Further pressure is coming on Nigeria’s banks following moves by the National Assembly to mop up an estimated N3 trillion from dormant accounts of living and dead persons in the banking system. Under ongoing moves in the Senate, the funds are to be polled into...

The two arms of the National Assembly, NASS, yesterday approved President Muhammadu Buhari’s request to raise additional $500 million eurobond from the international capital market to fund the 2016 Budget deficit. In the Senate, the approval was given, following an executive communication from the...

The Nigeria Union of Local Government Employees, NULGE, has commenced a nationwide protest to call for constitutional amendment by the National Assembly to grant autonomy to Local Government Areas, LGAs. The President of the NULGE, Ibrahim Kahleel, who disclosed this yesterday at a media briefing...

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru, has commended the 8th National Assembly over the improved relations between the Corporation and the lawmakers. Dr. Baru gave this commendation during an interactive session between the Management of NNPC and...

Acting President, Prof. Yemi Osinbajo, has written to the Senate, saying he has withdrawn assent to four bills passed by the National Assembly. The bills are Dangerous Drugs Amendment Bill 2016, National Lottery Commission Bill 2016, Agricultural Credit Guarantee Scheme Fund 2016, and Currency Conversion...

The Federal Government has so far recovered N15 billion and another $10.5 million US Dollar from looters, Attorney General of the Federation (AGF) and minister of Justice, Alhaji Abubakar Malami (SAN) said. Speaking when the Senate committee on judiciary, human rights and legal matters visited...