June 2024 - Page 3 of 8 - Parliament Reports

CBN parleys organized private sector

Oluremi AgbejuleJune 23, 20243 min

The CBN dialogue with the NESG was convened to effectively consider strategies to strengthen the apex bank’s recent monetary policies The Central Bank of Nigeria (CBN) has hosted a dialogue with the Organised Private Sector (OPS) and the apex bank’s leadership to explore strategies for enhancing Nigeria’s financial sector, especially recent monetary policies. The dialogue, which was held at the bank’s Lagos office during the week, focused on exploring how broad-based monetary policy communication and...

Nuggets & Learning

Nigeria’s Senate and House of Representatives | 7 Differences and Similarities

Sharon EboesomiJune 22, 20246 min

The Nigerian National Assembly is a bicameral legislature established under section 4 of the 1999 Constitution (as amended) consisting of the Senate and House of Representatives. The Nigerian Parliament, right from its inception, has seen significant and historical advancements that can be traced back to the colonial and post-colonial times. Run through history… Nigeria’s colonial legacy is the background to the current system of presidentialism in Nigeria. Over time, the legislature in Nigeria has transformed...

Senate

BIG STORY: 10 Controversies in 1st year of 10th Senate

Sharon EboesomiJune 21, 202417 min

Just as the saying goes, “in a twinkle of an eye,” the 10th Senate has marked its 1 year in office but not without courting a series of eye-popping controversies and receiving knocks from Nigerians. The 10th Senate, inaugurated on June 13, 2023, started off with the election of presiding officers. Godswill Akpabio emerged as the president and Barau Jibrin got elected as deputy president. Shortly after this, principal officers were appointed, committees were set...

Citizens Speak

OrderPaper, 4 other CSOs commend Kalu, urge swift passage of fiscal bill

Leah TwakiJune 20, 20244 min

While the GIFT cluster appreciates the milestone achieved on the fiscal bill, it’s looks forward to its passage and eventual assent by President Tinubu A coalition of Civil Society Organizations (CSOs) under the banner of the Growth Initiative for Transparency (GIFT) has called on both the House of Representatives and the Senate to expedite the legislative process to amend the Fiscal Responsibility Act (FRA), 2007. The CSOs who made this call in a statement on...

House of Representatives Senate

Train 7 gas project: We have reached 67 percent completion – NLNG

Sharon EboesomiJune 20, 20245 min

The Train 7 project is a strategic initiative aimed at supporting the diversification of the country’s revenue sources and revenue generation during the energy transition. The Nigeria Liquified Natural Gas (NLNG) Limited has announced that the Train 7 gas project on Bonny Island, Rivers State, has reached 67 percent completion. The company accordingly reassured of its commitment to delivering economic benefits through the completion of the project. The company’s General Manager, External Relations and Sustainable...

International

As Ramaphosa starts second term, here’s why parliament elects South Africa’s president

Sharon EboesomiJune 20, 20245 min

South Africa’s parliament re-elected Cyril Ramaphosa for a second term as the country’s president with the help of lawmakers from opposition parties. The President of South Africa, Cyril Ramophosa has been re-elected and inaugurated for a second term as South Africa’s president. The inauguration took place on Wednesday, June 19, 2024 in Pretoria with Chief Justice Raymond Zondo leading Ramaphosa’s oath of office ceremony before lawmakers, foreign dignitaries, religious and traditional leaders. “In the presence...

Spotlight

DOMINIC OKAFOR: Binance bribery claim and mind games

Abdullahi A BalogunJune 19, 20247 min

“I never knew anything about such transactions. Rather I moved a motion of national importance, something I feel because of my interest in the country Nigeria and not for any personal interest.” – Rep. Okafor The above words are excerpts from the statement made by Rep. Dominic Okafor after he was purported to have demanded a 140 million dollars bribe from Binance executives in the ongoing investigation of the cryptocurrency trading platform. The bribe claim…...

Regional

PAP sechedules 3rd ordinary session of 6th parliament

Leah TwakiJune 19, 20242 min

PAP’s 3rd Ordinary Session of the 6th Parliament holds from June 24 to July 5, 2024 in South Africa The Pan-African Parliament (PAP), the legislative arm of the African Union (AU), is set to convene the 3rd Ordinary Session of its Sixth Parliament from June 24 to July 5, 2024. The session is scheduled to be held at the Pan-African Parliament Headquarters, Midrand, South Africa. This significant plenary session will align with the AU’s 2024...

International

Nigeria amends tax evasion charges against Binance

Leah TwakiJune 19, 20243 min

While still facing charges on tax evsion as a corporate entity, the executives of Binance been removed from the sheet In a significant legal shift, the Federal Inland Revenue Service (FIRS) of Nigeria has officially dropped all tax charges against Tigran Gambaryan and Nadeem Anjarwalla, executives at Binance. The decision comes as FIRS chooses to pursue legal action directly against Binance, recognizing that the executives are not the decision-makers within the company and should not...

International

Protest in Kenya over proposed tax hikes in finance bill

Sharon EboesomiJune 18, 20244 min

Many protesters against the bill held signs and placards that read, “Do not force the taxes on us,” referring to the President of Kenya, William Ruto as Zakayo, the Swahili name for the biblical tax collector Zacchaeus. Hundreds of Kenyans have gathered in the country’s capital, Nairobi to protest against the Finance Bill 2024. The demonstration, which started on Tuesday, June 18, 2024, about 12:00 p.m, is intended to put pressure on the President of...

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