Reps Move To Legalise Excess Crude Account The House of Representatives on Tuesday moved to legalise the controversial Excess Crude Account by proposing a bill to capture all excess revenue in a new account to be called Excess Revenue Fund Account. The bill, proposed by a...

Supplementary Budget: Reps Demand N800bn For Fuel Marketers The House of Representatives is unhappy over the lingering scarcity of petrol in the country and has asked the Executive to submit a N800bn supplementary budget to the National Assembly to offset the debts allegedly owed fuel...

On N17bn NERFUND Loans, Reps Summons Emefiele, NDIC, BoI CEOs An ad hoc committee of the House of Representatives on Tuesday summoned the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, over the N17bn non-performing loans recorded by the National Economic Reconstruction Fund. Also...

The Federal Government has started compiling the list of legislators in both chambers of the National Assembly over constituency projects earmarked for them in the 2014 and 2015 budgets, which were not executed. The sum of N100bn was earmarked for constituency projects in each of...

The 2016 budget will not be passed Thursday as promised by the National Assembly, it was learnt Wednesday. Rather, the fiscal document will be laid on the floors of the Senate and the House of Representatives by the Appropriation Committees of the two chambers. The Appropriation...