It noted that the signing of the law in spite of widespread public rejection amounted to “endorsement of imposition, lack of respect for the people…” The Peoples Democratic Party (PDP) has called for the immediate amendment of the new Petroleum Industry Act Bill recently approved by President Muhammadu Buhari. The main opposition party in 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
The government plans to spend $1.5 billion to fund the rehabilitation of the Port Harcourt refinery in Rivers State A move many have described as an addition to the country’s debt profile Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that the National Assembly will pass the Petroleum Industry Bill (PIB) which is … Read more
Prof. Wumi Iledare, a Professor of Petroleum Economics, says Nigeria remains best investment destination with effective fiscal framework in the proposed Petroleum Industry Bill (PIB) Iledare disclosed this at an Education Series for Media on reforming the oil and gas sector in Nigeria, in Lagos, on Wednesday. He said that the proposed PIB remained a … 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 ongoing public hearing on the Petroleum Industry Bill (PIB) on Thursday hit a snag as members of the host community exchanged blows during the hearing. YOU MAY ALSO LIKE: Ogun Govt. Grants N85.5 M To CDAs, Council For Self- Help Projects Yobe Spends N400m On Foreign Scholarship For 233 Students How God Killed UNILAG … Read more
Oil Revenue, PIB President of the Senate Ahmad Lawan says Nigeria will generate more revenue with the passage of the Petroleum Industry Bill (PIB). Lawan made this known while addressing Senate Correspondents at a forum to mark his 62nd birthday in Abuja on Tuesday, Eko hot blog gathered. He said that the Senate would on … Read more
LCCI, PIB The Lagos Chamber of Commerce and Industry (LCCI) has urged the National Assembly to ensure the passage of a competitive Petroleum Industry Bill (PIB) that would make Nigeria an investment destination of choice. Mr Muda Yusuf, Director General, LCCI, made the call in a statement issued on Sunday in Lagos, Eko hot blog … Read more
As the Petroleum Industry Bill (PIB) edges closer to its passage into law at the National Assembly (NASS), the member of the House of Representatives for Etinan Federal Constituency, Akwa Ibom State, Mr. Onofiok Luke, has lamented the 2.5 per cent allocation to Niger Delta region. Eko Hot Blog gathered that the former Speaker, Akwa … Read more
Petroleum Industry Bill (PIB) Barely 24 hours after the Petroleum Industry Bill (PIB) scaled the second reading, the House of Representatives has said the bill would be passed latest by the end of March next year. Speaking at the inaugural meeting of the Ad Hoc Committee on the PIB yesterday, the Chairman of the committee, … Read more
Buhari, Submits PIB To National Assembly The President, Major General Muhammadu Buhari (retd.), has transmitted the much awaited Petroleum Industry Bill 2020 to the National Assembly and has proposed the creation of the Nigerian National Petroleum Company Limited. The bill, which was sighted by our correspondent on Sunday, also proposes the scrapping of the Nigerian … Read more
– President of Senate,Ahmad Lawan said that the senate will pass the PIB before the end of 2020 – It also seeks to increase government revenue from oil and lay down a strengthened legal and regulatory framework for the Nigerian oil industry – Lawan said: “Our petroleum industry is almost stagnant; it has for long … Read more