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Committee on Finance

The House of Representatives is calling for the postponement of the National Sports Festival scheduled to hold next week in Edo State.

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.
Olufemi Gbajabiamila

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.
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. 5

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.
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 .

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.
Retired Col. Hameed Ali, Comptroller-General of Nigeria Customs Service (NCS), on Thursday said the closure of Nigeria’s borders by Federal Government was undertaken to strengthen the nation’s security and protect its economic interests.

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.
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 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 President Ahmed Lawan 1

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 President Ahmed Lawan 2

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 President Ahmed Lawan 2

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.
President of the Senate, Ahmad Ibrahim Lawan (left) with the Senate Minority Whip, Senator Philip Tanimu Aduda, during the plenary on Tuesday, November 19, 2019. 2

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.
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.

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.
Nigeria’s Senate on Thursday passed the Finance Bill for the third time.

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.
national assembly abuja

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.
President of the Senate, Ahmad Lawan, presiding over the plenary in the upper chamber on Thursday, 3rd October, 2019.

Central bank governor to appear before Senate committee today

The Senate Committee on Finance has summoned the Governor of Central Bank of Nigeria, Godwin Emefiele, to appear before it on Monday (today).

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NCF not a political party yet – spokesman

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Head of Civil Service of the Federation, Dr Folasade Yemi-Esan, whose appointment was confirmed last week by President Muhammadu Buhari, also reiterated her commitment to giving focal and priority attention to capacity building.

Nigerian government warns civil servants against flouting coronavirus guidelines

The Federal Government has warned federal civil servants against flouting the workplace guidelines put in place to flatten the curve of coronavirus pandemic in the country.

Former Enugu SSG Samson Ukpabi passes on

A former Secretary to Enugu State Government and former Rector Nigerian Defence Academy (NDA), Kaduna Prof Samson Ukpabi is dead.
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US Sunbelt mayors push back against Trump’s virus optimism

US Sunbelt mayors warned Sunday that their cities are at risk of being overwhelmed by a surge of coronavirus cases as they pushed back against US President Donald Trump’s attempt to minimize the gravity of the spreading virus.
Governor Rotimi Akeredolu of Ondo State

Ondo governor appoints two new aides

Gov. Oluwarotimi Akeredolu of Ondo State has approved the appointment of Mr Oluwole Moneyin and Mrs Charity Thiti, as Special Assistants on special duties and women mobilisation respectively.