Reps Demands Beneficiary List of N34trn Customs Duty Waiver   The House of Representatives Committee on Finance has directed the Nigeria Customs Service to provide a comprehensive breakdown of the approximately N34tn worth of import duty waivers granted in 2025, demanding details of the beneficiaries, the...

Reps Move to Regulate CBN Operations   The House of Representatives on Thursday took initial legislative steps to strengthen transparency and accountability in the operations of the Central Bank of Nigeria, following the second reading of a bill seeking comprehensive amendments to the Central Bank of...

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   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   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   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...