of the country by the time it is passed into law. “The PIB is going to be a…

Despite its huge oil reserves, Nigeria attracted only four per cent of Africa’s $75 billion oil and gas investment in four years (2015-2019) because of the delay in the passage of the nation’s Petroleum Industry Bill, PIB into law. In a…