The House of Representatives has passed the Petroleum Industry Bill (PIB). The House Committee of the Whole, on Thursday, considered the report of the Ad hoc Committee on PIB and passed the bill. The report was laid on Wednesday by the Chairman of the Ad hoc Committee, Mohammed Monguno (APC, Borno). The 318 clauses...
The Minister of State for Petroleum Resources, H E. Timipre Sylva has been honoured by a team of journalists under the auspices of Corruption Reporter, for his leadership role in the fight against corruption in the Petroleum Industry. Speaking on behalf of the team, Mrs Adaora Onyechere, a member board...
Trade experts and operators of SMEs in Nigeria have called for a legislation and presidential Executive Order to streamline taxation of small businesses to expand their survival rate and capacity for Africa Continental Free Trade Area (AfCFTA). Speaking at a webinar organised by the Policy Centre of Abuja Chamber of...
The Central Bank of Nigeria (CBN), in its bid to moderate and control the prices of maize in the Nigerian market, has approved the release of 50,000 metric metric tonnes of maize to 12 major producers, from strategic maize reserve (SMR) under the Anchor Borrowers’ Programme (ABP). The release of...
The Securities and Exchange Commission has said that the Non Interest Capital Market has so much potential in Nigeria as it has the prospect of attracting a large pool of untapped investor base who have apathy to conventional instruments, to participate in capital market as well as the existing...
As part of efforts to promote facility management practices in Nigeria, a Stakeholders Round Table. The first of its kind, the roundtable has been put together by the Nigerian National Mirror Committee (NMC) of the International Organisation for Standardisation (ISO) Technical Committee (TC) on the subject (ISO/TC 267). It is to be...
Vice President Yemi Osinbajo said there was need for Micro Small and Medium Enterprises (MSMEs) to leverage technology to improve their performances. Osinbajo made this call while featuring at the National MSMEs Discourse, titled ‘’Little Beginning, Huge Impact,’’ on Thursday in Abuja. The vice president was represented by the Minister of...
The Securities and Exchange Commission has stated that it recognizes the importance of digital platforms for democratizing access to capital market products and services for greater financial inclusion in the capital market. This was stated by Director General of the SEC Mr. Lamido Yuguda. Yuguda who was represented by the Executive...
The Nigerian National Petroleum Corporation (NNPC) is collaborating with the Economic and Financial Crimes Commission (EFCC), Department of State Services (DSS), Nigeria Police Force (NPF), Nigeria Customs Service (NCS), Nigeria Security and Civil Defence Corps (NSCDC) and other relevant downstream and upstream stakeholders in the petroleum industry to curb...
The Chairman of the Economic and Financial Crimes Commission EFCC, Abdulrasheed Bawa has vowed that smugglers of Premium Motor Spirit (PMS) in the country will face the full wrath of the law. Bawa issued this stern warning today, Tuesday 22 June, while making a remark during a stakeholders’ engagement on...