The Deputy Speaker of the House of Representatives, Benjamin Kalu, on Monday said that the Petroleum Industry Act 2021 has attracted about $16bn worth of investments in the petroleum sector since it was signed into law a few years ago.

Oil Theft: Nigeria lost about $10bn in seven months - Speaker Abbas Speaker of the House of Representatives, Abbas Tajudeen said on Thursday, July 25, that the country lost about 10 billion dollars in revenue to crude oil theft between January and July 2024. Speaking through...

Reps Move to Broaden Coverage of Capital Market in Nigeria    The House of Representatives has passed a bill for a second reading that will broaden Nigeria's capital market by allowing greater participation from entities that have previously been excluded. The bill sponsored by Benjamin Kalu...

Reps To Pass 2022 Appropriation Bill Next Wednesday     The House of Representatives has said the 2022 Appropriation Bill will be passed as scheduled next week Wednesday. The Chairman of the House Committee on Media and Public Affairs, Benjamin Kalu, while briefing journalists on Thursday, said the...

House Passes 2022-2024 MTEF, Approves N4.89trn New Borrowings         Like the Senate, the House of Representatives has passed the 2022–2024 Medium Term Expenditure Framework and Fiscal Strategy Paper as presented by President Muhammadu Buhari. The passage followed consideration and adoption of the report by the House Committee...

Present Your Budgets To N'Assembly, Reps Tell CBN, FIRS, Others         The House of Representatives has called on the Central Bank of Nigeria, Federal Inland Revenue Service and other statutory bodies of the Federal Government to emulate the Nigerian National Petroleum Corporation, by making their finances...