The House of Reps on Wednesday ordered an investigation into alleged “multiple statutory violations” by the Bureau of Public Enterprises. Lawmakers took the decision in Abuja, following complaints by the Fiscal Responsibility Commission that the BPE was in frequent breach of the provisions of the...

• Adjusts tenure of CCB boss, members • Senators exchange words over amendments The National Assembly transferred the power of the president to control the Code of Conduct Bureau (CCB) and the Code of Conduct Tribunal (CCT) to itself. At the conclusion of work on the bill...

The House of Representatives moved to save the Asset Management Corporation of Nigeria (AMCON) from collapse over funds owed them by a firm, Obligo. Obligo is an international management company with an established institutional investor platform and focus on investing in and managing real estate...

President Muhammadu Buhari has written to the National Assembly asking them to approve a foreign loan of $29.960 billion to address infrastructure deficit in the country. The amount, which is under the government’s External Borrowing Plan, is to be spent on power, railway, roads, education,...

As Nigeria continues to dither over the Petroleum Industry Bill, which has suffered setbacks in two consecutive legislative tenures, Ghana has passed its own petroleum bill into law in a bid to lure investments. Ghana’s legislature passed the Petroleum Production and Exploration Bill into law...

House of Representatives has resolved to probe issues surrounding bailout funds given to states by the Federal Government. It said that it would set up an ad hoc committee to investigate the terms and conditions of disbursement of the funds. The ad hoc committee, according to...