Nigeria‘s PIB nears journey’s end [NGW Magazine]
Feb 18, 2021 7:15:am
Summary The Nigerian Petroleum Investment Bill is nearing enactment, but there are still differences between the states and the government over sharing the upstream bounty. [NGW Magazine Volume 6, Issue 4]
by: Omono Okonkwo
Over a decade after first mooted, the Petroleum Industry Bill (PIB) is set to become law this spring. The speaker of the lower chamber of Nigeria’s national assembly, Femi Gbajamiamila, said in January that “we intend to pass this bill by April. That is the commitment we have made. Some may call it a tall order, but we will do it and we will do it with every sense of responsibility without compromising the thoroughness of the work that will be done.”
Court blocks bank accounts of Shell Petroleum in 20 commercial banks tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
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Nigeria: Shell still denies responsibility for decades-old spill as it takes matter to World Bank dispute resolution body
âShell Reports Nigeria to WâBank Panel over Oil Spill Disputeâ 15 February 2021
Royal Dutch Shell Plc along with its Nigerian subsidiary, the Shell Petroleum Development Company (SPDC), has launched arbitration proceedings against the federal government over a long-running dispute with a Rivers community. The oil majorâs Netherlands-registered holding company and SPDC filed the case at the World Bankâs International Centre for Settlement of Investment Disputes (ICSID) on February 10â¦A post on the website of the Washington-based World Bank dispute resolution body, indicated that the hearing of the case marked âShell Petroleum N.V. and The Shell Petroleum Development Company of Nigeria Limited v. Federal Republic of Nigeria (ICSID Case No. ARB/21/7)â was still pending.
Court blocks Shell s accounts in 20 banks over alleged oil theft vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.