By Henry Umoru
ABUJA- STRONG indications have emerged that the controversial Petroleum Industry Governance Bill (PIB) would soon be passed as the Senate has concluded plans to hold a public hearing on it Wednesday.

The Petroleum Industry Governance Bill (PIB) passed second reading on Tuesday, November 1st, 2016.

The PIB governance legislation, which has been stalled in successive Assemblies, has reached its fastest stage in 16 years.

When passed, it would set the stage for the breaking up of the Nigerian National Petroleum Corporation (NNPC) into two commercial entities which will be limited by shares.

The two entities will be known as the National Petroleum Company and the National Assets Management Company.