The Service Chiefs also took turns to outline their efforts to tackle the country’s security situation. Nigeria Service Chiefs have identified inadequate funding, lack of equipment, and poor welfare as challenges to addressing the security situation in the country. This is as the Chief of Army Staff identified the efforts of security operatives in tackling the prevalence of violent extremism, banditry, militancy, and terrorism in the country. The Service Chiefs spoke at the commencement of...
Following the naira redesign, the validity of the old notes was extended to December 2023 but with a new Governor, Yemi Cardoso, the Apex Bank says the old currency notes are now legal tenders indefinitely. The Central Bank of Nigeria (CBN) has said that the old N200, N500, and N1,000 notes are to remain legal tender indefinitely. In a statement issued by CBN’s Director of Corporate Communications, Isa AbdulMumin, on Tuesday, the Apex bank said...
The Public Complaints Commission is constitutionally mandated to address cases of injustice perpetrated by either government officials or authority, private organisation or between persons. The President of the Senate, Godswill Akpabio has been charged to reposition the Public Complaint Commission (PCC) to ensure service delivery. The National Coordinator of the Network for People’s Congress (NPC), Malam Ladan Mohammed, who made the call on Tuesday while speaking to journalists at the National Assembly, argued that the...
Nigeria has the largest gas reserves in Africa and 9th largest in the world. The Nigeria Extractive Industries Transparency Initiative (NEITI), has expressed optimism that gas will play a major role in Nigeria’s transition to cleaner energy sources. This is even as it stressed the need for technology, innovation, exploration, production, and commercialization of gas to enable the country to meet the net zero target set for the year 2060. The Executive Secretary of NEITI,...
The lawmakers reiterated the commitment of the 10th House to strengthen and deepen the country’s electoral process and serve as a deterrent against electoral malpractices. The House of Representatives has called on the electorate in Bayelsa, Imo, and Kogi States to come out en masse and participate in the November 11, 2023 Gubernatorial Elections. The call is contained in a statement jointly signed by the Chairmen of the House Committees on Electoral Matters and the...
The Apex Bank reiterated that all denominations of banknotes issued by it remain legal tender. The Central Bank of Nigeria (CBN) has directed all its branches across the country to continue with the issuance of different denominations of old and redesigned banknotes in adequate quantities to deposit money banks (DMBs) for onward circulation to bank customers. The CBN also insisted that all banknotes issued by it remain legal tender. This was contained in a statement...
Rep. Betara assured that the Committee will support the Minister to generate more revenue for the development of infrastructure in the FCT. The House of Representatives Committee on the Federal Capital Territory (FCT) tasked the Minister, Nyesom Wike to commit to improving revenue generation in the FCT to fund the infrastructural deficit in the city. It also urged the Minister to prioritise the security of the lives and property of persons residing in the nation’s...
Kalu urged Onyejiocha to busy herself and contribute to finding solutions to the myriad of challenges currently facing the country. The Deputy Speaker of the House of Representatives, Rep. Benjamin Kalu, has denied any involvement in the slander of the Minister of State for Labour & Productivity, Hon. Nkeiruka Onyejiocha. This is even as he insisted that he enjoys a robust and healthy relationship with the Honorable Minister. In a statement issued by his Chief...
The Appropriations Committee chairman said the National Assembly will not approve a budget that is inflated by the cost of governance as against driving infrastructure. President Bola Ahmed Tinubu will present the 2024 budget estimates to the National Assembly in November, for scrutiny and eventual passage. The National Assembly will also receive Federal Government the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy (FSP) from the Federal Government next week for scrutiny. The Chairman, Senate...
Prof. Jega said taking the President of the power to appoint INEC chairman will free the commission from partisanship. Former chairman of the Independent National Electoral Commission (INEC), Prof. Attahiru Jega, has proposed that the power to appoint the chairman of the Independent National Electoral Commission (INEC) be taken from the President. This is as he noted the need for further amendments to remove ambiguities, clarify and strengthen some of its sections. Jega, who...
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