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PIB: What you need to know about proposed law to regulate Nigeria s oil industry

8 min read After a 20-year journey, the Petroleum Industry Bill (PIB) on Thursday crossed a major landmark as the two chambers of the National Assembly considered the reports of their respective committees on the bill. The beginning of the bill could be traced to the Oil and Gas Reforms Committee (OGRC) constituted by former President Olusegun Obasanjo’s administration. The report of the committee formed parts of the bill which was first introduced to the National Assembly by former President Umar Yar’Adua’s administration in 2008. Mr Yar’Adua had constituted a committee on the implementation of the OGRC report. A subcommittee chaired by Yinka Omorogbe drafted the bill but that particular bill was marred by controversy. Segun Adeniyi, the spokesperson of the late president, detailed some of the controversies that bedevilled the bill in his book: Power, Politics and Death.

Nigeria generalTimipre sylvaSegun adeniyiKingsley chimaUmar yaraduaMuhammadu buhariGoodluck jonathanTayo alasoaduraOvie omo agegeMike sangsterYinka omorogbeOlusegun obasanjoLagos chamberPetroleum resourcesOil producer traders sectionPt mag campaign

PIB: Light at the End of Tunnel?

Last Thursday, the National Assembly finally passed the much-talked-about Petroleum Industry Bill, after a tortuous two decade-long sojourn. Emmanuel Addeh asks if the bill, now awaiting the assent of President Muhammadu Buhari, after harmonisation by the lawmakers, would see the light of the day From all indications, it appears that the Petroleum Industry Bill (PIB) may finally see the light of day and eventually serve as the framework for operations in the oil and gas industry, having suffered several setbacks for close to 20 years, from the period the entire process first started. Although, in the past, there had been several attempts to pass the law, such moves, in the end, have always ended in utter failure. Even in some cases when the national assembly succeeded in passing it, the president wouldn’t give his assent.

Sergius ogunTimipre sylvaMohammed saboUmar yaraduaAhmed lawanMuhammadu buhariGoodluck jonathanRilwanu lukmanMike sangerKen robinsonOgbonnaya orjiUmar musa yaraduaBayo ojulariEmmanuel addehPetroleum resourcesPetroleum industry governance bill

EXCLUSIVE: PIB: Reps meet Sylva, Kyari, set to pass bill in July

EXCLUSIVE: PIB: Reps meet Sylva, Kyari, set to pass bill in July
premiumtimesng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from premiumtimesng.com Daily Mail and Mail on Sunday newspapers.

Ahmad lawanUmar yaraduaMuhammadu buhariGoodluck jonathanMike sangsterBen kaluTimipe sylvaMele kyariInternational oil companies iocsLagos chamberExxon mobilPt mag campaignNational assemblyOil producers trade sectionPetroleum industry billGroup managing director

NCDMB, NEXIM sign $30m MoU on sector retrenchments

NCDMB, NEXIM sign $30m MoU on sector retrenchments
punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.

Abuja federal capital territorySimbi wabotePetroleum technology association of nigeriaBank onOil producers trade sectionPetroleum producers groupNigerian content development monitoring boardNigerian export import bankManaging directorAbba belloIndependent petroleum producers groupPetroleum technology associationகூட்டாட்சியின் மூலதனம் பிரதேசம்பெட்ரோலியம் தொழில்நுட்பம் சங்கம் ஆஃப் நைஜீரியாவங்கி ஆன்எண்ணெய் ப்ரொட்யூஸர்ஸ் வர்த்தகம் பிரிவு

Nigeria s oil reform bill: What s at stake

Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy. Nigeria lures just a tiny fraction of oil and gas investment in Africa, even though it is the continent’s largest crude producer and has significant untapped reserves. The sector has a reputation for corruption, inefficiency and problems ranging from high production costs to unrest sparked by environmental damage and lack of development for local communities where oil is extracted. To address these and maximise oil revenues for an OPEC-member country that records among the world’s highest poverty rates, the Nigerian government has been working for 15 years on new regulations.

Bayelsa statePreye osekeMike sangsterWood mackenzieGail andersonNational assemblyNational assembly adhoc committeeNigeria national petroleum commissionOil producers trade sectionPetroleum industry billJoint national assembly adhoc committeeSouthern ijawமைக் ஸ்யாஂக்ஸ்டர்மரம் மெக்கன்சிகெயில் ஆண்டர்சன்தேசிய சட்டசபை