Tag: National Assembly

Buhari transmits revised Petroleum Industry Bill to National Assembly

Nigeria’s President Muhammadu Buhari has sent the revised Petroleum Industry Bill to the National Assembly for deliberation. The new bill, will among other things privatize the Nigerian National Petroleum Corporation according to Reuters. Gbenga Biobaku, Senior Partner at Gbenga Biobaku & Co joins CNBC Africa’s Esther Awoniyi for more.

DMO: $22.7bn borrowing request consistent with debt strategy

An International Monetary Fund (IMF) team on a technical assistance mission recently met with Nigeria's Debt Management Office to discuss Nigeria's Medium Term Debt Management Strategy. Meanwhile, Nigeria is aiming to earn at least 80 per cent of revenues from non-oil sources in the next three years. Egie Akpata, Director of Union Capital Markets joins me to discuss these stories and more.

Assessing Nigeria’s external borrowing plan: Nigeria’s money market

Nigeria’s President, Muhammadu Buhari re-sent the 2016-2018 external borrowing plan to the National Assembly for consideration and approval. President Buhari is requesting the approval to borrow $29.96 billion. Bankole Odusanya, Head of Fixed Income Trading at United Bank for Africa (UBA) joins CNBC Africa for a focus on Nigeria’s money market.

Nigeria’s Finance Bill: What you need to know

Nigeria's Finance Bill seeks to shore up the government's revenue base by amending seven acts of the National Assembly relating to taxes. Ken Erikume, Partner of Tax Reporting and Strategy at PwC Nigeria joined CNBC Africa's Kenneth Igbomor to breakdown the Finance Bill, as members of Nigeria’s House of Representatives boycotted the public hearing slated for Tuesday.

What to look out for in Nigeria’s power sector ahead of 2020 budget

As Nigerians await President Buhari's budget presentation before a joint session of the National Assembly, we find out what areas are pertinent to the power sector. For this discussion, George Etomi, Director of Eko Electricity Distribution Company joins CNBC Africa.

What to expect ahead of President Buhari’s 2020 budget presentation

Nigeria's Federal Executive Council is meeting to finalise the 2020 budget ahead of President Muhammadu Buhari's much-anticipated presentation to a joint session of the National Assembly tomorrow. Last week, the senate increased the proposed 2020 budget to N10.7 trillion. Steve Osho, Co-Managing Partner at Comercio Partners joins CNBC Africa for more.

Buhari submits 2020-2022 medium – term expenditure framework: This is how it affects NAICOM and insurance sector

Nigeria’s President Muhammadu Buhari has submitted the 2020 to 2022 Medium-Term Expenditure Framework and Fiscal Strategy Paper to the National Assembly for approval. To discuss what this and other stories is Kayode Akindele, Partner at TIA capital joins CNBC Africa for more.

Nigeria’s oil sector reforms

Nigeria’s President Muhammadu Buhari says he is ready to assent to the highly anticipated Petroleum Industry Governance Bill, as soon as the National Assembly presents it to him. This comes after he cited constitutional and legal breaches as the fundamental reason for withholding his assent in 2018. Adeoye Adefulu, Partner at Odujinrin and Adefulu joins CNBC Africa to assess the likely impact of this bill and discuss other reforms needed in Nigeria’s oil and gas industry