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BREAKING: Senate scraps NNPC, passes PIGB
The Nigeria National Petroleum Corporation (NNPC) has been scraped by the Senate. This is following the passage of the controversial Petroleum Industry Governance Bill (PIGB).

vERGE24.com gathered that the Senate had on Thursday May 25, considered and passed the much talked about PIGB, after its clause by clause consideration.
BREAKING: Senate scraps NNPC, passes PIGB
In place of NNPC, the Senate recommended the establishment of three new agencies to effectively manage the largely troubled oil and gas sector.

Among the agencies established in the bill, is the Nigerian Petroleum Regulatory Commission (NPRC), which shall be headed by a Chairman.
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The commission will also consist of Commissioners, whose appointments and removal shall be subject to Senate approval.

The Petroleum Product Pricing Regulatory Agency (PPPRA) is now under the new commission.

The PIGB also established the Nigerian Petroleum Asset Management Company (NPAMC) and National Petroleum Company (NPC), to coordinate the activities of other existing agencies, including the Department of Petroleum Resources (DPR).

The bill which consists of 132 clauses has taken time to come, having outlived the 5th to 7th Senate, making the Senate President, Bukola Saraki to describe its passage as “historical”.

When signed into law, the document is expected to stimulate Nigeria’s oil and gas sector.

It is also expected to help Nigeria reduce corruption and inefficiency in the sector.

Chairman, Senate Committee on Petroleum (Downstream), Senator Tayo Alasoadura said he was delighted that his committee could achieve much on the bill.

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Liberia’s Ruling Party Expels President Ellen Johnson Sirleaf

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Liberia's Ruling Party Expels President Ellen Johnson Sirleaf

Liberia’s Ruling Party Expels President Ellen Johnson Sirleaf

The Liberia’s ruling Unity Party has ousted the country’s outgoing president, Ellen Johnson Sirleaf, from the party.

President, Ellen Johnson Sirleaf was voted out of Unity party late Saturday over her decision not to support Vice President Joseph Boakai, the party’s candidate in last year’s presidential poll.

Joseph Boakai, who has been President Johnson Sirleaf’s vice for 12 years, lost the election to former football superstar, George Weah.

George Weah visits Prophet TB Joshua

The one time world best footballer of the year won the presidential runoff by 61.5 percent of the votes casted in 14 of Liberia’s 15 counties.

Prior to the presidential runoff, Weah visited Prophet TB Joshua in Lagos, Nigeria to seek the face of God and prayers.

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This is Why Buhari Could be impeached

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President Buhari reportedly signs Proclamation labelling IPOB as Terrorist Group

This is Why Buhari Could be Impeached

Adesina Ogunlana, the President of Nigeria Bar Association, Ikeja branch has condemned President Muhammadu Buhari’s silence and inaction on herdsmen killings around the country.

According to Adesina Ogunlana, Buhari’s attitude is enough ground for him to be impeached.

While talking to the press, Adesina said the President is indirectly approving the killing by Fulani herdsmen. In his words:

“We have seen the federal government display its might and concern for security in certain parts of the country, the question and puzzle now is why the government is quiet in the face of the Fulani herdsmen which has led to the massacre of thousands of people and displacement of thousands of people from their normal abode.”

“The baffling silence, indifference and very low key response to the menace of the Fulani herdsmen who have been rated as the fourth deadliest terrorist organization in the world. This has raised grave allegation of partiality against the Federal Government in its clear relation to the menace of the Fulani herdsmen who have become notorious for mass slaughter of Nigeria people.

“We are joining hands and crying against the governor that it has not done enough. The chief reason, responsibility and duty of government is to ensure the security of life in its area. I dare say that the failure of the government to rise to the issue is enough ground for the impeachment of the President.

“Government where it fails to do its duty especially where it appears that indolence and ineptitude is deliberate and contrived, people would come to their own rescue and there would be no sympathy for that kind of a government.”

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Forbes: Aliko Dangote Remains Africa’s Richest Man

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50 Most Influential People; Bloomberg honours Dangote

Forbes: Aliko Dangote Remains Africa’s Richest Man

Billionaire business man Aliko Dangote, has again been named Africa’s richest man with a net worth of $12.2billion.

This is the for the seventh year in a row Dangote is topping the list of Africa’s richest man. He got an increase of $100m from a year earlier.

Only recently he was selected as the only African named in Bloomberg’s world 50 best persons in the year 2017.

Diamond mining heir, Nicky Oppenheimer of South Africa, is named number two on the list of Africa’s richest people with a net worth of $7.7bn. Making a whopping $700m from last year.

A notable change in the Forbes Billionaire List this year is the dropping of some notable Nigerians which includes Globacom Chairman, Mike Adenuga (5th richest man in Africa), with a net worth of $5.8bn, and Folorunsho Alakija (15th Richest in Africa), whose estimated $1.6bn fortune is in oil exploration.

However, two of the 23 listed African billionaires are women (unchanged from 2016) and they are; Isabel dos Santos, the daughter of Angola’s former President, Jose Santos, is worth an estimated $2.7bn, down from $3.2bn in 2016. Her net worth dropped in part due to a lower value for Banco BCI, as its book value plunged in 2016 amid a tough year for the oil-producing country.

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