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Senate Passes Petroleum Industry Governance Bill
The Nigerian Senate has passed the long-awaited Petroleum Industry Governance Bill after a clause-by clause consideration of the report of its Joint Committees on Petroleum Upstream, Petroleum Downstream and Gas. Presenting the report on the Bill, at the Senate plenary of Thursday 25th May 2017, Chairman of the Joint Committees, Sen. Omotayo Alasoadura( APC: Ondo) […]

House Votes Against Giving Legislative Approval To Nnpc’s Budget
The House of Representatives at plenary on Thursday, 25th May 2017 rejected a Bill seeking to amend the Nigerian National Petroleum Corporation (NNPC) Act, 2004. The amendment sought to enable legislative approval of the Nigerian National Petroleum Corporation’s (NNPC) budgetary expenditure and enhance financial and fiscal Discipline in NNPC’s transactions– (HB 571). Leading the debate […]

Senate Suspends Passage Of The Customs Service Bill
The Senate suspended the passage of the Nigerian Customs Service (NCS) Management (Repeal and Re-enactment) Bill following the inability of Members to reach an agreement on a provision (Clause 17) regarding Import Duty Payment which seeks to increase Administrative Charge of 1% on FOB (Free on Board) value of import paid by importers to 2.5% […]

Execution Of Federal Projects Bill Scales Second Reading In The House Of Representatives
The Bill titled ” A Bill for an Act to Regulate the Execution of Federal Government Projects by State Government, Provide for procedures to undertake such projects, financing, supervision/monitoring refund/reimbursement of Money spent thereto and for other related matters”- HB 548 passed second reading in the House of Representatives. Leading the debate on the Bill, […]

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