Reps Summon NNPC, NAPIMS, Others Over $16.5m Debt     The Nigeria National Petroleum Corporation (NNPC) and multi-national oil company, Agip, yesterday failed to appear before the House of Representatives Committee on Petroleum Upstream over an alleged failure of Agip to pay a $16.5 million debt to...

House Summons Emefiele, PenCom Boss, Others Over N300bn Funds     The House of Representatives has summoned Governor of Central Bank of Nigeria, Godwin Emefiele; Director-General, National Pension Commission, Aisha Dahir-Umar; and Chairman, Federal Inland Revenue Service, Muhammad Nami, to explain various expenditure totalling N300bn. Others summoned by...

Lawmakers Raise Alarm Over Chinese Loans     The House of Representatives has raised the alarm over loan agreements being entered into by the Federal Government with China. According to the lawmakers, Nigeria will concede some of its sovereignty if the country defaults in the repayment plan. The House...

Reps Partner SEC To Tackle Issues Impeding Market Growth   The House of Representatives Committee on Capital Markets and Other Institutions, has expressed commitment to work closely with the Securities and Exchange Commission (SEC), to substantially tackle issues impeding the growth of the local bourse, which...

Lawmakers Probe CBN Over COVID-19 Loans     The House of Representatives has resolved to investigate the Central Bank of Nigeria over the difficulties Nigerians face in accessing its special intervention loans, especially that created for Small and Medium-Scale Enterprises to cushion the effect of COVID-19. A member...

House Review Oil Spills , FG’s Clean-up Projects     The House of Representatives has begun investigation of oil spills in the Niger Delta region and clean-up projects embarked upon by the Federal Government in the last five years. The House’ Ad Hoc Committee on Oil Spill Clean-Ups...