Tue Mar 29, 2016/Reuters Nigeria’s President Muhammadu Buhari will not sign the 2016 budget bill passed by parliament last week unless lawmakers provide more details of the legislation, a government official said on Tuesday. Parliament had earlier sent the bill, which calls for record spending, to Buhari’s office but it […]
Tag: National Assembly
Nigeria’s parliament to start debating petroleum bill next week -Senate
March 21, 2016/Reuters Nigeria’s Senate president said on Monday that the country’s parliament would start debating next week an amended Petroleum Industry Bill (PIB), a much-delayed plan to overhaul the vital energy sector hit by graft and mismanagement. President Muhammadu Buhari has made it a priority to get approval for […]
Auditor-General Says NNPC Failed to Remit $16 Billion Revenue in 2014
By InvestAdvocate Lagos (INVESTADVOCATE)- Samuel Ukura, the auditor-general of the Federation said on Monday that the Nigerian National Petroleum Corporation (NNPC) failed to remit $16 billion (N3.2 trillion) in revenues to the federal government in 2014, according to a Reuters report. This is the same year Lamido Sanusi, the then […]
