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Senate approves MTEF, raises oil benchmark to $57

Bill to amend Production Sharing Contract Act passes second reading in Senate 

  The Senate has commenced moves to amend the Production Sharing Contract (PSC) Act, following consideration of a bill to that effect during plenary on Tuesday. In...

Bill to empower AIB investigate road, rail, marine accidents before Senate

The Accident Investigation Bureau (AIB) has disclosed that a bill to empower the bureau to investigate rail, road and marine accidents and serious incidents is currently...

Buhari rejects Nigeria Maritime University bill

Buhari rejects Nigeria Maritime University bill

President Muhammadu Buhari has declined assent to a bill seeking to establish the Nigeria Maritime University (NMU), passed by the National Assembly. Buhari also...

Buhari commiserate with Nasarawa over gas explosion

Buhari declines assent to Nigeria Maritime University bill

President Muhammadu Buhari has declined assent to a bill seeking to establish the Nigeria Maritime University (NMU), passed by the National Assembly. Buhari also...

Buhari signs anti-monopoly law

Buhari signs new minimum wage bill

President Muhammadu Buhari has signed the new minimum wage bill. The bill, which has now become a law, will usher in a new pay structure for Nigerian workers. The...

Senators reject bill on electric cars

Senators reject bill on electric cars

Senators have turned down a bill aiming to phase out petrol vehicles and introduce electric cars in the country by 2035. The bill, first read on April 10, was not...

Michael Lee

US Senator sponsors bill to repeal Jones Act

United States Senator from Utah, Michael Lee, has introduced the Open America’s Water Act of 2019, a bill which would repeal the Jones Act and allow all qualified...

OPEC warns of crude oil glut in 2019

U.S. House committee okays bill to sue OPEC

A Bill that allows the United States Attorney General to file antitrust lawsuits against the Organization of the Petroleum Exporting Countries (OPEC) or its members has...

Reps propose ban on fish importation in two years

Reps okays N30,000 as new minimum wage, passes bill

The House of Representatives on Tuesday passed the new National Minimum Wage Bill approving N30,000 as the new minimum wage. The passage of the Bill followed the...

Buhari

Buhari rejects National Transport Commission Bill

By Omotilewa Quadri  President Muhammadu Buhari has declined assent to the National Transport Commission Bill 2018. Buhari made this known in a letter to the National...

Emefile

Nigeria’s monthly import bill drops from $665.4m

The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, says the various initiatives aimed at encouraging domestic production has led to a drop in Nigeria’s...

NASS will fast track passage of minimum wage bill 

NASS will fast track passage of minimum wage bill 

The Chairman, House of Representatives Committee on Labour, Employment and Productivity, Rep Ezenwa Onyewuchi, says the National Assembly would give the minimum wage...