Reinforce The Use Of Coins, Reps Urge CBN   The House of Representatives has urged the Central Bank of Nigeria to “reinforce the use of coins as a legal tender and ensure that banks comply with the use of coins to the fullest.” Members of the House...

Audit Queries: Reps Write Kyari, Summon 17 NNPC Subsidiaries   The House of Representatives’ Committee on Public Accounts has written to the Group Managing Director of the defunct Nigerian National Petroleum Corporation, now Nigerian National Petroleum Company Limited, Mr Mele Kyari, over audit queries issued against...

Reps Demand Evidence of taxes, royalties, other Payments  House of Representatives Ad-hoc Committee on the recovery of N2.6 trillion being owed by oil and gas companies to federal government has instructed companies to ensure they prove they have made payments of taxes, royalties, and other...

Reps Probe 77 Oil Firms Over Unremitted N2.6trn Revenue   The House of Representatives, on Tuesday, commenced investigative hearing on the N2.6tn owed the Federal Government by 77 oil companies operating in Nigeria. The House is acting on the 2019 report of the Nigeria Extractive Industry Transparency...

Reps Grill Amaechi, BPE Officials Over $214m Deep Blue Contract   The Bureau of Public Procurement (BPE) has told the House of Representatives’ Committee on Navy that it does not possess the documents presented by the HSL International Limited, which the Federal Government awarded the ‘Deep...

House Rejects Bid to Transfer Sovereign Wealth Fund to Finance Ministry The House of Representatives at the plenary yesterday rejected the bill seeking to repeal the Nigeria Sovereign Investment Authority (NSIA) Act, 2011 and transfer its assets and liabilities to the Ministry of Finance Incorporated. The...