Category: National Assembly

Reps To Invite Minister, SON, Others Over Influx Of Fake Products
March 12, 2020 No Responses

Reps To Invite Minister, SON, Others Over Influx Of Fake Products

The House of Representatives has resolved to invite the Minister of Industry, Trade and Investment, the Director-General, Standard Organisation of Nigeria (SON) and the Director-General, Federal Competition and Consumer Protection Commission over influx of sub-standard products in the country. This...
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Senate Passes Companies And Allied Matters Amendment Bill
March 10, 2020 No Responses

Senate Passes Companies And Allied Matters Amendment Bill

The Senate on Tuesday passed the Companied and Allied Matters Act amendment bill, 2020.The passage of the bill by the upper chamber was sequel to a clause-by-clause consideration of the bill in a committee of the whole.The piece of legislation...
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Senate Approves FG’s $22.7b Loan Request
March 5, 2020 No Responses

Senate Approves FG’s $22.7b Loan Request

The Senate on Thursday,  approved 22.7 billion dollars as external borrowing plan for Nigeria out of the 22.8 billion requested by President Muhammadu Buhari.This followed the adoption of the report of the Committee on Local and Foreign Debts on the...
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Kogi Secures National Assembly Approval For $100m Loan
March 5, 2020 No Responses

Kogi Secures National Assembly Approval For $100m Loan

The Kogi State government secured the approval of the National Assembly to obtain a foreign loan of $100 million (N36 billion).The state Commissioner for Information and Communication, Mr Kingsley Fanwo, confirmed this to Journalists in Lokoja on Thursday.Àcc...
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Reps Approve N346.3b NDDC 2019 Budget
March 4, 2020 No Responses

Reps Approve N346.3b NDDC 2019 Budget

The House of  Representatives has passed the 2019 Appropriation bill of N346.388 billion for the Niger Delta Development Commission (NDDC), for its 2019 operations.This was sequel to a unanimous adoption of a report on the bill by the NDDC Chairman,...
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Coronavirus: Lufthansa Cuts Capacity By 150 Planes
March 4, 2020 No Responses

Coronavirus: Lufthansa Cuts Capacity By 150 Planes

German airline Lufthansa, on Wednesday said it would be cutting its capacity by the equivalent of 150 passenger planes in the face of plummeting demand due to the coronavirus epidemic.Lufthansa’s Frankfurt Head Office said it would make the cuts to...
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South-West Development Commission Bill Scales Second Reading In Senate
March 4, 2020 No Responses

South-West Development Commission Bill Scales Second Reading In Senate

A bill seeking to establish the South-West Development Commission on Wednesday scaled second reading in the Senate.The bill, which was sponsored by Senator Ibikunle Amosun (APC – Ogun Central), “is an attempt to address the dwindling fortunes of the South....
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Lawan: Agriculture, A Viable Means For Job Creation
March 4, 2020 No Responses

Lawan: Agriculture, A Viable Means For Job Creation

President of the Senate, Ahmad Lawan, has said agriculture remains a viable means for employment creation in Nigeria.According to him, substantial investment in the sector by the Federal Government would guarantee food security for the country.Lawan stated thi...
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National Assembly Committee Backs Deep Blue Project
March 4, 2020 No Responses

National Assembly Committee Backs Deep Blue Project

The Integrated Security and Waterways Protection Infrastructure, commonly called the Deep Blue Project, received rave reviews on Tuesday from members of the House of Representatives Committee on Maritime Safety, Education and Administration during an oversight...
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Nigeria Proposes Bill To Ban Plastics
February 24, 2020 No Responses

Nigeria Proposes Bill To Ban Plastics

The National Assembly and the Federal Ministry of Environment are putting the finishing touches to a bill meant to prohibit the production of plastics, which pollute the environment.  A member of the Senate Committee on Marine Transport, Senator Tolulope ...
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2020: Senate Passes N238.15b Budget For Customs
February 5, 2020 No Responses

2020: Senate Passes N238.15b Budget For Customs

The Senate on Tuesday approved the sum of Two hundred and thirty-eight billion, One hundred and forty-nine million, Three hundred and Twenty-five thousand, Eight hundred and thirty-two Naira Seventy kobo (N238,149,325,832.70) for the Nigeria Customs Service fo...
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Refineries: Senate Probes NNPC Over $396m Spent On Maintenance
January 30, 2020 No Responses

Refineries: Senate Probes NNPC Over $396m Spent On Maintenance

The Senate on Thursday resolved to probe the Nigerian National Petroleum Corporation (NNPC) over the sum of $396 million expended on Turn-Around Maintenance of refineries in the country between 2013 and 2015.Accordingly, the Upper Chamber mandated the Committe...
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Senate Probes N20trn Unremitted Stamp Duties From Banks, Financial Institutions
December 11, 2019 No Responses

Senate Probes N20trn Unremitted Stamp Duties From Banks, Financial Institutions

The Senate has mandated its Committee on Finance to investigate the non-remittance of over N20 trillion into the Federation Account by Central Bank of Nigeria, an amount collected as stamp duties from Banks and Financial Institutions in the country.  The....
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Senate Passes 2020 Appropriation Bill, Raises Budget To N10.594Tri
December 5, 2019 No Responses

Senate Passes 2020 Appropriation Bill, Raises Budget To N10.594Tri

The Senate, on Thursday at plenary, passed the 2020 budget of N10.594 trillion as against N10.33 trillion presented by President Muhammadu Buhari on Oct. 8.The passage followed the consideration and adoption of the report of Senate Committee on Appropriation.T...
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