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After more than two decades of endless national debates and stalemate, there is a new Petroleum Industry Act 2021 (PIA) in the country. The Act has provided a six-month transition period for the emergence of a fresh institutional framework for oil and gas operations in the country. Unsurprisingly, the newly promulgated PIA 2021 has continued…
The world just witnessed the takeover of Afghanistan’s political control by the Taliban and critical conversations have been emerging with regards to the future prospects of the new regime with regards to its governance philosophy within the volatile region and broader international relations. The Taliban which refers to itself as the Islamic Emirate of Afghanistan (IEA) is an Islamist religious-political…
In a landmark move, President Muhammadu Buhari recently signed the Petroleum Industry Bill (PIB) into law after it was transmitted to him from the National Assembly for executive assent. Some of the key objectives of the PIA (Petroleum Industry Act) include safeguarding the long-term macroeconomic stability of the country, reforming the extractive industry institutional framework,…
Nigeria’s inflation dropped by 0.37% to 17.38% in July 2021, from the 17.75% recorded in June 2021. This is according to the latest report of the National Bureau of Statistics (NBS). According to the Bureau, the decline in the Consumer Price Index (CPI), which measures the rate of change in prices of goods and services,…
As political preparations for the 2023 general elections are gradually gaining steam, the Chairman of the country’s main opposition party, the People’s Democratic Party (PDP), Prince Uche Secondus, is at the centre of an intense intra-party struggle. Secondus’ foray into politics dates back to the Second Republic in 1978 when he served as Rivers State…
On 22 July 2021, the Israeli Ambassador to Addis Ababa, Aleli Admasu, presented a letter of credence for admission into observer status to the Chairperson of the AU Commission, Moussa Faki Mahamat. Israel was subsequently granted observer status to the body. Yair Lapid, Israel’s foreign minister expressed optimism that the admission will be favourable for both…
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has announced the end of Foreign Exchange (Forex) sales and new licence approval to Bureau De Change (BDC) operators in the country. Emefiele disclosed this at the end of the Apex Bank’s Monetary Policy Committee (MPC) two-day meeting in Abuja on Tuesday 27th July…
Big Brother Naija (BBN) is a Nigerian reality television show series based on the Global Big Brother Television Franchise in which contestants ranging from 15 to 25 live in an isolated house and compete for a huge cash star prize and other material prizes. The eventual winner at the end of the show emerges by…
Elections were held in Lagos on Saturday 24 July 2021 to choose new leaders for the 57 Councils in the State; the Councils comprise of 20 Local Government Areas (LGAs) and 37 Local Council Development Areas (LCDAs). The polls were however met with widespread voter apathy and extremely low turn-out, with many Lagosians only aware of the…
Born on January 2, 1976, in Zaria, to the ruling class family of the Sullubawa clan, Hadiza Bala Usman ancestry is heavily decorated with royalty. Her father, Yusufu Bala Usman, was the grandson of Sarkin Katsina, Muhammadu Katsina Dikko. Yusufu Bala Usman was a prominent academic and historian, He was the founder of the…
