Acting President, Prof. Yemi Osinbajo, has requested approval of the House of Representatives for fresh $1.28bn and €9m loans under the 2016-2018 External Borrowing (Rolling) Plans of the Federal Government. A letter he wrote to the House of Representatives on the matter was read to members by the Speaker, Mr. Yakubu Dogara, on Tuesday in […]
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House of Representatives Adhoc Committee investigating $17 billion allegedly stolen from undeclared crude oil and liquefied gas sale in the international market has demanded for a proper explanation on the sale of 47,366,887 barrels between January 2011 and December 2014. The Abdulrazak Namdas-led committee expressed dissatisfaction over the differential in the documents submitted to the […]
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Members of the House of Representatives on Tuesday held a public hearing on the challenges facing Nigeria’s aviation sector. Officials of the government and stakeholders in the aviation sector were at the hearing. Issues that had been whipped up by a plan to concession four international airports’ terminals were discussed. The Federal Government says the […]
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In spite of the current economic recession, members of the National Assembly (NASS) comprising senators and members of the House of Representatives have received a total sum of N6.78 billion as their official emoluments in the last one year. A report published yesterday, revealed the legitimate remunerations of the federal lawmakers as approved by the […]
Read More Members of the House of Representatives had on Sunday said that Nigeria was overdue for restructuring. They argued that doing otherwise was to postpone the inevitable as the present structure could not be sustained for too long. Also, the Ijaw Youth Council believed restructuring the country was the only solution to the multi-faceted problems besetting the […]
Read More The House of Representatives said on Thursday that it was in support of any action taken so far by the Federal Government to contain the rising attacks on oil pipelines in the Niger Delta by the Niger Delta Avengers. Attacks on oil installations lately have reportedly resulted in a drop of daily crude oil production […]
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The House of Representatives yesterday said the Nigerian Communications Commission (NCC) can resume talks with MTN Group over the $3.9 billion fine imposed on it while the lawmakers continue an investigation into the penalty. In October last year, NCC fined the telco. The chairman, House Communications Committee, Saheed Fijabi said the NCC should lead the […]
Read More The House of Representatives said on Tuesday that the country was losing an estimated $2.9bn (N571.3bn) yearly to tax waivers granted to multinational corporations and indigenous companies operating in Nigeria. Noting that this was a huge revenue loss to the country, it has ordered an investigation into such waivers with a view to either reducing or […]
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Labour yesterday got more pleas to pull the brakes on its plan for a strike over the fuel price hike. Petrol price went up last Wednesday from N86.50 per litre to N145. A decision, which the Federal Government said will save it from picking a N1trillion subsidy bill, ensure availability of petrol and create jobs. According to The […]
Read More Members of the opposition in the House of Representatives vehemently opposed the admittance of the Minister of State (Petroleum Resources), Ibe Kachikwu into the chamber Monday afternoon. According to The Nation, Kachikwu was scheduled to address the lawmakers Monday on the latest development over hike in the price of Premium Motor Spirit (PMS). However, trouble […]
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[su_dropcap]T[/su_dropcap]o avert a fresh lockdown on the 2016 Budget, a government delegation led by Minister of National Planning, Sen. Udoma Udo-Udoma yesterday began talks with Speaker of the House of Representatives, Yakubu Dogara and top leaders of the National Assembly. Senate President Bukola Saraki is expected to join the reconciliation team today (Monday) after cutting […]
Read More [su_dropcap]A[/su_dropcap] member of the House of Representatives, representing Agege Federal Constituency, Lagos State, Taofeek Adaranijo, on Tuesday said the full details of the 2016 Appropriation Bill would be forwarded by the National Assembly to President Muhammadu Buhari for assent before the end of the week. Buhari had refused to sign the budget owing to the […]
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