Being his spat with mexico over who will pay for the border wall. Its the kind of tiff that has people recognizing that Political Risk is being ratcheted with caused some of the move to stall out todd, dow dipping seven points. The nasdaq did advance 0. 10 . But you know what . Earnings are driving the show here, not politics. Seems like politics, but its not. I mean, look, you can evaluate them through a trumpian prism with one eye on twitter, but when companies deliver great numbers, their stock goes up no matter what happens in washington. And when companies disappoint, their stocks get dumped too. So since next week is filled with Earnings Report, lets go right into the game plan. On monday morning, we hear from one of the best Pipeline Companies on earth. Its called enterprise products. Im hoping they talk about what trumps deregulation agenda means for the future. This company knows. After the close, packaging corps reports. We typically dont talk about these companies but the pa
Final passage of the PIB; a journey of thousand miles nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.
By Peter Uzoho
On the heels of the proposed establishment of Petroleum Host Community Fund in the Petroleum Industry Bill (PIB) currently at the National Assembly, the Partner, Tax, Regulatory and People’s Services, KPMG, Mr. Wale Ajayi, has called for the scrapping of the Niger Delta Development Commission (NDDC).
Ajayi also canvassed for an end to the discretionary allocation of oil blocks by the President of the country as empowered by the extant petroleum law of the country, saying the PIB has made provision for a competitive bidding process for the allocation of oil blocks.
The KPMG partner made the interventions recently when he featured on Global Business Report, a programme of Arise News Channel, THISDAY’s sister broadcast station.
An analyst with KPMG, Wale Ajayi, has advocated for the scrapping of the Niger Delta Development Commission (NDDC), and the open allocation of oil blocks by the Federal Government.
Ajayi, a Senior Partner, Tax, Regulatory and People’s Services at KPMG, made the call following the proposed establishment of a Petroleum Host Community Fund embedded in the Petroleum Industry Bill (PIB) currently at the National Assembly.
Ajayi who was a guest on a television programme, Global Business Report on Arise TV Network, on Tuesday, said the PIB has made provision for a competitive bidding process for the allocation of oil blocks, and as such, the government should stop the discretionary allocation of oil blocks in the country.
The Rivers State Governor, Chief Nyesom Wike, says he would re-impose lockdown beginning from January as the number of Coronavirus cases surge in the state.
He gave hint of imminent second phase of lockdown amid rising cases of Covid-19 during the thanksgiving church service in celebration of the 90th birthday of Mrs. Priscilla Nwanediye Mark, at the St. Martin’s Anglican Church, Omagwa in Ikwerre Local Government Area, yesterday.
Wike described as worrisome, the refusal of most churches and markets in the state to enforce compulsory wearing of facemasks in adherence to Covid-19 protocol.
He said the state government had initially relaxed the restriction on the number of persons who worship in churches, but with the second wave of Covid-19, he would by this week announce new stringent measures to check the spread of Covid-19 cases in the state.