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

Khamenei’s Death Brings Hope, Instability — EU

Top European Union officials said on Sunday that the reported killing of Iran’s Supreme Leader Ayatollah Ali Khamenei in US-Israeli strikes could open a new chapter for the country, but warned it carries serious risks of regional instability. EU High Representative Kaja

Iran Appoints Interim Leadership Council After Khamenei’s Death

Iran on Sunday named Ayatollah Alireza Arafi to an interim leadership council following the reported killing of Supreme Leader Ayatollah Ali Khamenei. “The Expediency Discernment Council has elected Ayatollah Alireza Arafi as a member of the interim leadership council,” said council spokesman Mohsen

Senate to Fast-Track Constitutional Amendment for State Police

Senate has pledged to complete the amendment of the 1999 Constitution to allow the creation of state police before the end of 2026. Senate spokesperson Yemi Adaramodu said recently that the upper chamber would resume work on the constitutional review once plenary

CIA-Guided US-Israeli Strikes Killed Khamenei — Report

CIA intelligence reportedly helped guide the US and Israeli strikes that killed Iran’s Supreme Leader, Ayatollah Ali Khamenei, the New York Times reported Sunday. The strikes on Tehran, confirmed by Iranian state media, came after the United States and Israel vowed to
Business Owners Need Insurance
Previous Story

Reasons Why Business Owners Need Insurance

Next Story

The Flight Of ‘Common Sense’ In Afghanistan

Don't Miss

NERC Unveils Power Outage Reporting App, Begins With Abuja DisCo

Industrialists Back Aba Power, Flay TCN, Market Operator 

Industrialists in Aba, Abia State, have risen in defence of

NAFDAC Issues Alert On Recalled Peanut Products

The National Agency for Food and Drug Administration and Control