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Death Announcement of the late Mr Yevewuo Subah
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Ghana asks FG to review prohibition list on imported goods
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THROWBACK: How Kemi Adeosun admitted using forged NYSC certificate to be appointed minister
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[FILE] Tear gas canisters shot by anti-riots policemen are seen during a demonstration at Ojota in Lagos on June 12, 2021, as Nigerian activists called for nationwide protests over what they criticise as bad governance and insecurity, as well as the recent ban of US social media platform Twitter by the government of President Muhammadu Buhari. – Hundreds of protesters gathered on June 12, 2021 in Lagos, a sprawling megapolis of over 20 million people, and police fired tear gas to disperse the crowd. (Photo by PIUS UTOMI EKPEI / AFP)
“Hope deferred makes the heart sick,” so says the Holy Book in Proverbs chapter 13 verse 12. When a heart is sick, it means one’s patience, endurance, fortitude, and tolerance have been exhausted. In view of the myriad of challenges bedeviling Nigeria at the moment, it is certain that Nigerians are suffering from the deferment of hope and all efforts to fix the nation have been exhausted.
PIB: Sinkhole called frontier basin development The Punch
Published 6 July 2021
The news of the passage of the Petroleum Industry Bill hit the airwaves like a tsunami last week, sparking surprise, disbelief, and confusion among stakeholders in the Nigerian oil and gas industry. Like the miracle in Cana in Galilee, the House of Representatives passed 318 clauses in less than 20 minutes! This is a feat four to five republics of the National Assembly could not achieve in nearly two decades! Shortly afterwards, the PIB also passed the third reading in the Senate amid chaos and heated debate by the federal lawmakers.
Out of the five parts, eight schedules, and 319 clauses of the Bill, Clause 9(4) relating to the Frontier Exploration Fund is the most startling provision that has dominated discussions since the passage last Thursday. The FEF comprises 10% of rents on petroleum prospecting licences, 10% rent on petroleum mining leases, and 30% of NNPC Limited’s profit