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President of the Senate Ahmad Lawan on Tuesday tasked top security officials to beef up security measures at the National Assembly.

National Assembly leadership meet ministers on planned 2020 budget review

The Leadership of the National Assembly on Wednesday held a meeting with some Ministers and Heads of agencies from the Executive arm of Government to brainstorm on the impact of Coronavirus pandemic on the Nigerian economy.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Nigeria slashes oil benchmark to $30 per barrel

The Federal Government on Wednesday proposed the reduction of oil benchmark, upon which the 2020 budget was predicated, from $57 to $30 per barrel.
President of the Senate, Ahmad Lawan, disclosed on Tuesday that the Senate may next week consider the report of an Ad-Hoc Committee on security challenges with a view to finding solutions to Nigeria’s security problems.

Senate wants 2020 budget reviewed as oil prices crash amidst coronavirus outbreak

The Senate, on Tuesday, said the review of the 2020 budget passed by the National Assembly has become inevitable as a result of tumbling oil prices amidst the coronavirus outbreak.
President of the Senate, Ahmad Lawan, disclosed on Tuesday that the Senate may next week consider the report of an Ad-Hoc Committee on security challenges with a view to finding solutions to Nigeria’s security problems.

Oil price: Senate sets up joint committee over 2020 budget

The Senate on Tuesday constituted a joint committee to liaise with the Executive over the dwindling international oil price as it affects the implementation of the 2020 Appropriation Act.
Sonny Echono

Official: N86 billion earned allowance paid to lecturers in seven years

The Federal Government has revealed that the sum N86 billion has been paid to members of academic unions of the tertiary institutions as earned academic allowances between 2013 to 2019 financial years.
Director of Information, National Assembly Abuja, Rawlings Agada, has said the sum of N37 billion, approved for the renovation of the National assembly complex may not be enough for the work.

National Assembly urged to strengthen oversight on defence sector

Civil Society Legislative Advocacy Centre (CISLAC) has urged the National Assembly to strengthen its legislative oversight on defence in order to restore integrity, reduce leakages and promote accountability in the defence and security sector.
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit asking the Federal Capital Territory (FCT) High Court to- “declare the life pension edict-law 2019, passed by the Abuja Municipal Area Council (AMAC) null and void.

IGR: CSO petitions AMAC legislators, wants council chairman probed

A Civil Society Organization (CSO) under the aegis of Civil Society for Human Rights and Rehabilitation has petitioned the legislative arm of Abuja Municipal Area Council to investigate alleged infractions committed by the chairman of the council, Hon. Abdullahi Adamu Candido.

DMO: Nigeria public debt stands at N26.2 trillion

The Debt Management Office (DMO) says the total public debt as at September 2019 stood at N26.215 trillion.
President Muhammadu Buhari on Monday signed the finance bill into law.

New VAT rate takes off as President Buhari signs Finance Bill into law

The increase of the Value Added Tax (VAT) rate from 5 per cent to 7.5 per cent has taken effect following the signing into law the Finance Bill, 2019, by President Muhammadu Buhari on Monday.
Director of Information, National Assembly Abuja, Rawlings Agada, has said the sum of N37 billion, approved for the renovation of the National assembly complex may not be enough for the work.

Court asked to stop federal government from spending N37 billion to renovate National Assembly...

The Socio-Economic Rights and Accountability Project (SERAP), BudgIT, Enough is Enough (EiE) and 583 concerned Nigerians have filed a lawsuit asking the Federal High Court, Abuja to “restrain and stop President Muhammadu Buhari and Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning from releasing N37 billion allocated for the renovation of the National Assembly complex to the Federal Capital Development Agency and the National Assembly until an impact assessment of the spending is carried out.”
Abubakar Malami

2020 budget will gulp bulk of looted funds recovered

There were indications on Tuesday that paucity of funds available to the Federal Government to meet infrastructural needs, especially the implementation of the 2020 budget when passed, may compel the government to channel most of the funds so far recovered through its anti-graft policy into the budget.
Prof. Mahmood Yakubu, the Chairman, Independent National Electoral Commission (INEC)

Mahmood Yakubu: INEC followed 2019 budgetary provision despite pressure

Mahmood Yakubu, chairman of the Independent National Electoral Commission (INEC), says the commission followed the 2019 budgetary provision despite pressure to accommodate some of its activities.
Abubakar Malami

AGF demands release of 2.5% recovered assets

Attorney-General of the Federation, Abubakar Malami on Wednesday called for the approval of 2.5 per cent as requisite commission arising from recovery of off-shore stolen assets from the country.

Oil firms at $59 as US, China tariff hike wanes

Oil prices rose in highly volatile trade on Tuesday in the wake of expectations of a drawdown in the United States (U.S.) crude inventories.
Debt Management Office (DMO)

Nigeria’s second Sovereign Green Bond oversubscribed by 220 percent

A statement from the Debt Management Office (“DMO”) on Thursday said: “The proceeds of the Green Bond will be used to finance projects in the 2018 Appropriation Act, which will contribute to Nigeria’s commitments to the Paris Agreement on Climate Change.”

House of Reps condemn federal government department’s ‘copy and paste’ budget

The House of Representatives’ Committee on Urban Development and Regional Planning on Thursday condemned the untidiness and errors in the 2019 budget proposal presented by the Urban and Regional Development of the Federal Ministry of Power, Works and Housing.

ICPC begins probe of ministries, departments, agencies

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has confirmed that it had commenced probe of federal government parastatals.
Isiaka Abdulrazaq

NNPC: We’ve right to make withdrawals from NLNG dividend account

The Nigerian National Petroleum Corporation (NNPC) insists there is nothing illegal about the withdrawals made from Nigerian Liquefied Natural Gas (NLNG) Dividend Account

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The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 7

Speaker Gbajabiamila: Chinese doctors must be quaratined

Speaker Femi Gbajabiamila on Monday insisted the Chinese doctors coming to help in the fight against COVID-19 must first be quarantined for 14 days and comply with all relevant laws in the country.
Gov. Andrew Cuomo said New York will postpone its April 28th presidential primary election until June 23rd, as the Empire State deals with the largest coronavirus outbreak in the US, the New York Times reports.

New York increases fine for violating social distancing guidelines to $1,000

New York Governor, Andrew Cuomo, on Monday said that fines for violating social distancing guidelines would be increased from $500 to $1,000.
The countries according to the Minister of Interior, Rauf Aregbesola, are China, Italy, Iran, South Korea, Spain, Japan, France, Germany, Norway, the United States of America, the United Kingdom, Netherlands and Switzerland.

Nigeria declares April 10, 13 as Easter holidays

The Federal Government has declared Friday, April 10 and Monday, April 13 as public holidays to mark the 2020 Easter Celebration.
Abdullahi Umar Ganduje

Kano coronavirus fund raising committee hits N400 million

The COVID-19 Fund Raising Committee constituted by governor Abdullahi Umar Ganduje of Kano state submitted its interim report on Monday, saying it had raised almost N400m.
The Embassy of Japan, in collaboration with a Non-Governmental Organisation (NGO), Street To School Initiative, has unveiled a newly renovated ultra-modern Primary Healthcare Centre (PHC) for residents of Surulere Community in Agbado-Oke-Odo, Lagos

Japan donates $236, 000 for humanitarian mine action in Northeast

The United Nations Mine Action Service (UNMAS) has received a donation of $236, 363 from the Government of Japan to support the UNMAS Nigeria in providing critical life-saving humanitarian assistance to civilians and humanitarian actors in the Northeast.