Reps Move To Transfer Assets Of Defunct NNPC To NNPC Ltd   The House of Representatives Ad hoc Committee set up to ascertain the total inventory, assets, interests and liabilities of the Nigeria National Petroleum Company Limited is to meet with the Chief Executive Officer of...

Reps Subsidy, Refineries Repairs’ Panel May Invite NNPC, Marketers   The House of Representatives’ Ad Hoc Committee on the State of Refineries in Nigeria has begun investigation of the current state of the country’s four refineries and the amounts spent on the ‘Turn-Around Maintenance’ of the...

Reps, NACCIMA Urge CBN To Halt Implementation Of e-invoicing For Import, Export   The House of Representatives and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) yesterday asked the Central Bank of Nigeria (CBN) to immediately suspend the implementation of the guidelines...

Reps Probe Banks Over Dividends, Unremitted Funds   The House of Representatives, on Wednesday, resolved to set up an ad hoc committee to investigate the “suspicious and unclaimed funds” in various accounts in commercial banks in Nigeria. The House mandated the committee to also investigate the unremitted...

Reps Increase Next Year’s Budget By N735.850bn   The House of Representatives yesterday passed the 2022 budget estimates submitted by the President Muhammadu Buhari on October 10 with an increase of N735, 850,000,000. The Senate, however, failed to pass the budget, adjourning plenary to today. The House also...

Senate, Reps Pass Finance Bill     The Senate and House of Representatives have passed the Finance Bill 2021, transmitted to the National Assembly by President Muhammadu Buhari, on December 7, 2021. They passed the bill on Tuesday following the consideration of a reports from committees of the...