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Reps propose establishment of Mining Development Bank

The Bill has several important implications and benefits for the country’s mining sector through support of capacity-building initiatives in the sector. The House of Representatives on Tuesday passed into second reading a Bill seeking to establish a bank that will cater for small miners to support the growth and development of the sector. The piece of legislation is titled “A Bill for an Act to Establish the Nigeria Mining Development Bank” (NMDB) sponsored by Rep....

Reps promise strict oversight of customs to shore revenue

The house committee, happy with the recent amendment to the customs and excise law, promised to strictly monitor the revenue generation and remittances of the customs service Nigeria’s House of Representatives Committee on Customs and Excise said it will provide a strict oversight over the activities of the Nigeria Customs Service (NCS) to ensure enhanced revenue generation and remittances to public coffers. Rep. Leke Abejide (ADC, Kogi), Chairman of the Committee, made this declaration at the...

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