Tag "Petroleum Industry Governance Bill (PIGB)"

    PIB: Don’t shower lawmakers with gifts, Saraki warns oil companies

PIB: Don’t shower lawmakers with gifts, Saraki warns oil companies

Senate President Bukola Saraki has warned oil companies not to induce lawmakers during the consideration and passage of the fiscal and host communities bill. The bill is one of the four parts of the petroleum industry bill. According to a statement by Sanni Onogu, Saraki’s chief press secretary, the lawmaker made this statement while speaking on Tuesday. The bill, which seeks reforms in [...]

0 comment Read Full Article

Split of NNPC… and 10 highlights of PIGB

On Thursday, the 8th senate passed the petroleum industry governance bill (PIGB) after years of unsuccessful attempt by the previous assemblies. The bill seeks to establish the Nigerian petroleum regulatory commission which will be responsible for licensing, monitoring, supervising petroleum operations. The PIGB passed is the first part of the petroleum industry bill (PIB) which was broken down into five parts for [...]

0 comment Read Full Article
    NEITI: PIGB will eliminate huge losses in petroleum sector

NEITI: PIGB will eliminate huge losses in petroleum sector

The Nigeria Extractive Industries Transparency Initiative (NEITI) says passage of the Petroleum Industry Governance Bill (PIGB) will eliminate huge losses in the petroleum sector. The agency said this in a statement issued by Orji Ogbonnaya Orji, its director of communications. NEITI also called for a speedy passage in the house of representatives for a concurrence to the bill. He described the passage of the [...]

0 comment Read Full Article
    Q&A: 9 things to know about PIGB

Q&A: 9 things to know about PIGB

The senate passed the petroleum industry governance bill (PIGB), which is the first part of the petroleum industry bill (PIB) PIB has been in the works since the tenure of former President Olusegun Obasanjo who led Nigeria between 1999 and 2007. Here are nine questions to help you understand what the bill is all about. Q: When did all this reformation talk start? A: Efforts [...]

1 comment Read Full Article
Advertisement
Advertisement
Advertisement

Advertisement

Exchange Rates

March 25, 2019USDGBPEUR
INTERBANK306397354
LAGOS380478402
KANO375477498
PH380478498
ABUJA375476400
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement