HomeTag

Hightlight Archives - Page 2 of 59 - OrderPaper

Reps accuse Multichoice of alleged tax indebtedness of $342M 

The House mandated an urgent investigation into the non-remittance of tax revenues of about N1.8 trillion by Multichoice with a focus on the suppression of information discovered from their submissions in their home country. The House of Representatives has cautioned potential buyers of Multichoice Nigeria, Multichoice Africa or any other Subsidiaries of the Multichoice Group operating in Nigeria to be aware of the alleged outstanding indebtedness of $342 million tax revenue owed to the Federal...

Senate rejects bill to include Anambra in NDDC 

The majority of the Senators, in their contributions, kicked against Nwoye’s argument because States like Kogi and Lagos States are not covered by NDDC operations. The Senate has rejected a bill seeking to include Anambra State as a member of the Niger Delta Development Commission (NDDC). The bill titled, “A bill for an Act to Amend the Niger Delta Development Commission (NDDC) Act to make provisions for the inclusion of Anambra State as one of...

Insecurity: Senate calls on IGP to install CCTV cameras to tackle kidnappings

The Senate observed a minute of silence in honour of those killed by bandits. The Senate has called on the Inspector General Of Police to ensure the installation of CCTV cameras in strategic locations within and around Abuja highways and other major capital cities to bolster surveillance and deter criminal activities. This is as the Senate resolved to Invite the Commissioner of Police, the Minister of Police Affairs and the FCT Minister to brief the...

Senate okays sack of FCCPC boss, Babatunde Irukera

President Bola Tinubu sent a request to the Senate requesting the sack of the FCCPC boss The Senate has approved a request from President Bola requesting the sack of the Federal Competition and Consumer Protection Commission Executive Vice Chairman (FCCPC), Babatunde Irukera.  This according to President Tinubu is in accordance with Section 8 (1)(b) and  (2) of the Federal Competition and Consumer Protection Commission Act, 2018. READ ALSO: Kawu questions Tinubu’s removal of MDGIF boss  ...

CBN increases interest rate to 22.75% at MPC Meeting

The decision by CBN to raise the Monetary Policy Rate (MPR) marked a substantial adjustment aimed at addressing the persistent inflationary challenges faced by the country. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by four hundred basis points to 22.75 per cent from 18.75 per cent. In a pivotal move, the Apex Bank announced a significant shift in its monetary policy during the...

Senate reaffirms plans to probe N30trn Ways and Means

To carry out an effective investigation into the N30trn Ways and Means, the Senate has set up an ad hoc committee to report back in 4 weeks. The Senate is set to commence an investigation into the payment of N30 trillion “Ways and Means” secured from the Central Bank of Nigeria (CBN) by the immediate past government in the last 10 years and has set up an ad hoc committee to carry out a holistic investigation...

Senate to introduce food stamp to cushion food insecurity

This, according to the Senate is intended at working out practicable templates and implementable modalities for the actualisation of the program. The Senate has urged the Federal Government to introduce the Nigerian version of the Food Stamps program as an interventionist measure to cushion the effects of food insecurity/shortage in the country. It therefore mandated the Federal Ministry of Agriculture to liaise with development partners and other relevant stakeholders, especially the Lagos Food Bank Initiative,...

Deputy Speaker urges development partners’ continuous support for CSOs, government agencies

Rep. Kalu emphasized the need for development partners like USAID to offer continuous support to Civil Society Organizations (CSOs) and government agencies. The Deputy Speaker of the House of Representatives, Rep. Benjamin Kalu (APC, Abia), has called on development partners like the United States Agency for International Development (USAID) to offer continuous support in the ongoing capacity building and conversations surrounding fiscal reforms. Speaking at a workshop in Abuja designed for National Assembly members, Rep....

Reps to investigate Ministries, Department and Agencies over discrimination against persons with disability

The discrimination against persons with disabilities prohibition Act specifies that persons with disability have the right to access the physical environment and buildings like others. To ensure equality, and fairness and reduce discrimination against persons with disability, the House of Representatives has taken a bold step to investigate discrimination against disabled people. The motion, sponsored by Rep.Lanre Okunlola (APC, Lagos), stated that Sections 3–8 of the Discrimination against persons with disabilities prohibition Act, 2018 specifies...

Senate moves to increase bank’s authourised capitalisation to N1trn 

The Senate proposed a 6-year single term for CBN governors and a one-year notice for the replacement of existing banknotes. The Senate has passed for second reading a bill seeking some amendments to the Central Bank of Nigeria (CBN) Act, including a proposal to increase the Bank’s authorised capital to N1 trillion.  The bill also seeks to ensure that the Apex Bank gives a notice of at least one year to replace the existing legal...

  • JOIN OUR COMMUNITY

  • MEMBERSHIP BENEFITS
    Close