Reps Advise CBN to Adopt Chinese Yuan as Official Exchange Rate The House of Representatives has called for the adoption of the Chinese Yuan as an official foreign exchange reserve currency with other internationally recognised currencies to protect the naira from further depreciation. The resolution was...

Budget: House Plans FRC Act Amendment to Deepen Citizens Engagement  The Speaker of the House of Representatives, Tajudeen Abbas, on Monday, pledged the readiness of the House to amend the Fiscal Responsibility Act to deepen citizens’ participation in the country’s budgetary system. The Speaker stated this...

Lottery Fund: Reps to Audit Over N2.5bn IGR Expenditure, Others The House of Representatives Committee on Finance on Monday said it will audit the books of the National Lottery Trust Fund for spending almost N2.5 billion Internally Generated Revenue of the agency for 2023 without...

Budget: N2.1trn Supplementary Appropriation Bill Scales Second Reading The 2023 Supplementary Appropriation Bill expeditiously scaled second reading on Tuesday in the House of Representatives as lawmakers said it is for the benefit of the country. President Bola Tinubu had written the House seeking the approval of...

Reps Deny Taking N100m Palliative, Faults NLC Claims The House of Representatives has denied claims by the leadership of the Nigeria Labour Congress that the Federal Government gave N100m to members of the National Assembly as palliatives. The National Assistant Secretary of the NLC, Christopher Onyeka,...

Nigeria Lost N16.25trn to Crude Oil Theft in 12 Years - Abbas Speaker of the House of Representatives, Tajudeen Abbas says Nigeria lost N16.25 trillion to crude oil theft between 2009 and 2020. The speaker said this while inaugurating the ad hoc committee to investigate crude...