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House of Reps Investigates Banks Over Tax Deductions, Multiple Charges

House of Reps Investigates Banks Over Tax Deductions, Multiple Charges   The House of Representatives has inaugurated an ad-hoc committee to investigate growing concerns over excessive tax deductions from the earnings of civil and public servants, as well as multiple and unclear bank charges imposed on...

Reps to Summon CBN, Others Over Automotive Finance Scheme

Reps to Summon CBN, Others Over Automotive Finance Scheme   The House of Representatives Committee on Industry has pledged to work towards improving access to affordable vehicle financing for Nigerians as part of efforts to strengthen the country’s automotive sector. To this end, the committee has pledged...

FRC Act Continues to Govern Financial Reporting, Says Reps

FRC Act Continues to Govern Financial Reporting, Says Reps   The House of Representatives has stated that the Financial Reporting Council Act, 2023 remains operational until amended by the National Assembly. The spokesman of the House, Akin Rotimi, made the declaration in a statement issued in Abuja...

Lawmakers Pass Bill to Restrict Foreign Vessels in Nigeria’s Coastal Waters

Lawmakers Pass Bill to Restrict Foreign Vessels in Nigeria’s Coastal Waters   The House of Representatives has taken steps to strengthen Nigeria’s shipping sector with a proposed amendment to the Coastal and Inland Shipping (Cabotage) Act, 2003 to restrict operations of foreign vessels in domestic...

Governors Threatening us Over Tinubu’s Tax Reform Bills – Reps

Governors Threatening us Over Tinubu’s Tax Reform Bills - Reps   The deputy spokesman of the House of Representatives, Mr Philip Agbese, has disclosed that some governors are threatening to deny some federal lawmakers return tickets in the 2027 general election if they did not withdraw...

Reps: FG Must Prioritise Nigeria’s Investment In Satellite Technology

Nigeria's House of Representatives has urged the federal government to prioritize protecting its orbital slots and investing in satellite technologies to ensure that Nigeria's allocated orbital slots are fully utilized before the impending deadline to prevent $400 million in losses.