PIB Archives - The Glitters Online https://theglittersonline.com.ng/tag/pib/ A voice for the people Mon, 16 Aug 2021 19:09:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.9 119911796 OPEC Congratulates Buhari On Signing PIB Into Law https://theglittersonline.com.ng/opec-6/ Mon, 16 Aug 2021 19:09:05 +0000 https://theglittersonline.com.ng/?p=216997 OPEC Congratulates Buhari On Signing PIB Into Law The Organisation of Petroleum Exporting Countries (OPEC) has congratulated President Muhammadu Buhari for signing into law the Petroleum Industry Bill (PIB). The Secretary General of OPEC, Dr Mohammed Barkindo, said this in a congratulatory letter released to NAN on Monday. “I wish to extend my congratulations to […]

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]]> 216997 PIB: Senator Cautions Niger Delta Lawmakers Against Instigating Statements https://theglittersonline.com.ng/pib-9/ Sat, 24 Jul 2021 05:13:52 +0000 https://theglittersonline.com.ng/?p=215323 PIB: Senator Cautions Niger Delta Lawmakers Against Instigating Statements Sen Biobarakuma Degi-Eremienyo (APC – Bayelsa East) has urged Niger Delta senators not to instigate violence in the region by making malicious and unfounded statements over the recently passed Petroleum Industry Bill (PIB). The lawmaker made the call at a news conference on Friday in Abuja […]

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]]> 215323 Passed PIB Scandalous, Niger Delta Group Declares https://theglittersonline.com.ng/pib-8/ Mon, 05 Jul 2021 05:31:57 +0000 https://theglittersonline.com.ng/?p=213850 Passed PIB Scandalous, Niger Delta Group Declares The Niger Delta Congress (NDC) has picked holes in the newly passed Petroleum Industry Bill (PIB), saying it came as “one legislation too many, aimed at purloining the resources of Niger Delta.” In a statement Sunday by its acting spokesman, Ovunda C. Eni, the group said the “disappointing […]

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]]> 213850 PIB: Uproar As Senate Slashes Host Community Share To 3% Of Oil Profit https://theglittersonline.com.ng/pib-7/ Thu, 01 Jul 2021 18:23:08 +0000 https://theglittersonline.com.ng/?p=213647 PIB: Uproar As Senate Slashes Host Community Share To 3% Of Oil Profit As the Senate passed the much desired Petroleum Industry Bill (PIB) on Thursday thirty per cent of profits accruing from oil and gas operations by the Nigeria National Petroleum Corporation (NNPC) is now to be set aside for exploration of oil in […]

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]]> 213647 PIB Will Address Infrastructure Deficit In Oil Producing Areas https://theglittersonline.com.ng/pib-will-address-infrastructure-deficit-in-oil-producing-areas/ Wed, 03 Mar 2021 20:56:43 +0000 https://theglittersonline.com.ng/?p=205498 PIB Will Address Infrastructure Deficit In Oil Producing Areas   Sen. Albert Akpan, the Chairman of the Senate Committee on Petroleum Resources Upstream, says the Petroleum Industry Bill (PIB) will provide a framework for addressing infrastructure deficit in oil-producing areas. Akpan said this on Wednesday when members of a team of the joint Committee on […]

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]]> 205498 PIB: Host Communities Insist On 10% Equity Share https://theglittersonline.com.ng/pib-6/ Mon, 01 Feb 2021 05:01:24 +0000 https://theglittersonline.com.ng/?p=203622 PIB: Host Communities Insist On 10% Equity Share By Taiye Lawal There are indications that the Petroleum Industry Bill (PIB) may suffer setback if the Federal Government fails to approve the 10 per cent of operational gains being demanded by the Host Communities of Nigeria Producing Oil and Gas (HOSTCOM.) While the government proposed 2.5 […]

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]]> 203622 PIB: Free-For-All At NASS Over Who Speaks For N-Delta https://theglittersonline.com.ng/pib-5/ Fri, 29 Jan 2021 05:28:57 +0000 https://theglittersonline.com.ng/?p=203458 PIB: Free-For-All At NASS Over Who Speaks For N-Delta   Lawmakers scampered for safety, Thursday, on the second day of the public hearing on the Petroleum Industry Bill, PIB, organised by the House of Representatives, as some members of host communities in the Niger Delta exchanged blows over harmonised leadership presentation directed by the House. […]

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]]> 203458 PIB: Niger Delta Host Communities Demand Ownership, Control Of Trust Funds https://theglittersonline.com.ng/pib-3/ Sat, 21 Nov 2020 12:25:09 +0000 https://theglittersonline.com.ng/?p=199540 PIB: Niger Delta Host Communities Demand Ownership, Control Of Trust Funds By Taiye Lawal Stakeholders in host communities of the Niger Delta Region have demanded ownership and control of the host communities’ trust funds proposed in the Petroleum Industry Bill (PIB) for the development of oil-bearing areas. The stakeholders also demanded an increment in the […]

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]]> 199540 PIB: FG To Add Strategic Reserves’ Financing Cost To Fuel Price https://theglittersonline.com.ng/pib-2/ Sun, 25 Oct 2020 19:42:12 +0000 https://theglittersonline.com.ng/?p=198000 PIB: FG To Add Strategic Reserves’ Financing Cost To Fuel Price   The Federal Government is proposing the addition of the costs of managing the national strategic stocks of petroleum products to the retail price of the commodities. The proposal, which is included in the 2020 Petroleum Industry Bill, PIB, currently before the National Assembly, […]

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