Senate passes N6.08 trillion for 2016 budget

Hamilton Nwosa
Writer

Ad

Wike, Fubara Absent As Ibas Holds Farewell Thanksgiving Service

By Abiola Olawale Minister of the Federal Capital Territory (FCT), Nyesom Wike, and suspended Governor Siminalayi Fubara of Rivers State were absent from the inter-denominational thanksgiving service held on Sunday to mark the end of emergency rule. The event, organized by the Rivers State Government, served as a farewell for Sole Administrator Vice Admiral Ibok-Ete…

Oritsemeyin’s license revocation, a clear warning to oil operators – expert

By Obinna Uballa The Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) revocation of the Oritsemeyin drilling rig’s operating licence is a wake-up call to upstream operators to tighten compliance with safety and operational standards, according to oil and gas consultant Dr. Maurice Ibe. Ibe, Group Executive Chairman of Benham Group, said the decision underscored the regulator’s…

PIA: Tinubu moves to transfer concessionaire powers from NNPCL to NUPRC in major shakeup

...MOFI to take control of NNPCL shares By Obinna Uballa Nigeria’s oil and gas industry is set for another major shake-up as President Bola Tinubu has reportedly approved sweeping proposed amendments to the Petroleum Industry Act (PIA) 2021, transferring ownership and concessionaire powers away from the Nigerian National Petroleum Company Limited (NNPCL). In a notice…

Ad

The Senate has passed the N6.08 trillion budget for 2016, with an unprecedented reduction in the budget’s total. President Muhammadu Buhari presented a N6.08 trillion proposal in December 2015. The Senate passed N6,060,677,358,227 trillion budget after considering its conference report on the budget. It was the first time since 1999 that the National Assembly would approve a figure lower than proposed by the executive, John Enoh, who heads the senate finance committee, said. He said that reflected the “mood of the country and the world” and showed “discipline” of the part of the National Assembly.

More details soon….

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp