Africa’s largest oil producer and exporter, Nigeria, is expected to pass its new petroleum bill—twenty years in the making—as early as Wednesday, despite last-minute amendments that have created some controversy. The country’s petroleum industry bill was submitted at the Senate at the end of last month. The Petroleum Industry Bill (PIB) has been two decades in the making to overhaul the way Nigeria will share its oil resources with international oil companies and aim to attract new investment in oil and gas. Community leaders in Nigeria’s oil-rich regions want changes to the latest version of the bill, asking for a larger share of revenues for the community. According to an analysis by Reuters , the lawmakers in Nigeria could give their final approval to the bill as early as on Wednesday, although some debate had arisen due to provisions the Senate has added in recent days. One of them […]