NNPC Targets N11trn Revenue For 2021, $14bn Industry Spending         The Nigerian National Petroleum Corporation plans to generate N11.39tn revenue in 2021, while projecting an increase in oil and gas output and sales between 2021 and 2023. According to a written presentation to the National Assembly by...

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...

More Gas-to-power Infrastructure Coming Through PIB – Lawmakers         The Senate on Tuesday said more gas infrastructure required for power generation would be constructed in various parts of the country going by the provisions contained in the Petroleum Industry Bill. Deputy Senate President, Senator Ovie Omo-Agege, said...

House’ll Pass PIB Within Six Months - Gbajabiamila         The Speaker of the House of Representatives, Femi Gbajabiamila, has said the House is determined to pass the Petroleum Industry Bill within the next six months. Gbajabiamila said the House would ensure that it passed a PIB that...

Nigeria’s Fragile Fiscal Regime May Stall $24bn Oil, Gas Projects         With the continued delay in the passage of the Petroleum Industry Bill (PIB) leading to a frigile fiscal regime mired by uncertainty, the African Energy Chamber (AEC), has said Nigeria and other African countries should...