News

The House of Representatives has warned that while regulation of the crypto space is necessary, such stringent capital thresholds could stifle innovation The House of Representatives ad-hoc committee investigating the economic, regulatory, and security implications of cryptocurrency adoption and Point-of-Sale (POS) operations in Nigeria has faulted the ₦500 million to ₦1 billion capital requirement imposed by the Securities and Exchange Commission (SEC) on Virtual Assets Service Providers (VASPs). It described it as excessive and prohibitive....

Dangote, Minister of State for Petroleum Resources (Gas) push for indigenous investment, collaboration in Nigeria’s petroleum sector The Founder of Dangote Group, Mr. Aliko Dangote, has cautioned against using the cry of monopoly to discourage indigenous investment and industrial growth in Nigeria, urging instead for policies that promote productivity, innovation, and competition. Speaking at the 2025 inaugural annual downstream petroleum week organized by the House of Representatives Committee on Petroleum Resources (Downstream), Dangote represented by...

The House of Representatives has commenced investigations into the alleged mismanagement of oil spill clean-up funds  The House of Representatives has inaugurated an ad-hoc committee to investigate alleged mismanagement of oil spill clean-up funds in the Niger Delta, vowing to ensure accountability, transparency, and justice for affected communities. Speaking at the inauguration on Friday at the National Assembly Complex, Abuja, chairman of the committee, Rep. Okpolupm Etteh (PDP,  Akwa Ibom), said the committee’s establishment underscores...

NECO is to be investigated by the House of Representatives over alleged illegal virements, budget implementation, and mismanagement of internally generated revenue (IGR) between 2023 and 2025 The House of Representatives has mandated its committee on Basic Education and Examination Bodies to investigate the National Examination Council (NECO) over alleged unauthorised virements, budget implementation, and management of internally generated revenue (IGR) between 2023 and 2025. The resolution followed the adoption of a motion of urgent...

The Ministry of Women Affairs has been tasked to create safe spaces and provide mental health support for girls coping with trauma The House of Representatives has called on the Federal Government to prioritise education, protection, and leadership opportunities for girls, especially those in crisis-affected communities, as part of activities marking the 2025 International Day of the Girl Child. The motion, moved under matters of urgent public importance by Rep. Kafilat Ogbara, Chairman of the...

While the ad-hoc committee has vowed to recover $9bn lost to illegal mining, the NSCDC disclosed that over 500 illegal miners have been arrested, with 270 currently facing trial The House of Representatives ad-hoc committee on illegal mining has pledged to recover the $9 billion lost annually to illicit mining activities in Nigeria. The committee chairman, Rep Sanni Abdulraheem, stated this while speaking during the inauguration of the committee on Wednesday. Abdulraheem described illegal mining...