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Petroleum Industry Governance Bill
The Budget was increased by the legislature by N508 billion, from N8.61 trillion proposed by President Muhammadu Buhari in Appropriation Bill presented to the assembly in November, 2017.
The Presidency has said the Petroleum Industry Governance Bill (PIGB) which was harmonised on March 28, is yet to get to the desk of President Muhammadu Buhari.
The National Assembly has sent a copy of the harmonised Petroleum Industry Governance Bill to President Muhammadu Buhari for assent.
The Nigerian National Petroleum Corporation (NNPC) on Saturday allayed fears that pump price of petrol might move up following National Assembly’s recent passage of the Petroleum Industry Governance Bill (PIGB), which levied a five per cent petrol tax.
Nigerians will have to pay more for fuel as the National Assembly on Wednesday passed the much touted Petroleum Industry Governance Bill (PIGB) with 5 percent levy on fuel sold across the country.
Oil marketers and the Organised Private Sector (OPS) on Sunday, canvassed for two regulatory bodies to regulate the oil industry under the Petroleum Industry Governance Bill [PIGB] currently before the National Assembly.
With the June 2018 deadline fast approaching for submission of the amended draft Petroleum Industry Governance Bill by the National Assembly to the president for assent, oil and gas industry experts on Tuesday expressed their views on expectations about the new law.
Senator Omotayo Alasoadura, chairman, senate committee on upstream, says the Petroleum Industry Governance Bill (PIGB) will be harmonised and presented for presidential assent by March 30.
Indications emerged on Sunday that workers of the Department of Petroleum Resources (DPR), and the Petroleum Products Pricing Regulatory Agency (PPPRA) would be absorbed into the new petroleum industry regulator to be set up by the Petroleum Industry Governance Bill (PIGB).
The Nigerian National Petroleum Corporation (NNPC) says the National Assembly has assured that the Petroleum Industry Bill (PIB) will be passed by June.
The Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu, said the Launch of the Oil and Gas road map tagged “7 BigWins’’ has brought about many development in the oil and gas sector in the country.
Nigeria and the Niger Republic, will in 60 days time sign binding bilateral and technical agreements that will enable both countries develop and build a new petroleum refinery in a Katsina State town which borders both countries, the Ministry of Petroleum Resources has disclosed.
The Nigeria Extractive Industries Transparency Initiative, NEITI on Thursday lamented the National Assembly’s poor use of past findings in its audit reports on the oil and gas industry operations.
Deputy Governor of Delta State and Chairman, Delta State Advocacy Committee Against Vandalism of Oil and Gas Facilities, Mr. Kingsley Otuaro, has appealed to the Niger Delta Avengers, NDA, to sheathe their swords and come to the dialogue table.
The Nigeria Extractive Industries Transparency Initiative, NEITI, Sunday, commended the National Assembly for the passage of the Petroleum Industry Governance Bill, PIGB, stating that the Bill would stem the massive loss of revenue recorded in the petroleum industry, arising from corrupt practices and process lapses.
The Senate President, Bukola Saraki, has said that the passage of the Petroleum Industry Governance Bill, PIGB, by the House of Representatives on Wednesday, following the Senate’s passage of the bill last May, represents a historic milestone in Nigeria.
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The Independent National Electoral Commission in Cross River yesterday has commenced distribution of 156,000 Permanent Voters Cards (PVCs) across the 18 Local Government Areas of the state.
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