- Will AI disrupt the payments industry in 2026? Izak van Heerden, Senior Manager: Development at Altron FinTech
- African Banks and Institutions must Lead on Urbanisation Finance – or Risk being Sidelined by Foreign Investors, says Pan-African banker
- How to Survive When Your Business Hits a Wall
- Driving business efficiency across the fintech ecosystem
- Accion Announces Close of $61.6M Second Accion Venture Lab Fund Investing in Early-Stage Inclusive Fintech
Nigerian President Declines to Sign Oil-Reform Bill, Aide Says
LAGOS (Capital Markets in Africa) – Nigerian President Muhammadu Buhari declined to sign an oil-industry reform bill passed by lawmakers and indicated his concerns in a letter to the legislature, a senior aide said.
“The president has declined assent in a letter he sent to the National Assembly about a month ago,” Eta Enang, the presidential adviser on legislative affairs, told reporters Wednesday in Abuja, the capital. “It doesn’t mean that the bill is completely dead,” he said, adding that consultations were going on to address the issues, which he didn’t disclose.
A bill to reform funding and regulation of oil production in the continent’s biggest producer was first sent to lawmakers in 2008 and stalled over differences with energy companies on the fiscal regime to govern offshore operations. Under Buhari’s government, which took office in 2015, the fiscal aspects were removed to pass a bill focusing on the regulatory aspects of the industry.
Source: Bloomberg Business News