Buhari Writes Senate, Seeks Amendments To PIA           President Muhammadu Buhari has asked the Senate to amend certain provisions of the controversial Petroleum Industry Act. The joint National Assembly committees that worked on the PIB had proposed a five per cent equity share for the development of...

President Seeks Senate Approval For Fresh $4.179bn, €710m External Loans             President Muhammadu Buhari has formally sent a letter to the Senate seeking its consideration and approval of $4.179 billion ($4.054 billion and $125 million) as well as £710 million external loans to fund projects captured...

Buhari May Present 2022 Budget This Month           There is a high probability that President Muhammadu Buhari might present the 2022 budget this month. The speculation is coming on the heels of the two chambers of the National Assembly resuming plenary today, after a two-month long...

President Buhari Appoints NEITI Into PIA Committee           President Muhammadu Buhari has approved the appointment of the Nigeria Extractive Industries Transparency Initiative (NEITI) into the Petroleum Industry Act (PIA) Implementation Steering Committee. The president’s approval of the appointment of the transparency and extractive industry watchdog into the...

Twitter Ban: Nigeria Loses N247.61bn In 100 Days       The Twitter ban in Nigeria has extended to 100 days, and in that time frame the nation has lost N247.61bn. The Federal Government had on June 4 suspended Twitter after the social media platform deleted a tweet by...

NNPC’s Revenue Falls By N916bn Despite Posting N287bn Profit       Nearly two weeks after declaring its first profit in its 44-year history, the Nigerian National Petroleum Corporation said on Wednesday that its group revenue for the 2020 financial year fell to N3.72tn from N4.63tn in 2019....