The Statistician-General of the Federation/Chief Executive Officer of the National Bureau of Statistics (NBS), Prince Adeyemi Adeniran, has called on stakeholders in the Nigerian statistical system to support the current efforts of the Bureau to finalize the Draft National Strategy for the Development of Statistics (NSDS) 2024 – 2028 by making useful inputs into the […]
The Corporate Affairs Commission (CAC) has revoked the certificates of incorporation of NIPOST Properties and Development Company and NIPOST Transport and Logistics Services Limited. The revocation of the affected entities’ registration certificates was sequel to the discovery of an alleged illegal transfer of N10 billion in restructuring funds released by the Federal Ministry of Finance […]
Lingering controversies over Nigeria’s National Water Resources Bill, initially forwarded to the National Assembly in April 2017 to implement the Nigeria Sustainable Urban and Rural Water Supply, Sanitation and Hygiene Program-for-Results (SURWASH Programme) have stalled the release of the $700 million loan from the World Bank, documents from the multilateral development finance institution have indicated. […]
The Senate and House of Representatives Committee on Communications has approved the Nigerian Communications Commission’s (NCC’s) budget projection of N549.6 billion for financial year 2024. During a joint session of the Committee on Wednesday chaired by Sen. Ikra Bilbis, the telecom industry regulatory commission’s 2023 budget performance was reviewed in the presence of Dr. Aminu […]
Barely few days after President Bola Tinubu forwarded the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill 2024 to the National Assembly, the Senate on Wednesday passed the bill. The passage of the bill was sequel to the presentation by the chairman of the Senate’s committee on tertiary institutions and TETFUND, Muntari […]
President Bola Tinubu has written to the National Assembly for the extension of the 2023 capital budget implementation timeline from March 31, 2024, to June 30, 2024. The Speaker of the House of Representatives, Hon. Abbas Tajudeen, read the letter from the President on Wednesday during the plenary session. According to the President, the extension […]
The Senate Ad-hoc Committee investigating the Ways and Means loans from the Central Bank of Nigeria (CBN) has reported that commercial banks are yet to pay back N358 billion out of the credit given them under the apex bank’s Anchor Borrower Programme (ABP). The chairman of the committee, Sen. Isah Jibrin; made this disclosure at […]
The Senate on Tuesday confirmed Mr. Gbenga Alade as the Managing Director of Asset Management Corporation of Nigeria (AMCON) based on his nomination by President Bola Tinubu and recommendations by the appropriate committee of the upper legislative chamber. Others that were confirmed by the lawmakers as Executive directors of AMCON were Adeshola Lamidi, Lucky Adaghe […]
The Centre for the Promotion of Private Enterprise (CPPE) has described the recent remarks on the floor of the House of Representatives on cement price which portrayed cement manufacturers in very bad light as not desirable and uncalled for in view of the prevailing economic whirlwinds in the economy. The Chief Executive Officer (CEO) of […]
Nigeria’s Senate, the upper legislative chamber, on Monday inaugurated an ad-hoc committee to investigate the Central Bank of Nigeria’s (CBN’s) Ways and Means loans to the Federal Government and the Anchor Borrowers Programme (ABP) intervention funds in the agriculture sector over the past years. In his inaugural address to the ad-hoc committee chaired by Senator […]