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Reps in Rowdy Session Over $496m Tucano fighter jets

Reps in Rowdy Session Over $496m Tucano fighter jets The House of Representatives plenary became a rowdy session today over calls for impeachment of President Muhammadu Buhari by a member of the People’s Democratic Party, Kingsley Chinda. The row was over the payment of $496...

Reps Move To Legalise Excess Crude Account

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...

Dogara Decries State of Power as Generators Gulp $5bn Annually

Speaker of the House of Representatives, Yakubu Dogara, has said it is unacceptable that Nigerians spend 5 billion dollars on generators annually. To this end, Dogara said the house was reviewing some of Nigeria’s energy laws in order to provide an appropriate legal framework to...

Osinbajo Seeks Assembly’s Approval for $1.28bn External loan

The Acting President, Prof. Yemi Osinbajo, has requested approval of the House of Representatives for fresh $1.28bn and €9m loans under the 2016-2018 External Borrowing (Rolling) Plans of the Federal Government. A letter he wrote to the House of Representatives on the matter was read...

$500m Eurobond: Reps issue deadline for Reports

The Speaker of the House of Representatives, Yakubu Dogara yesterday issued an ultimatum for the submission of reports on the request of the Federal Government for a resolution of the National Assembly for the issuance of $500 million Eurobond in the International Capital Market...

Dogara: Why Illegal Refineries Thrive in Nigeria

Speaker of the House of Representatives Yakubu Dogara has said that illegal refineries in Nigeria thrive because of certain malfeasances in the society. Speaking while declaring open an investigative hearing of the ad hoc committee on the Joint Task Force and Nigeria Agip Company in...