Business Eye

Wednesday, 06 July 2011 | Yomi Ojo

Dubai, the capital of the United Arab Emirate holds a fascinating attraction for Nigerian tourists as both the old and the young who have visited the trail setting city have magical news to tell of its indescribable architectural edifices scattered within the breathe of the city.

With an earned status of a global business and re-export centre, Dubai, one of the seven emirates in the United Arab Emirates, is a sophisticated and multi-ethnic city and widely acclaimed as the business, social, and to...

National Assembly passes FOI, Anti-terrorism, Minimum Wage bills

Friday, 04 March 2011 | Administrator

T he Senate finally passed the anti-terrorism bill after a clause to clause consideration on the 17th of February, 2011. The President had had to plead with the National Assembly over the bill passage three times following some international pressure on Nigeria to step up fight against terrorism. Senate Committee Chairman on Security and Intelligence, Senator Nuhu Aliyu, while presenting the report of the joint committees, said the fight against terrorism had today become a global one and th...

The Petroleum Industry Bill

Friday, 04 March 2011 | Administrator

THE PETROLEUM INDUSTRY DRAFT BILL 2009

Long Title: An Act to establish the legal and regulatory framework, institutions and

regulatory authorities for the Nigerian petroleum industry, to establish guidelines for the

operation of the upstream and downstream sectors, and for purposes connected with the

same.

PART I: FUNDAMENTAL OBJECTIVES

Vesting of petroleum and natural gas

1. Property and sovereign ownership of petroleum within Nigeria, its territorial waters, the

continental shelf, the Exclusive Econom...

Nigeria passes Anti terrorism bill

Thursday, 24 February 2011 | Onayemi Bamidele

The senate, yesterday, passed the Anti-Terrorism Bill prescribing death for any act of terror including kidnapping, pipeline destruction or similar acts that leads to loss of human life.

The passage came on the heels of a passionate letter by President Goodluck Jonathan to the Federal lawmakers soliciting the quick passage of the Money Laundering Prohibition Bill and the Anti-Terrorism Bill.