Browsing Tag

(PIB)

Politics

APC Governors commend President Buhari’s Assent of Petroleum Bill

Ime Njoku 0

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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…
Featured

President Buhari assents to Petroleum Industry Bill

Nnenna Okoronkwo 0

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President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law. Working from home in five days quarantine as required by the Presidential Steering Committee on COVID-19 after returning from London on Friday, August 13,…
Nigeria

South-south Governors demand increment in oil revenue

Nneka Oyibo Ukachukwu 0

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Akwa Ibom State Governor in South-South Nigeria, Mr Udom Emmanuel has disagreed with the three percent derivation proposal to the oil producing states in Nigeria by the National assembly. The Governor said the five percent on oil…
Featured

Senate passes PIB as host communities get 5% fund

Nneka Oyibo Ukachukwu 0

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Nigerian Senate on Thursday passed the petroleum industry bill PIB after several years of failed attempt. One of the highlights of the new legislation is the approval of a 5% host communities development fund. …
Business

Intn’l Oil Companies caution against Petroleum Industry Bill

Amaka Nliam 0

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International Oil Companies (IOCs) have called for caution, noting that the passage of the much awaited Petroleum Industry Bill, (PIB) “will not meet the government’s objectives of making Nigeria the leading destination for oil and gas…