Reps Probe Alleged Abandoned N72.34bn Eastern Rail Contract     The House of Representatives has resolved to investigate the alleged abandonment of the Eastern Rail Line, the Port Harcourt-Maiduguri section, after the Federal Government awarded the reconstruction contract for N72.34bn. At the plenary on Wednesday, the House resolved...

Reps To FCT Councils: Suspend Illegal Taxes On Businesses       The House of Representatives has declared illegal, levies being imposed on businesses by area councils in the Federal Capital Territory, ordering the task forces to suspend their activities. A member of the House from Kogi State, Mr...

FG Loses $90m Yearly To Lagos Airport Concession — Reps         The House of Representatives has said the federal government loses over $90 million annually due to alleged shady deals involved in the concession of the local and international wings of the Murtala Muhammed Airport, Lagos...

N120bn Petrol Subsidy To Double As CBN Adjusts Exchange Rate       As the Central Bank of Nigeria (CBN) signals a subtle harmonisation of exchange rates with the removal of N379/$1 official rate from its website, all is set for labour unions to lock horns with the...

Reps Summon NNPC, CBN, FIRS, EFCC, Probe Illicit Financial Flows       The House of Representatives has resolved to invite various departments and agencies of the Federal Government over illicit financial flows in Nigeria. At the plenary on Thursday, the House specifically mandated its committees on Finance; Anti-Corruption;...

Nigeria Loses $70m To Illegal Fishing Annually       The House of Representatives has expressed worry that Nigeria loses $70 million yearly to Chinese and other European trawlers due to illegal fishing in the nation’s waters as observed by the Nigerian Navy in 2017. As a result, the...