Lawmakers To Consider PIB Next Tuesday — Gbajabiamila         The House of Representatives has slated the Petroleum Industry Bill, 2020 for a second reading on Tuesday next week, Speaker Femi Gbajabiamila has disclosed. The Speaker made the disclosure on Wednesday in plenary, while calling for all motions...

PIB: Oil Firms To Pay Fine For Gas Flaring       Operators in the oil and gas sector involved in gas flaring will be expected to pay a yearly fine to the government for the offence, according to the Petroleum Industry Bill (PIB) before the National Assembly. The...

PIB’ll Secure Future Of Nigeria’s Oil Industry, Says Kyari       Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, Monday, disclosed that the passage of the Petroleum Industry Bill, PIB, would effectively secure the future of Nigeria’s oil and gas industry and...

Senate To Debate PIB October 20       The Senate will on October 20, debate the Petroleum Industry Bill (PIB) recently transmitted to the National Assembly by President Muhammadu Buhari. Senate President Ahmad Lawan, made the announcement moments before the upper chamber adjourned plenary on yesterday. According to Lawan,...

NASS Shifts PIB Deliberations To 2021 – FG       Deliberations on the Petroleum Industry Bill by the National Assembly has been shifted to the first quarter of next year, the Minister of State for Petroleum Resources, Timipre Sylva, has said. At the sidelines of the Joint Executive-Legislature...

Buhari Approves Oil Reform Bill As Senate Set To Resume Tuesday         President Muhammadu Buhari may formally present the Petroleum Industry Bill (PIB) to the Senate next week, which could trigger major oil reforms, sources have said. The Ministry of Petroleum Resources had presented the bill to...