Petroleum Industry Bill Archives | Page 3 of 3

Discretionary allocation of oil blocks could be revoked

The house of representatives ad-hoc committee on the petroleum industry bill (PIB) has recommended that the discretionary power of the president to grant licences and leases be removed. In its

Mark: We will pass PIB before May 29

Senate President David Mark has assured Nigerians as well as stakeholders in the oil industry that the petroleum industry bill (PIB) will be passed before the end of the 7th

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B’Haram: Senate to treat GEJ’s bid for $1bn loan

The senate intends to urgently consider President Goodluck Jonathan’s request for a $1bn loan to tackle security challenges in the northeastern part of the country, chairman of the senate committee on rules and

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Like House, Senate to expedite action on PIB

Deputy Senate President, Ike Ekweremadu, has assured Nigerians and stakeholders in the Petroleum sector that the National Assembly would fast-track its work on the Petroleum Industry Bill (PIB). He gave the promise

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