President Buhari said assent of the Petroleum Industry Bill on August 16, 2021, marked the end of decades of uncertainty and under-investment in the petroleum industry. President Muhammadu Buhari on Wednesday in Abuja said Nigeria lost an estimated $50billion worth of investments in the petroleum industry in 10 years. This, according to him, was a … Read more
President Buhari sent the bill to the National Assembly in September last year. The House of Representatives on Thursday passed the long awaited Petroleum Industry Bill (PIB) after considering and adopting the bill’s 318 clauses. Speaker of the House of Representatives, Femi Gbajabiamila said the electoral act amendment bill will be passed in the coming … Read more
YOU MAY ALSO LIKE PIB Passes 2nd Reading In The House Of Reps Reps: PIB To Be Passed In March The House of Representatives on Friday said it remains on track to pass the Petroleum Industry Bill (PIB) by April 2021 despite a scuffle that ensued on the floor of the House during a public … Read more
The Senate Public Account Committee has sustained a query which indicted a senior civil servant in the Ministry of Petroleum Resources of awarding ₦145m meant for the media campaign on the Petroleum Industrial Bill to himself. The official was expected to award the contract to competent and technically experienced companies. The query is contained in … Read more
PIB 2020( SB.510) was read the first time in the Senate on Wednesday. The Petroleum Industry Bill,PIB 2020( SB.510) was read the first time in the Senate on Wednesday. With the Bill scaling first reading on the floor of the Upper Chamber, it is a clear indication that the Senate has begun the process of … Read more