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...

PIB Lists Functions Of New Agencies To Replace NNPC       The Petroleum Industry Bill 2020 has listed the specific functions of the three agencies that would replace the Nigerian National Petroleum Corporation when the proposed legislation is passed and assented to by President Muhammadu Buhari. A copy...

Nigeria Losing N3tn Annually Due To PIB Delay - PWYP   Nigeria is losing about N3tn annually as a result of the prolonged delay in the passage of the Petroleum Industry Bill, a non-governmental organisation that supports the implementation of the Extractive Industries Transparency Initiative, Publish...

PIB: NNPC Calls for Basic Fiscal Terms The Nigerian National Petroleum Corporation (NNPC) has urged the Senate to consider simplifying the fiscal provisions in the Petroleum Industry Fiscal Bill (PIFB) to ensure easy implementation of the law. Group Managing Director of the corporation, Dr. Maikanti Baru,...

PIB: NNPC Recommends Split of Petroleum Licences The Nigerian National Petroleum Corporation (NNPC) has recommended the splitting of petroleum licences into two components for prospecting and production phases under the draft Petroleum Industry Administrative legislation currently before the National Assembly. In a presentation at the Public...