Inauguration of the 9th National Assembly

The President issued two proclamations dissolving the eighth (8th) National Assembly and convening the first session of the ninth (9th) National Assembly respectively. The ninth (9th) National Assembly will be officially inaugurated on 11th June 2019 and its first session

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Appropriation Bill 2019

The report of the Committee on Appropriations on the Appropriation Bill 2019 (S.B. 721) (“the Bill”) was laid before the Senate and considered in the Committee of the whole, after which the Bill went through third reading and passage. The

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Deep Offshore and Inland Basin PSC (Amd.) Bill, 2018

The Deep Offshore and Inland Basin Production Sharing Contracts (Amd.) Bill, 2018 went through the second reading. The Bill specifically seeks to amend section 16 of the Deep Offshore and Inland Basin Production Sharing Contracts Act, 1999 (“the Principal Act”)

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Third Reading of the PIG Bill

On Wednesday 16th April 2019, a motion was brought by Hon. Edward Gyang Pwajok (Jos South/East, Plateau State) urging the House to re-commit the Petroleum Industry Governance (PIG) Bill, 2019 for consideration. The PIG Bill, 2019 was passed by the

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Third Reading of the CAMA Bill

The House considered and approved the Report of the Committee of the whole on the Companies and Allied Matters Act (Repeal and re-enactment) Bill, 2019 (HB. 1576). The Companies and Allied Matters Act (Repeal and re-enactment) Bill, 2019 (HB.1576) went

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Assent to the NOSDRA Bill Declined

On 26th February 2019, the House of Representatives received a letter from the President, communicating his decision to withhold assent to the National Oil Spill Detection and Response Amendment Bill, 2018 (“the Bill”). The President declined assent to the Bill

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The CAMA 2004 (Repeal & Re-enactment) Bill, 2018

Recently, the Senate passed the Companies and Allied Matters Act 2004 (Repeal & Re-enactment) Bill 2018. The Bill proposes to make significant amendments to the Act and they include: • Provision for single membership and directorship for small companies etc.,

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AfDB to invest $20bn into Nigerian Investment Sector

The African Development Bank to invest $20 billion into the Nigerian Investment Sector. The African Development Bank (AfDB) and African Export-Import Bank (Afrexim) are to invest the sum of $20 billion in two projects spearheaded by the Federal Government, in

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Nigerian Immigration Services reveals drop in passport applications

The Nigerian Bureau of Statistics has released the Immigration Statistics for the year 2017 reflecting that there was an 80.43% drop in passport applications in 2017. A total of 720,958 applications were received in 2017 as against 3.68 million in

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Nigeria Yet To Sign Free Trade Agreement

The African Continental Free Trade Area (AfCFTA) has been signed by 44 African countries at a summit of the African Union in Kigali, Rwanda. 10 of the African Union’s (AU) 55 member states, including Nigeria are yet to sign the

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