Tag: Amendment

SEC Nigeria Unveils New Rules, Amendments On Collective Investment Scheme
February 4, 2021 No Responses

SEC Nigeria Unveils New Rules, Amendments On Collective Investment Scheme

The Securities and Exchange Commission (SEC) has released general rules for Collective Investment Schemes prescribing that all units/securities of a collective investment scheme shall be registered by the Commission.  The Rule which is on the Commission’s website, also states that...
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‘Proposed amendment of NLNG Act threatens 18,000 jobs’
May 29, 2017 No Responses

‘Proposed amendment of NLNG Act threatens 18,000 jobs’

Members of Bonny Graduates Forum have closely examined the issues surrounding the proposed amendment of the NLNG Act and “we have come to the understanding that this will not be in the interest of Nigeria, the Niger-Delta and Bonny community....
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Don’t amend NLNG Act, PENGASSAN tells National Assembly
May 25, 2017 No Responses

Don’t amend NLNG Act, PENGASSAN tells National Assembly

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has    reiterated its opposition to the amendment of the Nigeria LNG Limited (NLNG) (Fiscal Incentives, Guarantees and Assurances) Act.  Specifically, the union called on the Nat...
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‘Amendment of NLNG Act will discourage foreign direct investment’
May 22, 2017 No Responses

‘Amendment of NLNG Act will discourage foreign direct investment’

The amendment of the Nigeria LNG Limited (NLNG) Act (Fiscal, Guarantees, Assurances, and Incentives) by the House of Representatives on May 9, 2017 will subject the company to more than just the 3% Niger Delta Development Commission (NDDC) levy due...
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