Committee on Finance
Senate refers President Buhari’s request to confirm new service chiefs, others to committee
The Senate on Wednesday referred President Muhammadu Buhari’s request for the confirmation of the newly appointed Chief of Defence Staff and Service Chiefs to its Joint Committee on Defence, Army, Airforce and Navy for screening.
PDP expresses concern over $1.2 billion loan from Brazil
The Peoples Democratic Party (PDP) has expressed concern over fresh plans by the Federal Government to secure an additional US$1.2 billion loan from the Brazilian Government.
Nigerian government seeks National Assembly approval for $1.2 billion agriculture loan
The Federal Government is seeking the approval of $1.2 billion loan from the National Assembly to address issues in the agriculture value chain, finance minister Zainab Ahmed said on Tuesday in Abuja at the ministry’s budget defence.
FIRS generates N3 billion from stamp duty weekly – chief
The Federal Inland Revenue Service (FIRS) generates about N3 billion from stamp duty weekly.
Senate invites finance, works ministers, others over road projects
The Senate committee on finance has invited the Minister of Finance, Zainab Ahmed, over the funding status of three federal government legacy road projects estimated to cost N2.7 trillion.
House of Reps give seven days for MDAs, TELCOs to appear before it
The House of Representatives has giving seven days ultimatum to all heads of Ministries Departments and Agencies of the Federal Government, as well telecommunication companies yet to honour its summons to appear before its Committee on Finance or risk arrest.
Revenue loss: House of Reps threaten telco chiefs with arrest
The House of Representatives has given the Chief Executive Officers of telecommunications service providers a seven-day ultimatum to appear before its Committee on Finance.
Forex racketeering: House of Reps probe CBN, FIRS, others over $30 billion leakages
The House of Representatives has resolved to investigate the Central Bank of Nigeria and the Federal Inland Revenue Service over alleged racketeering in the allocation of foreign exchange to companies.
Senator Adeola appointed APC NEC member
Sen. Solomon Adeola, the chairman of the Senate Committee on Finance has been appointed into the National Executive Committee (NEC) of the All Progressives Congress, APC.
House of Reps orders Centre to remit N542 million within 21 days
The House of Representatives Committee on Finance has asked the Centre for Management Development (CMD) to remit N542 million to federal government within 21 days .
Rep: NIGCOMSAT chief too incompetent to run agency
The House of Representatives Monday dismissed as grossly incompetent, the management of the Nigerian Communications Satellite, NIGCOMSAT, Ltd, over their failure to account for revenues generated by the agency from 2012-2019.
Debts from 19 states delay NECO remittances to federal government
The National Examination Council (NECO) Wednesday disclosed that the debt owed it by 19 states has affected its remittances to the Federation Account.
House of Reps applauds Customs’ enviable IGR performances
The House of Representatives Committee on Finance on Thursday, commended the Nigerian Customs Service (NCS), over the enviable performances it has continued to record in its Internally Generated Revenue (IGR) since the year 2015.
Senate confirms Muhammad Nami, 13 others as FIRS board members
The Senate on Wednesday confirmed the nomination of Muhammad Nami as the Executive Chairman, Federal Inland Revenue Services and 13 others as board members.
Senate seeks legal backing for constituency projects in national budget
The Senate on Wednesday sought to provide legal backing to the provision of Constituency Projects in Nigeria’s annual budget by a minimum of 20 per cent.
Senate seeks legal backing for constituency projects in national budget
The Senate on Wednesday sought to provide legal backing to the provision of Constituency Projects in Nigeria’s annual budget by a minimum of twenty percent.
Senate mandates committee to investigate issues on foreign vessels
The Senate on Wednesday at the plenary mandated its Committee on Local Content to investigate reasons for the dominance of foreign vessels above locally owned and registered vessels in the domestic carriage of petroleum products within coastal inland waterways of Nigeria.
Senate begins confirmation process of new FIRS chairman, board members
The Senate on Wednesday began the confirmation process of Mohammad Mamman Nami as the Chairman, Federal Inland Revenue Service, FIRS.
Lagos assembly approves N250 billion loan for capital projects
The Lagos House of Assembly on Friday granted approval for Governor Babajide Sanwo-Olu to access a loan of N250 billion for capital projects in the state.
Senate approves 7.5% VAT increase
The Senate passed the 56 amendments on the 2019 Finance Bill but some senators kicked against the increase in VAT during the presentation and consideration of the report of the Senate Committee on Finance.
Senate panel rejects central bank team at investigative hearing
The Senate Committee on Finance on Monday prevented the representatives of the Central Bank of Nigeria Governor, Godwin Emefiele, from addressing it on the issue of exchange rates for funding key projects.
Senate summons central bank chief over exchange rates for infrastructure projects
The Senate Committee on Finance has summoned the Governor of Central Bank of Nigeria, Godwin Emefiele, to appear before it on Monday.
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Ex-VP Namadi Sambo advocates shift in Nigerian educational system
Former Vice President Namadi Sambo has advocated for a dynamic approach of the Nigerian educational system to produce employees with skills and ability to handle complex jobs and create opportunities for others.
NAFDAC busts alleged illegal maize flour production facility in Yobe
The National Agency for Food and Drug Administration and Control (NAFDAC) says it has busted an alleged illegal maize flour production outfit in Potiskum town of Yobe.
Osun governor condemns ethnic colouration in fight against terrorism
Governor Gboyega Oyetola of Osun State has condemned the ethnic coloration in which the fight against terrorism and insurgency is taking in Nigeria.
Wole Soyinka to Nigerians: Don’t accept child hostage taking as a way of life
Following the Friday abduction of over 300 school children in Jangebe in Zamfara State, Nobel laureate, Prof. Wole Soyinka, on Saturday warned Nigerians against accepting kidnapping of school children in parts of the north as a way of life.
Former NAF chief Nsikak Eduok laid to rest in Akwa Ibom
It was a harvest of tributes for a former Chief of Air Staff, late Air Marshall Nsikak Eduok as his remains were laid to rest in his hometown in Ibesikpo Asutan, Akwa Ibom state on Saturday.
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House of Reps committee to investigate foreign affairs ministry, calls for public support
The House of Representatives, has called for evidence from the public, to enable it carry out an extensive investigation into alleged malpractices in the Ministry of Foreign Affairs.
Abia government reacts to attack on police station, places N1 million bounty on information...
Abia State Government has reacted to yesterday’s attack on Abayi police station in which two policemen were killed and arms carted away by gunmen.
Myanmar: The revolution will be Facebook-lived
When he heard soldiers had taken power in Myanmar again, Thar Lon Zaung Htet hurried to the office of his news agency in Yangon, grabbed a few essentials and carefully locked up.
Kano set to design metro transport master plan
The Kano state Executive Council has approved the constitution of a committee, to design a Strategic Metropolitan Transport Master Plan, in order to regulate the transport system in the metropolis.
AfDB chief: Nigerian system not federalism but fatherism
The President of the African Development Bank Group, Dr Akinwumi Adesina, has lamented that the Nigerian system is not federalism but “fatherism”.