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Posts Tagged "pib"

HomePosts Tagged "pib"

Femi Asu Nigeria has lost about $235bn worth of investments on the back of the failure to reform the oil and gas industry, even as the Federal Government struggles to pay up over $9bn cash call arrears to oil firms. Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of […]

  • Kachikwu

Okechukwu Nnodim, Abuja The prolonged delay in the passage of the Petroleum Industry Bill will end soon as it will become a law this year, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said. He stated that his ministry would work to increase the revenue of the Federal Government, adding that more […]

By Camillus Eboh ABUJA Nov 3 (Reuters) – Nigeria’s Senate has moved forward a first piece of much-delayed legislation to tackle long-standing problems in managing the nation’s oil wealth, aiming to agree details for full consideration in just four weeks, lawmakers said. The Petroleum Industry Bill (PIB), stuck in parliament for a decade, aims to […]

ABUJA Oct 4 (Reuters) – Nigeria’s lawmakers will prioritise and fast-track the passage of a long-awaited bill to reform the OPEC member’s petroleum industry, the Senate president’s office said on Tuesday. The petroleum industry bill (PIB), which covers everything from an overhaul of state oil company NNPC to taxes on upstream projects, has been stuck […]