• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

The Petroleum Industry Bill Has A New Name

Chacha Wabara by Chacha Wabara
November 3, 2016
in Business News
Kachikwu Says China May Invest Up To $75.6 billion In Nigeria’s Oil and Gas Sector

Emmanuel Ibe Kachikwu, Minister of state for Petroleum Resources

Share on FacebookShare on TwitterShare on Linkedin

There are indications that the Federal Government is considering renaming the Petroleum Industry Bill (PIB). The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, let this cat out the bag yesterday in Abuja at the Nigeria Gas Association (NGA) 10th international conference.

While discussing the comprehensive nature of the bill, Kachikwu severally referred to it as the Petroleum Reform Bill instead of the Petroleum Industry Bill. For a man of his experience, it cannot be a mistake that he consistently referred to the bill by that name instead of the commonly known PIB.

Regardless of the name change, however, the bill is still expected to deal with current problems encountered in the petroleum sector as well as aid in ensuring the efficient and effective use of the nation’s petroleum resources.

RelatedStories

Ibe Kachikwu’s Jaguar: Former minister denies N9.7 billion bank account deposit

Ibe Kachikwu’s Jaguar: Former minister denies N9.7 billion bank account deposit

August 30, 2021
Gas is the new petrol - FG to Nigerian car owners, intervention fund, NCDMB, output cut, Petroleum Industry Bill to be passed by mid-2020, says Sylva, FG discovers crude oil in north, says there’s more , OPEC, non-OPEC countries to meet as Saudi, Russia price war affects Nigeria’s budget, FG considers fuel price reduction, OPEC deal: Nigeria to generate additional $2.8 billion revenue as FG reacts

Minister says FG will hold equity in trust for federation in new NNPC Limited

August 20, 2021

“The draft bill will capture the key positions including addressing the current gap in the petroleum act by providing clear rules for the exploration, development and utilisation of gas. It would also address other issues that are critically important to government and investors such as the issue of gas flaring, gas pricing, and provide the basis for gas licensing of activities throughout the gas value chain.” Guardian quotes Kachikwu as saying.

Once again harping on the need to boost the gas reserves of the country as well as efficiently utilize them, Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru said that for Nigeria’s gas sector to grow, it requires a new gas policy and an appropriate pricing structure and guarantees for payment.


Follow us for Breaking News and Market Intelligence.
Tags: Dr. Ibe KachikwuNNPC Nigeria NewsPIBPIGB
Chacha Wabara

Chacha Wabara

Chacha Wabara-Ogbobine is a Legal practitioner with over 9years post call experience. A research Consultant, professional writer and a blogger at heart,owner of four thriving websites with well over 10years of experience. Totally in love with keeping fit and coaching weight loss enthusiasts. I love my quiet time, being with my kids, watching TV series for hours on end.

Related Posts

Ibe Kachikwu’s Jaguar: Former minister denies N9.7 billion bank account deposit
Business News

Ibe Kachikwu’s Jaguar: Former minister denies N9.7 billion bank account deposit

August 30, 2021
Gas is the new petrol - FG to Nigerian car owners, intervention fund, NCDMB, output cut, Petroleum Industry Bill to be passed by mid-2020, says Sylva, FG discovers crude oil in north, says there’s more , OPEC, non-OPEC countries to meet as Saudi, Russia price war affects Nigeria’s budget, FG considers fuel price reduction, OPEC deal: Nigeria to generate additional $2.8 billion revenue as FG reacts
Business News

Minister says FG will hold equity in trust for federation in new NNPC Limited

August 20, 2021
PIB: Unlocking investment opportunities in the petroleum sector
Op-Eds

PIB: Unlocking investment opportunities in the petroleum sector

August 17, 2021
NEITI says Nigeria lost $2.77 billion to oil theft in 2019
Business News

PIB signing shows government’s resolve to strengthen governance processes – NEITI

August 17, 2021
Gbajabiamila threaten to issue arrest warrant on Emefiele, CBN Directors
Politics

Passage of PIB a victory for Nigerians – Gbajabiamila

August 17, 2021
N2.34 trillion loan: DMO defends Buhari, says loan captured in 2021 budget
Business News

President Buhari signs Petroleum Industry Bill into law

August 16, 2021
Next Post
Forex: U.S dollar gains strength, global geopolitical climate worsens

MAN Tells CBN It Now Wants $1billion Forex Allocation For Industrialists

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Climate change threatens global data centres, may cause billions in damages—Report  
  • Air Peace aircraft skids off runway after landing at Port Harcourt airport 
  • Weekly Market Wrap: Banks drive the Nigerian stock market to a 7-week winning streak as ASI jumps 4.26% 

Follow us on social media:

Recent News

Climate change threatens global data centres, may cause billions in damages—Report  

Climate change threatens global data centres, may cause billions in damages—Report  

July 13, 2025
Air Peace aircraft skids off runway after landing at Port Harcourt airport 

Air Peace aircraft skids off runway after landing at Port Harcourt airport 

July 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics