Tag: Petroleum industry bill
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PIB: Untold story of how Reps were not given copies of report
…as Senators approve $500m for host communities annually ….Reps lament inability to actively participate By Emman Ovuakporie Many members of the House of Representatives were on Thursday denied from actively participating in the consideration and adoption of the Petroleum Industry Bill PIB as they were not given copies of the report. TheNewsGuru.com, (TNG) reliably gathered…
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PIB: Host communities to receive $500m annually – Senate
Host communities will receive half a billion dollars annually, as funding from the three per cent approved for Host Communities Trust Fund in the Petroleum Industry Bill (PIB), the Senate has said. Chairman, Senate Committee on Petroleum Downstream, Sen. Mohammed Sabo said this when he briefed newsmen on Thursday shortly after the senate passed the…
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PIB: Omo-Agege, Manager, Sekibo try in vain to persuade Senate to increase contributions to host communities
Efforts by the Deputy Senate President, Ovie Omo-Agege (APC, Delta Central) and other Niger Delta Senators to demand for an upward review of contributions by oil companies to host communities of the Niger Delta region on Thursday met a brick wall from lawmakers. TheNewsGuru.com (TNG) reports the Senate passed the Petroleum Industry Bill (PIB) during…
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PIB: Reps adopt committee report, schedule bill for third reading and final passage
The House of Representatives on Thursday adopted the report on the Petroleum Industry Bill (PIB) for passage at the Committee of the Whole. The Executive bill, which sought to reform the oil and gas sector and ensure its governance met with best global standards, was presented by the Chairman of House Committee on PIB, Rep.…
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BREAKING: Senate, Reps pass Petroleum Industry Bill
The Senate has passed the Petroleum Industry Bill known as PIB. The bill was passed during the plenary on Thursday after careful consideration of each of the clauses. The Senate before passing the bill met behind closed doors with the Minister of State for Petroleum, Timipre Sylva, and the Group Managing Director of the Nigerian…
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PIB passage will not go beyond June – Sylva
The Minister of State for Petroleum Resources Chief Timipre Sylva says that efforts to ensure passage of the Petroleum Industry Bill (PIB) before the National Assembly are still on course. Sylva made this known at an interactive session with newsmen in Abuja on Tuesday. “I want to tell you that PIB is fully on course…
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Passage of Petroleum Industry Bill shifted to May
The President of the Senate, Ahmad Lawan, has said that the National Assembly would pass the Petroleum Industry Bill (PIB) and the Electoral Amendment Bill in May and June, respectively. Lawan stated this while playing host to visiting UK Minister for Africa, James Duddridge, the British High Commissioner to Nigeria, Catriona Laing, and other officials…
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PIB: Nigeria remains best place to invest- Expert
Prof. Wumi Iledare, a Professor of Petroleum Economics, says Nigeria remains best investment destination with effective fiscal framework in the proposed Petroleum Industry Bill (PIB). Iledare disclosed this at an Education Series for Media on reforming the oil and gas sector in Nigeria, in Lagos, on Wednesday. He said that the proposed PIB remained a…
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#TNGPIBConfab: AIT to provide live coverage as discussants proffer solutions to delay in PIB passage
Confirmed. Africa Independent Television will provide live coverage of the #TNGPIBConfab holding on ZOOM on 10th March, 2021. TheNewsGuru.com, TNG), Nigeria and Africa’s leading online news platform and Africa Independent Television (AIT) have joined hands in partnership to hold a one-day colloquium on the fate of the Petroleum Industry Bill (Register for event here). Entitled,…
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We’ll complete legislative actions on PIB, Electoral Act – Senate President
Senate President Ahmad Lawan says the National Assembly will ensure the passage of the Petroleum Industry Bill (PIB), amendment of the Electoral Act as well as Constitution review between January and December 2021. Lawan stated this when he fielded questions from State House correspondents shortly after the signing of the 2021 Appropriation Bill into law…