Nigeria recorded three national grid collapses in a week recently while the grid collapsed twice within 6 hours on 19 August 2023. The constant collapse of the National Grid in Nigeria has necessitated the House of Representatives to take a massive step in investigating the matter which is of huge national importance. Sequel to a motion sponsored by Rep Billy Osawaru (APC, Edo), the House noted that sustainable energy is essential to any modern economy, and...
The award ceremony is slated for Saturday, March 2, 2024, during the grand finale of the 38th convocation of the university at the New Campus of the institution, Gwarzo Road, Kano The Bayero University Kano (BUK) has concluded arrangements to confer honourary doctorate degrees on the Deputy Senate President (DSP), Senator Barau I. Jibrin (APC, Kano) and the President of the African Development Bank (AfDB), Dr Akinwumi Adesina, in recognition of their contributions to education...
According to FIRS boss, agencies such as Customs, NIMASA, NPA and others have no statutory business and core mandate in revenue collection. The House of Representatives Committee on Finance on Wednesday approved the sum of N446.34bn as budgetary allocation for the Federal Inland Revenue Service (FIRS) for the 2024 fiscal year. The budget estimate comprises N177.44bn as personnel cost; N156.45bn as overhead cost and N112.45bn as capital expenditures. The approval was a sequel to the...
The House mandated an urgent investigation into the non-remittance of tax revenues of about N1.8 trillion by Multichoice with a focus on the suppression of information discovered from their submissions in their home country. The House of Representatives has cautioned potential buyers of Multichoice Nigeria, Multichoice Africa or any other Subsidiaries of the Multichoice Group operating in Nigeria to be aware of the alleged outstanding indebtedness of $342 million tax revenue owed to the Federal...
The majority of the Senators, in their contributions, kicked against Nwoye’s argument because States like Kogi and Lagos States are not covered by NDDC operations. The Senate has rejected a bill seeking to include Anambra State as a member of the Niger Delta Development Commission (NDDC). The bill titled, “A bill for an Act to Amend the Niger Delta Development Commission (NDDC) Act to make provisions for the inclusion of Anambra State as one of...
Senator Ali Ndume promised to use his resources to secure more opportunities for disabled soccer players, after donating N1 million to support the team. Senator Mohammed Ali Ndume (APC, Borno South) has revealed that the National Assembly is planning to amend the laws that establish the National Commission for Persons with Disability and increase the penalties imposed on heads of Ministries, Departments, and Agencies (MDAs) for turning down qualified disabled Nigerian candidates for employment. Ndume,...
The Senate observed a minute of silence in honour of those killed by bandits. The Senate has called on the Inspector General Of Police to ensure the installation of CCTV cameras in strategic locations within and around Abuja highways and other major capital cities to bolster surveillance and deter criminal activities. This is as the Senate resolved to Invite the Commissioner of Police, the Minister of Police Affairs and the FCT Minister to brief the...
President Bola Tinubu sent a request to the Senate requesting the sack of the FCCPC boss The Senate has approved a request from President Bola requesting the sack of the Federal Competition and Consumer Protection Commission Executive Vice Chairman (FCCPC), Babatunde Irukera. This according to President Tinubu is in accordance with Section 8 (1)(b) and (2) of the Federal Competition and Consumer Protection Commission Act, 2018. READ ALSO: Kawu questions Tinubu’s removal of MDGIF boss  ...
The decision by CBN to raise the Monetary Policy Rate (MPR) marked a substantial adjustment aimed at addressing the persistent inflationary challenges faced by the country. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by four hundred basis points to 22.75 per cent from 18.75 per cent. In a pivotal move, the Apex Bank announced a significant shift in its monetary policy during the...
To carry out an effective investigation into the N30trn Ways and Means, the Senate has set up an ad hoc committee to report back in 4 weeks. The Senate is set to commence an investigation into the payment of N30 trillion “Ways and Means” secured from the Central Bank of Nigeria (CBN) by the immediate past government in the last 10 years and has set up an ad hoc committee to carry out a holistic investigation...
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