The Senate has received a joint committee report on the Petroleum Industry Bill.
The bill was laid before the Senate by the Chairman of the Committee on Petroleum (Downstream), Senator Mohammed Sabo.
President of the Senate, Ahmed Lawan said the report will be carefully studied for three days for further consideration.
President Muhammadu Buhari sent the bill to the National Assembly in September last year.
The bill aims to modernise the petroleum industry and attract more investors into the sector.
Meanwhile, the Senate on Tuesday approved the nomination of Mr Kolawole Oladipupo Alabi As Executive Commissioner, Federal Competition and Consumer Protection Commission.
The appointment was followed by the report of the Committee on Trade and Investment, submitted at the floor of the Senate on Tuesday by committee chairman, Senator Fadahunsi Adenigba (Osun-East).