News

CBN raises N1trn from OMO Bills sales

Leah TwakiMarch 5, 20243 min

Notably, 79% of the bids, equivalent to US$530 million, came from foreign investors, highlighting the global interest in Nigeria’s financial instruments. In a significant move towards enhancing liquidity management, the Central Bank of Nigeria (CBN) concluded a successful sale of government securities on Friday, March 1, 2024. The apex bank issued a N1.053 Trillion (approximately US$680 million) in short-term instruments as part of its strategic monetary measures. The Open Market Operations (OMO) auction, where the...

House of Representatives Senate

LIFE SERVICE: Power, Hunger, Binance, Ways and Means among top issues for NASS

NewsroomMarch 5, 20245 min

As the National Assembly convenes for its upcoming sessions, this LIFE Service presents several pressing issues that are expected to dominate discussions and legislative considerations. The upcoming sessions of the National Assembly are expected to address a range of pressing issues that reflect the current challenges facing the nation. This Legislative Intelligence Forecast Entry (LIFE) outlines key topics likely to be on the agenda, drawing upon recent developments and ongoing challenges facing the nation. From...

House of Representatives Senate

LIFE SCORECARD: OrderPaper Predictions on point again

NewsroomMarch 5, 20245 min

Here’s a closer look at how the LIFE predictions proved their mettle by accurately predicting key discussions and decisions during the past week’s session. In legislative affairs, foresight is a coveted skill. As legislative processes unfold, the ability to anticipate discussions and decisions becomes invaluable. In the Nigerian context, where the National Assembly serves as the crucible of policy formation and amendment, predicting its agenda requires astute observation and analysis. In the past week’s plenary...

PARLIAMENT SIGHTS AND SOUNDS

adminMarch 4, 20241 min

New Orientation on State Policing: Kano lawmaker backs bill Rep. Aliyu Madaki (NNPP, Kano)has this to say about the establishment of State Police in Nigeria despite opposing it in the past on the notion that it can be used by the state government to oppress their opponents.

STREET PARLIAMENT

adminMarch 4, 20241 min

Nigerians react to the soaring cost of living and security crisis The two hottest topics on the lips of Nigerians nowadays are high cost of living and insecurity. Almost NO ONE is spared from the effects of these issues which has generated into protests and demonstrations. On this week’s of SPS, we took to the streets to ask citizens their opinion on these topics.

PARLIAMENT WEEKLY

adminMarch 4, 20241 min

Senator Akpabio hits at Godwin Emefiele amidst the rising cost of inflation. In today’s edition of Parliament Weekly, we took a look at the must to know events that occurred in the parliament. Make sure to like, comment and share.

OrderPaper Specials

Nigeria’s economic mess: Road to 30trn Ways and Means probe

Sharon EboesomiMarch 3, 20248 min

By securitising ways and means, rather than paying back to the CBN, the Federal Government simply places too much money in the capital market, thereby creating the availability of more funds in the economy and fuelling inflation. The 10th National Assembly is set to investigate the Ways and Means approved by the last government as it, on Tuesday, set up an ad hoc committee, chaired by Senator Jibrin Isah (APC, Kogi East), to probe the...

Citizens Speak

Nigeria’s Monetary Policy good, Fiscal reforms better

Olabode AfurewajuMarch 2, 20247 min

The current fiscal policy and debt servicing mechanisms need serious and urgent attention and inclusion to boost the steps taken by the MPC. Fiscal reforms have been a recurring call by many experts and stakeholders, as the ripple effects of the nation’s fiscal policy are becoming evident in the socioeconomic challenges being witnessed. In a recent development, the Central Bank of Nigeria (CBN), through its Monetary Policy Committee (MPC), to stimulate growth, took steps to...

Senate

Bill to establish NASS budget office scales second reading in Senate

Sharon EboesomiMarch 1, 20244 min

The budget office will ensure to scrutinise budget estimates of the executive and monitor the implementation of annual budget estimates. The Senate has passed for a second reading a Bill seeking to establish the National Assembly Budget and Research Office (NABRO). The bill titled, “A Bill for an Act to establish the National Assembly Budget and Research Office which provides the National Assembly with objective, timely and non-partisan analysis needed for economic and budget decisions...

House of Representatives

Reps fix August 2025 deadline for transmission of amended constitution for assent

Elizabeth AtimeMarch 1, 20244 min

The House has assured Nigerians of an amended constitution to be transmitted to the President for assent by August 2025 by the two chambers of the National Assembly. The chairman of the Constitution Review Committee in the House of Representatives, Deputy Speaker Rep. Benjamin Kalu has slated August 2025 as the deadline for the amended 1999 Constitution of the Federal Republic of Nigeria to be presented to President Bola Ahmed Tinubu for assent. Kalu disclosed...

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