With less than a week until the latest deadline to pass the long-awaited Petroleum Industry Bill (PIB), recent developments reveal that a deal to provide 10% of derived oil revenue to host towns, rather than the existing 2.5 percent, could prolong the bill's passage into late this year. Four sources told Reuters on Wednesday that...for further reading, click on https://businessday.ng/energy/oilandgas/article/june-passage-of-pib-suffers-fresh-delay-over-increase-revenue-for-host-communities/
Source: BusinessDay Newspaper Jun 23, 2021