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PIB: Reps to pass bill into law in April


By Levinus Nwabughiogu
Stakeholders and players in the oil and gas sector of the Nigerian economy Wednesday took turns to highlight the significant good inherent in the proposed Petroleum Industry Bill, PIB currently undergoing legislative scrutiny in the national assembly.
The was as the Speaker of the House of Representatives, Femi Gbajabiamila assured that the bill would be passed into law in April this year.
The stakeholders which included the Minister of State for Petroleum Resources, Chief Timipre Silva, the Group Managing Director, GMD, of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari and the Chairman of the Federal Inland Revenue Service, FIRS, Mohammed Nami said that bill when promulgated into law would promote economic growth and bring about the needed vigour and transparency that would in turn engender productivity in the petroleum industry. ....

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How PIB'll promote economic growth, ensure transparency in oil, gas sector — Minister, NNPC, FIRS


… Organized labour disagrees with the creation of multiple regulatory agencies
…oil-producing States push for inclusion into board membership
By Levinus Nwabughiogu-Abuja
Stakeholders and players in the oil and gas sector of the Nigerian economy yesterday took turns to highlight the significant-good inherent in the proposed Petroleum Industry Bill, PIB currently undergoing legislative scrutiny in the national assembly.
The was as the Speaker of the House of Representatives, Femi Gbajabiamila assured that the bill would be passed into law in April this year.
The stakeholders which included the Minister of State for Petroleum Resources, Chief Timipre Sylva, the Group Managing Director, GMD, of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari and the Chairman of the Federal Inland Revenue Service, FIRS, Mohammed Nami said that bill when promulgated into law would promote economic growth and bring about the needed vigour and transparency that would ....

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PIB: Group, host communities clash over 2.5% trust fund


Punch Newspapers
Sections
Sunday Aborisade, Abuja
The Senate commenced consideration of the Petroleum Industry Bill on Monday with the Women in Energy Network rejecting the 2.5 per cent the host communities are demanding from the investors in the oil and gas sector as annual levies.
The host communities started their demand when they asked for 10 per cent net profit in PIB 2012.
They reduced it to five per cent of actual expenditure in 2018 before they further cut it to the 2.5 per cent of actual operating expenditure in the PIB 2020.
Fresh consideration of the bill resumed on Monday at the opening of a two-day public hearing jointly organised by the Senate Joint Committee on Petroleum Sector (Downstream); Petroleum Resources (Upstream); and Gas. ....

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COVID-19 protocols: FG threatens to shut down NYSC camps


COVID-19 protocols: FG threatens to shut down NYSC camps
Published
The Federal Government has vowed to close any National Youth Service Corps (NYSC) Orientation Camp where the state government does not comply with all the COVID-19 protocols.
Minister of Youths and Sports, Sunday Dare, disclosed this at the Presidential Task Force briefing on Monday, NAN reports.
Dare disclosed that over 700 corps members from the current batch tested positive for coronavirus.
The cases are from over 22,000 participants tested.
The minister said it had become necessary that all safety protocols be adhered to in camps.
“Any orientation camp that is not obeying the protocol will simply be closed as the NYSC cannot afford to risk the lives and health of corps members,” he stressed.. ....

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