Petroleum Africa
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Monday, January 22, 2018
Nigeria has moved closer to turning its long-anticipatedpetroleum industry bill (PIB) into law. Nigeria’s lower house of parliament passed a version of the bill which is the same as one approved by the Senate last year. This is the first time both houses have approved the same version of the bill. To officially be made into law the PIB will need the president’s signature.
The legislation was broken up into sections to help get it through.The House of Representatives passed the first part called the Petroleum Industry Governance Bill (PIGB) on January 17.
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