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Again, CBN allays fears of naira scarcity, use of old notes

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...

Reps charge Wike to prioritise revenue generation in FCT

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 distances self from campaign of calumny against Onyejiocha

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...

President Tinubu to present 2024 budget in November

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...

Remove President’s power to appoint INEC chairman – Jega

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...

Senate calls for electronic transmission of election results from 2027

The Senate said the ambiguity contained in Section 64 of the Electoral Act should be removed to enable electronic transmission of election results. The Senate has proposed an amendment to the Electoral Act to make mandatory, the electronic transmission of results and uploading of polling unit-level results and result sheets used at different levels of result collation from the next general elections in 2027. It also proposed diaspora voting as well as unbundling of the...

Breaking: Tinubu withdraws nomination of Imam as FERMA board chairman

Tinubu’s appointment of the 24-year-old had generated criticisms from the public as many opined that he lacked the requisite experience to head the FERMA Board. President Bola Ahmed Tinubu has directed the withdrawal of the nomination of Imam Kashim Imam as Chairman of the Board of Directors of the Federal Roads Maintenance Agency (FERMA). Recall that President Tinubu appointed the 24-year Imam on 13 October to head the Board for a renewable term of four...

Channel fuel subsidy savings to healthcare, Reps to Tinubu

The motion sponsor posited that the country’s healthcare crisis cannot be resolved without Universal healthcare coverage. The House of Representatives has asked President Bola Tinubu to allocate part of the Fuel subsidy removal savings to the provision of healthcare for vulnerable people. This is even as it advocated for increased access to quality and affordable healthcare in Nigeria. These were contained in a motion “Calling on the National Health Insurance Authority (NHIA) to cover Vulnerable...

Declare state of emergency on drug abuse, Senate to FG

While noting an increase in liver disease in the country due to drug abuse, the motion sponsor added that most families have at least one member, who abuses drugs. The Senate has called on the Federal Government to declare a state of emergency on the alarming rate of drug abuse in the country. It also called on the National Agency for Food & Drug Administration & Control (NAFDAC), National Drug Law Enforcement Agency (NDLEA), and...

Why FG must finance energy transition — Hon. Onuigbo

Onuigbo said the shift from traditional energy sources to renewables is essential for sustainable development. A former member of the House of Representatives, Hon. Samuel Onuigbo, has urged the federal government to commit to financing energy transition in Nigeria, as this will ensure sustainable progress in the present climate context. This is as he also called on investors to seize the opportunity presented by Nigeria’s vast potential for renewable energy. Onuigbo said this while delivering...

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