Tag: Petroleum industry bill
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BREAKING: Buhari commences implementation of Petroleum Industry Act
President Muhammadu Buhari has commenced implementation of the newly signed Petroleum Industry Act (PIA) by approving a steering committee to oversee the process. The steering committee is headed by the Honourable Minister of State, Petroleum Resources, Timipre Sylva. Other members are: Permanent Secretary, Ministry of Petroleum Resources, Group Managing Director, NNPC, Executive Chairman, FIRS, Representative…
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PDP wants immediate amendment to new Petroleum Industry Act
The Peoples Democratic Party (PDP) has advised President Muhammadu Buhari to immediately forward to the National Assembly an amendment bill to the new Petroleum Industry Act. The party gave the advice in a statement by its National Publicity Secretary, Mr Kola Ologbondiyan, on Monday in Abuja in reaction to the signing of the Petroleum Industry…
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BREAKING: Buhari signs Petroleum Industry Bill into law
President Muhammadu Buhari has signed the much-awaited Petroleum Industry Bill (PIB) into law. TheNewsGuru.com (TNG) reports Buhari signed the PIB into law, following his return from a trip to London, United Kingdom (UK). The PIB was signed into law on Monday by the President with him working from home. Femi Adesina, Special Adviser to the…
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PIB: It’s a lose-lose situation for Nigeria and investors – Sen. Dickson
…Nigeria has nothing to effectively show for all the trillions earned for crude oil sales …what you call an oil Bloc is someone’s ancestral land …says he’s proud to be a police man Former Governor of Bayelsa State, Senator Henry Seriake Dickson has said the recently passed Petroleum Industry Bill, otherwise known as PIB is…
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Reps step down consideration of PIB conference committee report
The House of Representatives on Thursday in Abuja stepped down the report of the National Assembly conference committee on Petroleum Industry Bill (PIB). The report was earlier scheduled for presentation, but was stepped down for reason that may not be unconnected with percentage due to host communities. Rep. Mohammed Monguno, the Chairman, Committee on PIB,…
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HAPPENING NOW: PIB sparks commotion in National Assembly
The National Assembly (NASS) was thrown into commotion on Thursday as the House of Representatives was forced into a closed door session over considerations of the Petroleum Industry Bill (PIB). TheNewsGuru.com (TNG) reports the Senate was not left out in the commotion that ensued over considerations of the PIB upon its return from the PIB…
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The Petroleum Industry Bill – Hope Eghagha
After over thirteen years in the making, the Petroleum Industry Bill (PIB) was passed by both chambers of the National Assembly last week. But almost before the ink of the document was dry, and before the versions of the House of Representatives and the Senate were harmonised, powerful people from the southern part of the…
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PIB: Host communities provision is a time bomb – Gov Diri warns
Bayelsa State Governor, Senator Douye Diri has warned that the definition of a host community in the just passed Petroleum Industry Bill by the National Assembly was a time bomb if not properly addressed. He also restated the position of governors of the southern states that it was an injustice to allot three per cent…
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Senate President constitutes Conference Committee on PIB
Senate President Ahmad Lawan, has announced the composition of the Conference Committee on the Petroleum Industry Bill (PIB). The announcement was made on Tuesday at the plenary. The members of the committee include: Senate Leader, Yahaya Abdullahi, as Chairman,Sen. Mohammed Sabo, representing North-West Sen.Albert Bassey representing South- South, Sen. Danjuma Goje North-East, Sen. Opeyemi Bamidele,…
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NEITI commends NASS on passage of PIB
The Nigeria Extractive Industries Transparency Initiative (NEITI) has welcomed with excitement, the bold step by both chambers of the National Assembly to pass the Petroleum Industry Bill (PIB). NEITI gave the commendation in a statement signed by Obiageli Onuorah its Head, Communications and Advocacy, in Abuja, on Thursday. She quoted the Executive Secretary of NEITI…