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Tag "PIB"

PIA: Petrol price increase not automatic, says Sylva

    PIA: Petrol price increase not automatic, says Sylva

Timipre Sylva, minister of state for petroleum resources, says the signing of the Petroleum Industry Bill (PIB) may not automatically translate to a hike in pump price of premium motor

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PDP: PIB signed by Buhari won’t guarantee stability in oil sector, Niger Delta

    PDP: PIB signed by Buhari won’t guarantee stability in oil sector, Niger Delta

The Peoples Democratic Party (PDP) says signing the Petroleum Industry Bill (PIB) into law will not guarantee desired stability and development of the Nigerian oil and gas sector and the

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Mele Kyari: Host communities to get $500m annually from PIA

    Mele Kyari: Host communities to get $500m annually from PIA

Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), says host communities of oil companies in the Niger Delta could get $500 million annually from the new

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PIA: NNPC will cease to exist within six months, says Mele Kyari

    PIA: NNPC will cease to exist within six months, says Mele Kyari

The federal government says the Nigerian National Petroleum Corporation (NNPC) will cease to exist within the next six months as specified by the Petroleum Industry Act (PIA). Speaking with Arise

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Newspaper Headlines: Petrol may sell for N300 as Buhari signs PIB into law

  Newspaper Headlines: Petrol may sell for N300 as Buhari signs PIB into law

The reactions to the signing of the Petroleum Industry Bill (PIB) into law by President Muhammadu Buhari dominated the headlines

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Rewane: 3% allocation to host communities in Petroleum Industry Act is unfair

  Rewane: 3% allocation to host communities in Petroleum Industry Act is unfair

Bismarck Rewane, managing director, Financial Derivatives Company (FDC) Limited, says 3 percent allocation for oil-producing communities in the Petroleum Industry

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‘It’s a callous act’ — PANDEF hits Buhari for signing PIB into law ‘despite outcry’

  ‘It’s a callous act’ — PANDEF hits Buhari for signing PIB into law ‘despite outcry’

The Pan Niger Delta Forum (PANDEF) says the signing of the Petroleum Industry Bill (PIB) into law by President Muhammadu

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PIB: 5% for host communities shouldn’t be contentious, says Peter Obi

  PIB: 5% for host communities shouldn’t be contentious, says Peter Obi

Peter Obi, former governor of Anambra state, says allocating five percent of the operating expenditure of oil firms to host

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Edwin Clark: South-south neglected — only APC members benefit from oil revenue

  Edwin Clark: South-south neglected — only APC members benefit from oil revenue

Edwin Clark, Ijaw leader, has alleged that only members of the All Progressives Congress (APC) benefit from crude oil revenue.

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PIB and 3% fund for host communities?

  PIB and 3% fund for host communities?

A major reason why identified problems don’t ever get solution in Nigeria is because we have elites who prefer to

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