Tag: PIB
Buhari: Nigeria lost investments worth $50bn to non-passage of PIB
President Muhammadu Buhari has disclosed that Nigeria lost $50 billion worth of investments in the past 10 years due to ...
Petroleum Industry Act will bring real and last benefits, Buhari tells host communities
President Muhammadu Buhari has called on host communities to accept the provisions of the Petroleum Industry Act (PIA). This appeal ...
PIA: Petrol price increase not automatic, says Timipre Sylva
Minister of state for petroleum resources, Timipre Sylva has stated that the signing of the Petroleum Industry Bill (PIB) may ...
PIA: Why NNPC will cease to exist within six months, says Kyari
The federal government has stated that the Nigerian National Petroleum Corporation (NNPC) will cease to exist within the next six ...
3% allocation to host communities in Petroleum Industry Act is unfair, says Rewane
Managing director of Financial Derivatives Company (FDC), Bismarck Rewane has stated that 3 percent allocation for oil-producing communities in the ...
PANDEF slams Buhari for signing PIB into law despite outcry
The Pan Niger Delta Forum (PANDEF) has stated that the signing of the Petroleum Industry Bill (PIB) into law by ...
PIB: 5% for host communities shouldn’t be contentious – Peter Obi
Former governor of Anambra state, Peter Obi has stated that allocating five percent of the operating expenditure of oil firms ...
Senate passes harmonised Petroleum Industry Bill
The Senate on Thursday passed the harmonised Petroleum Industry Bill which was produced by a conference committee of both chambers ...
Senate approves Buhari’s $8.3 billion, €490 million external loan request
The Senate has approved the $8.3 billion (N8,325,536,537) loan request by President Muhammadu Buhari. The upper chamber also approved a ...
Malami defends Twitter ban, says it is in national interest
Abubakar Malami, the attorney general of the federation (AGF) and minister of justice has stated that the decision to ban ...
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