PIB

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PIB: Niger Delta leaders, stakeholders differ

PIB: Niger Delta leaders, stakeholders differ

STAKEHOLDERS of Niger-Delta disagreed, yesterday, on some important provisions in the newly-passed Petroleum Industry Bill, PIB, by the National Assembly, as some leaders stated the measly three-five per cent equity share to host communities would trigger crisis in due course, while others said it was another landmark by President Muhammadu Buhari administration.

Positive reactions, as NASS passes PIB with two regulators

Positive reactions, as NASS passes PIB with two regulators

Experts and other stakeholders working in Nigeria’s petroleum industry have expressed optimism that reforms needed to grow the sector would happen following the passage of the Petroleum Industry Bill, PIB, by the National Assembly on Thursday.

PIB: Host communities kick as Reps peg equity stake at 5%; Senate 3%

PIB: Host communities kick as Reps peg equity stake at 5%; Senate 3%

The passage into law of the controversial Petroleum Industry Bill, PIB, has not gone down well with the Niger Delta host communities, as the Senate gave host communities only three percent equity holding in Host Communities Trust Fund, as against the 10 percent people of the oil-producing areas demand.

PIB: S-South senators, others set for showdown today

PIB: S-South senators, others set for showdown today

STRONG indications emerged, yesterday that South-South senators and others from the oil-producing states are poised for a showdown today as the Senate considers the report of the Joint Committee on Petroleum (Downstream) Petroleum (Upstream) and Gas Resources Petroleum Industry Bill, PIB.