Petroleum Industry Bill

Nigeria’s President signs the Petroleum Industry Bill into law

President Muhammadu Buhari has assented to the Petroleum Industry Bill (PIB). The PIB is now referred to as the Petroleum Industry Act (‘PIA’ or ‘the Act’). The Act, which was recently passed by the two houses of the National Assembly, has been in the works since the early 2000s.

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The Petroleum Industry Bill: Matters Arising – Olumide Esan

Olumide Esan, Partner & Energy Tax Leader, Africa, Deloitte, discusses the passage of the Petroleum Industry Bill (PIB) and matters arising.

Petroleum Industry Bill passed by the National Assembly

Petroleum Industry Bill passed by the National Assembly

The Petroleum Industry Bill (‘PIB’ or ‘the Bill’) was passed by the National Assembly on Thursday, 1 July 2021. The Bill, which has been in the works since the early 2000s, will become law once the President has assented to it.

Implications of Nigeria’s Draft Petroleum Fiscal Policy

As part of efforts towards reforming the oil and gas industry, the Ministry of Petroleum Resources (MPR) recently released the Draft National Petroleum Fiscal Policy.