PIGB suffers setback as National Assembly re-works bill: The Petroleum Industry Governance Bill (PIGB) has suffered a setback two months after it was passed by the National Assembly. At the plenary on Wednesday, the Senate referred the bill back to the Conference Committee on Petroleum Industry and Governance to consider the “fundamental issues” raised by the Legal Department of the National Assembly, which recommended a fresh legislative action.
Senate confirms four Buhari’s CBN board nominees, drops one: The Senate has confirmed four of the five members of the board of the CBN nominated by President Buhari. The nominees were Ummu Ahmed Jalingo (North-East), Justitia Odinakachukwu Nnabuko (South- East), Mike Obadan (South-South), Abdu Abubakar (North-West) and Adeola Adetunji (South-West). In the report by the committee on the nominees presented by the Chairman, Senator Rafiu Ibrahim, and adopted at the plenary on Thursday, the panel recommended Abubakar for non-confirmation over issues of personal quality.
Barclays Africa to join Nigeria's bourse in July - head of markets: Barclays Africa plans to join the Nigerian Stock Exchange in July and is exploring opportunities in three other African countries, in a move to create access for foreign investors looking to tap into markets on the continent. Garth Klintworth, head of markets for Barclays Africa Group, on Thursday said its subsidiary Absa Nigeria had acquired a securities licence in Nigeria, part of a wider plan to increase its presence in West Africa’s biggest economy.
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