Senate and House Pass Bill seeking to amend the Deep Offshore and Inland Basin Production Sharing Contract

The National Assembly has passed a Bill seeking to amend the Deep Offshore and Inland Basin Production Sharing Contract Act (click here). The Bill, which originated in the Senate and was passed on 15th October 2019 was adopted in the House of Representatives without amendments at its second reading and passage on Tuesday, 29th October, 2019. The proposed legislation, seeks to improve on the extant…

National Assembly Extends Time Frame for Budget Defence

The Senate and the House of Representatives have deferred plenary sitting to Tuesday, 5th November, 2019 to enable its Standing Sub-Committees conclude budget hearings with Ministries, Departments and Agencies (MDAs). The extension of the time frame scheduled for budget defence came after its brief resumption on Tuesday, 29th October 2019, which was earlier slated for its conclusion after an initial two-weeks break for budget defence.…