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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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QPR playmaker Eberechi Eze said he is yet to make a decision on his international future with England and Nigeria hoping to secure his services.
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Cash transfer: Nigeria doles out N20, 000 each to 5, 000 FCT residents

The Federal Government has commenced payment of N20, 000 each to five thousand beneficiaries of its Conditional Cash Transfer (CCT) programme in the Federal Capital Territory (FCT).
Mr Olisa Ifeajika, Chief Press Secretary to Gov. Ifeanyi Okowa of Delta has donated sanitisers and other items to the people of his constituency, Illah, Oshimili North Local Government Area of the state.

Delta governor’s spokesman donates sanitisers, others to community

Mr Olisa Ifeajika, Chief Press Secretary to Gov. Ifeanyi Okowa of Delta has donated sanitisers and other items to the people of his constituency, Illah, Oshimili North Local Government Area of the state.
The United Arab Emirates has launched a drive-through coronavirus testing facility as part of the Gulf state’s efforts to fight the disease, the Abu Dhabi government’s media office announced.

Nigeria records 12 new coronavirus cases, total rise to 151

The Nigeria Centre for Disease Control (NCDC) released the new figures in a tweet on Wednesday, in its latest update on the disease.
Nigeria has confirmed 12 new casesof coronavirus with total number of cases in the country rising to 151.

Union demands life insurance, N100, 000 special coronavirus allowances for health workers

The Nigerian Union of Allied Health Professionals, NUAHP, on Wednesday, demanded life insurance scheme and immediate payment of N100, 000 special coronavirus allowances to all health workers at the frontline of the war against the disease as presently done to other health workers globally.