Monday, October 25, 2021

Nigerian Senate passes oil overhaul bill

Must read

imageCommodities12 minutes ago (Jul 01, 2021 10:57AM ET)

(C) Reuters. FILE PHOTO: A view shows part of Dangote oil refinery in Ibeju Lekki district, on the outskirts of Lagos, Nigeria August 7, 2019. Picture taken August 7, 2019. REUTERS/Temilade Adelaja/File Photo

(Corrects paragraph 3 to remove reference to bill being cleared for presidential approval)

ABUJA (Reuters) – The Nigerian Senate passed a long-awaited oil industry reform bill which will overhaul nearly every aspect of oil and gas production in the West African country, in a plenary session witnessed by Reuters on Thursday.

The House of Representatives had passed the bill earlier.

Its passage by both chambers is the first step towards the bill being signed into law by President Muhammadu Buhari.

Nigerian Senate passes oil overhaul bill

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Latest article

SUBSCRIBE HERE