House'll Pass PIB Into Law In April, Says Gbajabiamila       Speaker, House of Representatives, Femi Gbajabiamila has reiterated the commitment of the parliament to passing the Petroleum Industry Bill, PIB into law in April this year. The Speaker gave the assurance while making his remarks at the...

Reps, CBN, Customs To Fast-track Export Processing Automation         The House of Representatives has asked the Central Bank of Nigeria and the management of the Nigeria Customs Service to fast-track the automation of export processing at the port to avoid delays which has resulted in huge...

Ports Without Scanners, Threat To National Security - House         The House of Representatives’ Technical Committee on Customs and Excise has warned that the lack of scanners at the ports across Nigeria poses threat to the nation’s security. Chairman of the committee, Leke Abejide, said the unavailability...

NAICOM, NIA Clash Over Recapitalisation Of Insurance Firms       The National Insurance Commission, NAICOM, and the Nigerian Insurance Association, NIA, have disagreed over the appropriate recapitalisation model for insurance firms. While NAICOM has stipulated the general capital requirements for the different categories of the insurance business and...

President Buhari To Sign 2021 Budget On Thursday       Barring any last minute change in plan, President Muhammadu Buhari will sign the 2021 Appropriation Bill into law on Thursday. The National Assembly had last Monday passed the N13.58tn budget for the next fiscal year. It had been the...

Nigeria Risks Losing 38% Deepwater Oil Output 2025 - Operators         The fiscal terms in the current Petroleum Industry Bill may lead to a 38 per cent reduction in Nigeria’s deepwater oil production in 2025, an industry group comprising international and indigenous oil firms in the...