LEGISLATURE

The National Assembly on Wednesday increased the 2023 budget proposal from N20.51tn to N21.82tn and passed it. The President, Major General Muhammadu Buhari, (retd) had on October 7, 2022, presented a budget proposal of N20.51tn to the parliament with  a deficit of N10.782tn. The…

The Senate on Wednesday rejected the request by the President, Major General Muhammadu Buhari, (retd.), to restructure the N22.7tn Ways and Means advances collected by the Federal Government from the Central Bank of Nigeria. The lawmakers rejected the request after an uproar in the…

The House of Representatives has called for a ban on police officers from consuming alcohol and other hard substances capable of inhibiting their sense of reasoning. Adopting the motion, the lawmakers while agreeing that the Nigerian police act on the general conduct of…

The Senate has proposed the establishment of 376 new agencies and institutions despite moves by the Federal Government to restructure the public service in line with the Steve Oronsaye Committee Report on Restructuring and Rationalisation of Federal Government Parastatals, Agencies and Commission. The…

An attempt by the National Assembly Joint Committee on ICT and Cyber Security  to stage a public hearing last Friday on the controversial National Information Technology Development Agency, NITDA Bill, 2021, giving less than a day notice to stakeholders has attracted flaks…

The Senate yesterday faulted the revocation of Atala Marginal oil field (OML 46) in February 2020 by the Department of Petroleum Resources (DPR), now Nigerian Upstream Petroleum Regulatory Commission (NUPRC). It consequently ordered the commission to reallocate the oil field to original owners…

There was a power play at the National Assembly on Friday between members of the Senate and House of Representatives Joint Committee on ICT and Cybersecurity over a bill to repeal and re-enact the National Information Technology Development Agency. The bill seeks, among…

The National Assembly on Thursday failed to pass the 2023 Appropriations bill as earlier scheduled. Indications of this emerged when the budget report was not listed on the Order Paper for Thursday’s legislative activities. Shortly after a closed-door session that lasted 15 minutes, the…

The Central Bank of Nigeria on Thursday defended the cash withdrawal limits policy, insisting that it was not targeted at vulnerable people. Defending the policy while appearing before the House of Representatives, the Deputy Governor, Financial System Stability, CBN, Aisha Ahmad, declared that…

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has written to the House of Representatives, explaining why he will not be able to honour the invitation sent to him in person. The letter sent to the House by the CBN…