December 23, 2024 New York
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Global Affairs Hub 247 > Articles by: Comfort S

FG opposes Agbakoba’s PIA repeal

Olisa Agbakoba, a senior advocate in Nigeria and a former chairman of the Nigerian Bar Association, has demanded that the Petroleum Industry Act be repealed, claiming that its drafters committed grave mistakes. In contrast to the prominent Nigerian lawyer’s opinion, the federal government’s oil and gas regulatory bodies—the Nigerian Upstream Petroleum Regulatory Commission and the […]

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CBN has release a new guidelines for foreign currency deposits

The Central Bank of Nigeria (CBN) has recently provided new guidelines to Deposit Money Banks (DMBs) regarding the deposit of foreign currency notes with the central bank. In circular no: COD/DIR/INT/CIR/001/016 According to a statement from the Director of Currency Operators, Mr. Mohammed Solaja, which was posted on the bank’s website, it states that DMBs […]

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