Buhari Signs Petroleum Industry Bill Into Law

August 16, 2021
by
Buhari
Buhari

PRESIDENT Muhammadu Buhari has signed the Petroleum Industry Bill (PIB) 2021 into law.

The President who is currently working from home in five days quarantine as required by the Presidential Steering Committee on COVID-19 after returning from London on Friday, assented to the Bill on Monday.

Join our WhatsApp Channel

It is understood that the ceremonial part of the new legislation will be done on Wednesday, after the days of mandatory isolation would have been fulfilled.

The Petroleum Industry Act provides legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities, and related matters.

The Senate passed the Bill on July 15, 2021, while the House of Representatives followed suit on July 16.

Details Later……..

+ posts
Business Owners Need Insurance
Previous Story

Reasons Why Business Owners Need Insurance

Next Story

The Flight Of ‘Common Sense’ In Afghanistan

Featured Stories

Latest from News

4 Dead, 17 Injured in LPG Tanker Explosion on Santiago Highway

At least four people were killed and 17 others injured Thursday morning after a liquefied petroleum gas (LPG) tanker truck overturned and exploded along Route 5 North at the intersection with General Velásquez in the Renca district of Santiago. Authorities said the

El-Rufai: Dadiyata’s Wife Appeals for Help

“We pray that one day, he will come back,” Kadijah, wife of missing lecturer Abubakar Idris, popularly known as Dadiyata, said in a video interview with Ambassador-designate Reno Omokri. She appealed to Nigerians to help find her husband, whose whereabouts remain unknown

At Least 33 Killed in Kebbi State Cattle-Rustling Attack

At least 33 people have been killed in an attack on Bui District in Arewa Local Government Area, Kebbi State, police have confirmed. Spokesman Bashir Usman said suspected cattle rustlers, believed to be Lakurawa militants, carried out the assault after crossing into
Business Owners Need Insurance
Previous Story

Reasons Why Business Owners Need Insurance

Next Story

The Flight Of ‘Common Sense’ In Afghanistan

Don't Miss

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 27th December 2024

What is the Dollar to Naira Exchange rate at the

No Worries, My Victory Is Assured – Adeleke 

Osun State governor-elect, Senator Ademola Adeleke, has indicated his readiness