PIB Archives | Ibe Kachikwu

7th October 2021

Senate Confirms Nigerian Upstream Regulatory Commission Leadership; Scraps DPR

According to the requirements of the newly approved Petroleum Industry Act (PIA), the Nigerian Senate confirmed the nomination of board members of the Nigerian Upstream Regulatory Commission (NURC), resulting in...

19th August 2021

President Buhari Appoints Implementation Committee for Petroleum Industry Act

Following President Muhammadu Buhari's signing of the Petroleum Industry Bill into law on Monday, August 17th, 2021, the President has authorised the formation of an implementation committee to begin the...

18th August 2021

NIGERIA’S PETROLEUM INDUSTRY ACT – A TIMELINE OF EVENTS

From the founding of the Oil and Gas Reform Implementation Committee (OGIC) to the formation of the Petroleum Industry Bill (PIB) to the passage(s) of the Bill to the final...

16th August 2021

Nigeria: President Buhari Signs PIB into Law

President Muhammadu Buhari signed the Petroleum Industry Bill (PIB) 2021 into law on August 16, 2021, according to a statement by the Special Adviser on Media and Publicity, Femi Adesina....

7th July 2021

PIB: Nigerian Refineries will be Able to Purchase Domestic Crude in Naira

Holders of Nigerian refining licences can pay for domestic crude oil supplies in either naira or US dollars, according to the newly passed Nigerian Petroleum Industry Bill (PIB) by the...

15th January 2021

Nigeria: Senate President Assures Work Will Resume on the PIB Soon

At a forum in the Federal Capital Territory of Nigeria, Abuja, on Tuesday, 12th January 2021, the President of the Senate, Ahmad Lawan, said the implementation of Nigeria's Petroleum Industry...

29th November 2020

State-owned Oil Refineries were Intentionally Shut Down – NNPC GMD

Appearing before the House of Representatives of Nigeria's Committee on Petroleum Upstream on Thursday, 26th November 2020, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari,...

6th October 2020

Nigeria: PIB Proposes the Creation of Midstream Gas Infrastructure Fund, MDPRA

The Nigerian Petroleum Industry Bill 2020 is said to be proposing the establishment of a new intervention Fund to be called the Midstream Gas Infrastructure Fund, and a new regulatory...

28th September 2020

NIGERIA: PIB will Commercialise NNPC not Scrap the Oil Company

Contrary to reports concerning the provisions of the Bill sent to the National Assembly by the President of Nigeria, the Minister of State for Petroleum Resources, Timipre Sylva, has dismissed...

28th September 2020

President Buhari Sends PIB to Nigeria’s National Assembly

President Muhammadu Buhari has reportedly sent the Petroleum Industry Bill 2020 to the National Assembly for it to be reviewed and passed. The much-awaited bill has been in the works...