Reps Summon Cardoso Over Reversal of Ban on Rice Importation, Others House of Representatives has resolved to summon Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, over the lifting of ban on the importation of rice and 43 other items. Cardoso is expected to appear before...

Reps To Probe N15.5trn Pension Assets   The House of Representatives is set to investigate the status of N15.5 trillion pension assets being regulated by the National Pension Commission (PenCom). It will also probe the status of the N10trn loaned to the federal government and efforts being...

Lawmakers Reject DisCos' Planned Electricity Tariff Hike The House of Representatives, yesterday, rejected plans by the Distribution Companies (DISCOs) to increase electricity tariff in the country. It also resolved to set up an adhoc committee to determine the legality of the Excess Crude Account and also...

Reps To Probe NNPCL Over Non-remittance Of Revenue   The House of Representatives is set to commence investigations into non-remittance of revenues to the federation account by the Nigerian National Petroleum Company Limited (NNPCL). This followed the adoption of a motion, ‘Need to investigate the non–remittance of...

Gas Flaring: Reps to Clampdown on Firms, Recover Debts   The House of Representatives has asked the National Oil Spill Detection and Response Agency (NOSDRA) to provide it with ‘specified information’ on companies involved in gas flaring, including the amount flared and penalty cost in the...

'N11trn Spent On Moribund Refineries In 13 Years'   The House of Representatives Ad Hoc Committee on the State of Refineries in the Country has said the Federal Government spent a total sum of N11,349,583,186,313.40 from 2010 to date. The Chairman of the committee, Ganiyu Johnson, however,...