News

House progress bill to promote technology transfer

Elizabeth AtimeNovember 28, 20243 min

The bill seeks to promote technological transfer to ensure regular value addition to the nation’s solid mineral exploration. A Bill to monitor the inflow of foreign products and technology into Nigeria, passed its second reading in the House of Representatives on Wednesday. The sponsor of the bill, Rep. Clement Jimbo (APC,Akwa Ibom), explained that the proposal seeks to leverage Nigeria’s vast and dynamic population to create employment opportunities for youths, transform raw materials into finished...

Senate

Tax reform bills scale second reading in senate

Sharon EboesomiNovember 28, 20247 min

All senators present at plenary except Sen. Ali Ndume who kicked against the tax reform proposals on the grounds of timing and lack of wider consultations. The senate has passed the second reading of four contentious tax reform bills. The resolution of the senate was sequel to presentation of the lead debate on the general principles of the bills by the Leader of the Senate, Opeyemi Bamidele (APC, Ekiti Central) during Thursday’s plenary. Prior to...

House of Representatives

House of Reps confirm Oluyede as chief of army staff

Leah TwakiNovember 28, 20243 min

The House of Representatives confirmed Oluyede as the new Chief of Army Staff (COAS) The House of Representative has confirmed the appointment of Lt.-Gen. Olufemi Oluyede as the Chief of Army Staff (COAS). The confirmation followed the consideration of the report from the ad–hoc committee on confirmation/screening for acting Chief of Army Staff on Thursday. The chairman of the ad-hoc Committee Rep. Babajimi Benson (APC Lagos) while reading the synopsis of the report said that...

House of Representatives

Army chief screening, electricity meters, and CNG explosions | HOUSE GIST TODAY

Leah TwakiNovember 27, 20244 min

The screening of the acting army chief, a probe of outdated electricity meters and another investigation into CNG tank explosion are key highlights from today’s plenary session of the House of Representatives Reps screen acting COAS, Oluyode The House of Representatives on Wednesday screened the acting Chief of Army Staff (COAS), Olufemi Oluyede. He told the joint committee on defence and army of his extensive experience, having served in the Nigerian Army for over 30...

Senate

Senators row over tax bills as Abuja development bill progresses | SENATE GIST TODAY

Sharon EboesomiNovember 27, 20244 min

Senators squared at each other over tax reforms as a bill for Abuja development scales second reading in today’s plenary ‘Nothing to show for 60 taxes, levies collected’ Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has criticised the federal government for having little to show despite collecting over 60 taxes and levies across the country. Oyedele made this statement while addressing senators during Wednesday’s plenary on President Bola Tinubu’s...

House of Representatives

Reps approve N1400 per dollar as exchange rate for 2025 budget

Leah TwakiNovember 27, 20242 min

In approving the 2025–2027 MTEF/FSP, representatives pegged the exchange rate at N1400 per US dollar, $75 oil benchmark and 2.06 million barrels of production per day. The House of Representatives has approved the recommendations of its joint committees on finance, national planning, and economic development on the 2025–2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The approval came after the committee on supply considered the report presented by Rep. James Abiodun Faleke...

Senate

‘Nothing to show for 60 taxes, levies collected’ – Presidential panel

Sharon EboesomiNovember 27, 20242 min

Oyedele stressed the need for urgent reforms, highlighting that businesses in Nigeria often pay taxes even when operating at a loss. Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has criticised the federal government for having little to show despite collecting over 60 taxes and levies across the country. Oyedele made this statement while addressing the senate during Wednesday’s plenary. This session occurred amid a tense atmosphere following...

House of Representatives

Reps seek regulation of POS operators, KYC for users

Leah TwakiNovember 27, 20242 min

The Central Bank of Nigeria (CBN) governor, MDs of commercial banks and other financial institutions have been tasked on POS operations The House of Representatives has called for immediate measures to address the challenges posed by undocumented identities in Point of Sale (POS) transactions in Nigeria. This is as it mandated its committees on digital and electronic banking, finance, banking regulations, and financial crimes to invite the governor of the Central Bank of Nigeria (CBN),...

Senate

Tax bills: ‘You will use your gavel, I will use my voice,’ Ndume slams Barau

Sharon EboesomiNovember 27, 20244 min

The lingering controversy over President Tinubu’s tax bills caused a row in the Senate today as Sen. Ndume slammed Deputy Speaker Barau Senate plenary on Wednesday escalated into a heated argument and shouting match as the controversial tax bills were introduced for debate, despite its absence from the order paper. The disagreement began when Senate Leader Opeyemi Bamidele raised Order 12(1), suspending senate rules to permit two tax experts, the Director General, Budget office, Tanimu...

House of Representatives Parliamentary Resources

15 years imprisonment for illegal organ harvesting as Reps advance bill

Leah TwakiNovember 27, 20245 min

A person found guilty of engaging in organ trafficking faces a minimum sentence of 15 years imprisonment A bill aimed at prohibiting and penalizing organ trafficking in Nigeria has advanced in the House of Representatives. Sponsored by Rep. Fuad Kayode Laguda (APC, Lagos), the proposed legislation passed its second reading on Tuesday, marking a significant step toward addressing a long-standing issue in Nigeria and globally. Key Provisions of the Bill The bill seeks to amend...

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