News

Seaport Concession: Reps uncover massive fraud, summon Ministers

Elizabeth AtimeMarch 5, 20243 min

Briefing journalists on the concession, Rep. Hamisu further explained that there was a need to find out why the companies listed were still operating without renewal. The House of Representatives on Tuesday summoned the Ministers of Blue Economy, Gboyega Ayitola and Transport Saidu Alkali over fraudulent concessioning of critical port infrastructure. Also summoned are the Managing Director (MD) of Nigeria Ports Authority (NPA), Mohammed Bello Koko; the Director General of the Bureau of Public Enterprise...

House of Representatives

Arrest Binance CEO, others now – Reps

Elizabeth AtimeMarch 5, 20243 min

“The Committee will be forced to recommend to the House to arrest Binance executives since they have failed to appear before it,” The Financial Crimes Committee of the House of Representatives has called for the immediate arrest of top executives of Binance Holdings Limited following their failure to appear for the public hearing organised by the panel. The directive was given following the non-appearance of the company which has been accused of a series of...

Citizens Speak

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...

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