FG Probes NNPCL, Oil Firms' $1.6bn Debt The House of Representatives Public Accounts Committee, on Tuesday, initiated an investigation into the outstanding debts owed to the Federation Account by the Nigerian National Petroleum Company Limited and oil companies. The investigative hearing, chaired by the sub-committee Chairman,...

Just In: NASS Passes ₦54.99trn 2025 Budget The National Assembly passed the ₦54.99trn 2025 Appropriation Bill. The bill was passed on Thursday separately by the Senate and the House of Representatives. A breakdown of the budget showed N3.645trn for statutory transfers, N14.317trn for debt servicing, N13.64trn for...

Reps to Question CBN, Banks over Unverified POS Operators The House of Representatives resolved to invite the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and the Chief Executive Officers of commercial banks to appear before it to propose solutions to the challenges posed...

Reps to Probe NNPCL over N8.4tn Allegedly Withheld Fund The House of Representatives on Wednesday asked its Committees on Finance, Petroleum (Upstream and Downstream) to investigate reports from the Revenue Mobilisation Allocation and Fiscal Responsibility Commission “alleging that the NNPC (now Nigerian National Petroleum Company...

Fuel Price Hike: Reps Fear Unrest as FG, Labour Meeting Ends in Deadlock The House of Representatives have warned that the recent hike in fuel pump prices could trigger social unrest if not addressed immediately. The Green Chamber handed down the warning as a meeting between...

Senate Raises Ways And Means Advance to 10% The two chambers of the National Assembly yesterday passed a bill to raise ways and means advances to 10 per cent. The existing law provides that the advance by the Central Bank of Nigeria (CBN) must not exceed...