Breaking: Senate Passes Petroleum Industry Bill, Approves 3% For Host Communities
The Nigerian Senate on Thursday passed the Petroleum Industry Bill and approved 3 per cent for l host communities. The upper chamber passed the PIB, 2021 after the clause by…
BREAKING: Buhari signs Petroleum Industry Bill Into Law
President Muhammadu Buhari Monday signed the controversial Petroleum Industry Bill to law. The Petroleum Industry Bill 2021 was earlier passed by the Nigerian Senate in July, with a 3% allocation…
PDP Demand Immediate Amendment of Petroleum Industry Bill
PDP Demands immediate Amendment of Petroleum Industry Bill The Peoples Democratic Party (PDP) has demanded the immediate amendment of the newly signed Petroleum Industry Act Bill, approved by President Muhammadu…
PIB: Sending 3 Percent Shares Directly To Host Communities Will Cause Crisis – Wike
Governor Nyesom Wike of Rivers State has said there is need for government to monitor how communities spend the 3% equity shares contained in the recently signed petroleum industry act…
PDP’s Criticism of Petroleum Industry Act Irresponsible – APC
The All Progressives Congress, APC, has condemned the Peoples Democratic Party, PDP, over its criticism of the Petroleum Industry Act. This is coming after PDP said the law would not guarantee stability…
PIB: 3% To Host Communities Higher Than 30% of Profit Oil And Gas For Frontier Exploration -Mele Kyari
Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), has explained that the allocation of three percent oil companies operating expense to host communities is higher than…
PIA: Senate Confirms Nigerian Upstream Regulatory Commission Board, Scraps DPR
The Nigerian Senate has confirmed the appointment of board members for the Nigerian Upstream Regulatory Commission. The confirmation of NURC board members was preceded by a consideration of a report…
Niger Delta Communities Harp on Peaceful PIA Processes
Two Niger Delta communities have led the way towards the full implementation of the Petroleum Industry Act (PIA) for all oil bearing communities. This follows a peaceful meeting between Opuama…
PIB: Senate Queries Petroleum Ministry Over Payment of N98.4m for Flyers Printing
The Nigerian Senate has queried the Ministry of Petroleum Resources over the alleged payment of a whopping N98.4 million for the printing of campaign leaflets for a programme to raise…
BREAKING: Pandemonium as Fight Breaks Out At House Of Reps
Though the individuals has not been confirmed, it was gathered that they are members of the oil host communities who had come to make presentations on the bill. The venue…