‘Nigeria Loses $235bn To Non-passage Of PIB’       Deputy Senate President, Senator Ovie Omo-Agege said yesterday that Nigeria had lost about $235 billion to the non-passage of the Petroleum Industry Bill (PIB) by successive administrations. Omo-Agege, who spoke at the virtual national colloquium on PIB organised by...

PIB'll Address Production Sharing Contracts Issues On Gas, Says Sylva       The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas. Sylva made this...

PIB Passage Will See Changes To Oil Companies’ Taxes - Finance Minister         The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has said the passage of the Petroleum Industry Bill (PIB) currently being considered by the National Assembly will lead to changes to...

PIB: Labour Warns Against Multiple Regulators       Stakeholders in the oil and gas sector yesterday disagreed with the provisions of the Petroleum Industry Bill (PIB), though they agreed on the need for the speedy passage of the bill to drive the needed reforms in the sector. While...

House'll Pass PIB Into Law In April, Says Gbajabiamila       Speaker, House of Representatives, Femi Gbajabiamila has reiterated the commitment of the parliament to passing the Petroleum Industry Bill, PIB into law in April this year. The Speaker gave the assurance while making his remarks at the...

PIB: Sylva Faults Host Communities’ 10% Trust Fund Demand       The Minister of State for Petroleum Resources, Timipre Sylva, has faulted the position of host communities who are insisting on collecting 10 per cent of the operating expenditure of the oil firms to set up a...