The Petroleum Industry Bill (PIB) on Tuesday passed through for second reading at the House of Representatives after being dogged by controversies among lawmakers several years after its submission by the Executive for passage. Precisely, the PIB was initiated by the Executive Arm of government about 18 years ago to promote transparency in the nation’s […]
Tag: Petroleum Industry Governance Bill – (PIGB)
SEC Working on Crowdfunding Regulation – Uduk
The Acting Director General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk, at the weekend hinted of arrangements being made by the commission to design a framework that would regulate the use of crowdfunding by small businesses to raise capital in the Nigerian Stock Exchange. Uduk, who gave this hint while interacting with […]
CISLAC Urges Executive, NASS On Prioritisation Of PIGB Enactment
The Civil Society Legislative Advocacy Centre (CISLAC) has charged the National Assembly and the Executive to re-visit and prioritize the passage of the Petroleum Industry Governance Bill (PIGB) into law in view of the multidimensional benefits of such legislative action for the economy. In a statement issued by its Executive Director, Ibrahim Musa (Rafsanjani), the […]
CISLAC, Others Carpet President Buhari On Refusal To Sign PIGB
The Civil Society Legislative Advocacy Centre (CISLAC) and other stakeholders in the nation’s oil and gas industry have described President Buhari’s veto of the Petroleum Industry and Governance Bill (PIGB) as not in the nation’s interest. CISLAC in a statement issued by its Executive Director, Auwal Ibrahim Musa, described the President’s action as unfortunate in […]
Why President Buhari Refuses To Sign PIGB – Enang
President Muhammadu Buhari has refused to assent to the Petroleum Industry Governance Bill (PIGB) transmitted to him last month by the National Assembly. The President reportedly hinged his refusal to assent to the bill on the fact that the bill would substantially vitiate the powers of the President, Minister of Petroleum Resources as well as […]
NNPC Unveils Plan To List 40% Shares In Equity Market
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, on Thursday said that 40 per cent of the shares of the state-owned oil entity would be floated on the Nigerian Stock Exchange (NSE) when the Petroleum Industry Governance Bill (PIGB) is enacted. He gave this hint at the 2018 annual […]
Stakeholders Task FG, N/Assembly On PIGB, Others’ Enactment
Stakeholders in the nation’s oil and gas sector on Thursday charged the Executive and Legislative arms of government to finalise the enactment processes of the Petroleum Industry Governance Bill, (PIGB) to improve the performance of the hydrocarbon resources industry. The call came against the backdrop of the fact that the Bill, which had been passed […]