Mr Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), is expected to brief the Senate on Thursday on technical aspects of the Petroleum Industry Bill (PIB) 2021. President of the Senate, Ahmad Lawan, disclosed this at Wednesday’s plenary. Lawan said the briefing was to educate senators on the technicalities and financial implications of certain provisions of the PIB. He said the briefing would take place behind closed doors and would last for about an hour. Lawan also said that Thursday’s plenary would be entirely devoted to the consideration of the report. “Before plenary tomorrow, the leadership of the Senate has decided to invite NNPC GMD to come and brief us in a closed session. “The opportunity is for those of us who are not members of the joint commi...
The Chief of Defence Staff (CDS), General Lucky Irabor, and the three service chiefs are to appear before the Senate Thursday (today) over the deteriorating security situation in the country. The Senate had at plenary last week summoned the CDS and the service chiefs to brief it on the efforts being made by government to surmount the security challenges facing the nation. The service chiefs who will join the CDS to brief the upper legislative chamber by 10am are the Chief of Army Staff, Lieutenant-General Ibrahim Attahiru; Chief of Naval Staff, Vice Admiral Awwal Zubairu and the Chief of Air Staff, Air Marshal Ishiaka Oladayo Amoo. The top military brass are expected to not only brief the Senators about security issues but also take questions from the legislators over the worrisome securit...
The Senate Wednesday passed the Asset Management Corporation of Nigeria Amendment bill after considering the report of its Committee on Banking, Insurance, and Other Financial Institutions. The amendment bill passed by the upper chamber empowers the Assets Management Corporation of Nigeria to, among others, take possession, manage or sell all properties traced to debtors, whether or not such assets or property is used as security/collateral for obtaining the loan in particular. It also empowers the corporation to access the Special Tribunal established by the BOFIA, 2020 for dealing with financial related matters. Presenting the report, Chairman of the Committee, Senator Uba Sani (APC, Kaduna Central) said the Committee engaged with stakeholders such as AMCON, Federal Ministry of Finance, ...
Senior U.S. officials on Tuesday pledged sustained support for India in helping it deal with the world’s worst current surge of COVID-19 infections, warning the country is still at the “front end” of the crisis and overcoming it will take some time. The White House’s National Security Council coordinator for the Indo-Pacific, Kurt Campbell, told a virtual event on the U.S. assistance that President Joe Biden had told Indian Prime Minister Narendra Modi on a phone call on Monday: “You let me know what you need and we will do it.” Campbell said at the event, organized by the U.S.-India Business Council and U.S. Chamber of Commerce Foundation, that Washington was committed to helping the world’s second most populous country get to grips with the crisis. “We all have to realize that this is no...
The Senate has commenced moves to unbundle the Nigerian Postal Service with the consideration of a bill to repeal and re-enact the Nigerian Postal Service Act 2004. The bill which scaled second reading on Tuesday was sponsored by Senator Oluremi Tinubu (APC, Lagos Central). Leading the debate on the general principles of the bill, Tinubu said the piece of legislation seeks a reform of the Postal Industry and to make Comprehensive Provisions for the Development and Regulation of Postal Services in Nigeria. According to the lawmaker, the Nigerian Postal Service (NIPOST) which dates as far back as 1852, evolved from an exigency of the colonial administration to a Collection Office of the United Kingdom and eventually, to the NIPOST. She recalled that as at 1st of October, 1960, when Nigeria g...
Member of the Lagos State House of Assembly, Mr AdbulSobur Olawale, has commended the Executive Chairman of Ajeromi Local Government, LG, Mr. Fatai Ayoola, management and staff members for the resilience to rebuild the Secretariat that was destroyed during the aftermath of the ENDSARS protest. Olawale, who is also the Chairman of, House Committee on Local Government and Community Relations, disclosed that the Secretariat was among those government facilities that were destroyed by hoodlums during the aftermath of the ENDSARS protest. In the same view, the lawmaker applauded Council Chairman of Ifelodun Local Council Development Area, LCDA, Mr Shaibu Ajidagba for building the legislative chamber during his tenure in office. Speaking with journalists, after the oversight function to both Aje...
Lagos Chamber of Commerce & Industry The Lagos Chamber of Commerce and Industry (LCCI) has posited that for Nigeria to take advantage of opportunities offered by the World Trade Organisation (WTO) under the leadership of Dr. Ngozi Okonjo-Iweala, it was important to build capacity for international competitiveness of our products and services. The Chamber also emphasised the need to address trade facilitation issues, especially around port processes, ports infrastructures, international trade documentation, foreign exchange policies, trade policies and industrial policies. The Director General of the chamber, Muda Yusuf, made the disclosure following the appointment of Okonjo-Iweala as the DG of the WTO, saying her emergence comes at a time when the global trading system is faced with n...