National Assembly To Pass PIB This Year, Says Lawan         Senate President Ahmad Lawan, has said the lawmakers will pass the Petroleum Industry Bill (PIB) this year, noting that it’s a promise to Nigerians. Lawan who spoke on Monday at a two-day public hearing on the PIB...

NASS Sets First Quarter Deadline For PIB Passage         The National Assembly will pass the Petroleum Industry Bill (PIB) before the end of this quarter as legislators work to tighten loopholes and bolster Nigeria’s earnings from its natural resources. A related amendment to the Deep Offshore Oil...

Some PIB Provisions May Hurt Oil Industry, Economy – LCCI         The Lagos Chamber of Commerce and Industry said on Sunday that some provisions in the Petroleum Industry Bill, currently in the National Assembly, could adversely affect the growth of the industry and the overall economy. The...

Lower Oil Sector Taxes Guaranteed In New PIB - Sylva         The Minister of State for Petroleum Resources, Mr. Timipre Sylva has said that Nigeria’s long-awaited Petroleum Industry Bill (PIB) will include low tax provisions to sustain stable investments in the country’s oil sector. Sylva equally noted...

PIB Will Be Passed Into Law March 2021 - Reps       The House of Representatives has announced its plan to pass the Petroleum Industry Bill by end of the first quarter of 2021. The Ad Hoc Committee on PIB disclosed this in Abuja on Wednesday. The House had...

PIB Passes Second Reading In The House Of Reps       Finally, the age-long Petroleum Industry Bill, PIB has passed second reading at the House of Representatives. The PIB in many quarters appears to be the most politicized piece of legislation in Nigeria’s legislative history. It was conceived by...