Economy News Extra Latest News Maritime National Assembly Political Economy Revenue Transportation

Customs Service Rues Rot Of Ports’ Scanners, Reps To Investigate

The Nigeria Customs Service (NCS)on Wednesday expressed its displeasure over the rotting of three calibre mobile scanning machines worth millions of Naira at the TinCan and Apapa Ports and urged the National Assembly to assist in ensuring that the machines are installed for use at the ports. A Comptroller of Customs, Mohammed Abba-Kura, gave this […]

Economy News Extra Latest News National Assembly Oil & Gas Political Economy

Reps Seek Nigerians’ Input To Petroleum Industry Bill

The House of Representatives Ad-hoc Committee on Petroleum Industry Bill (PIB) has asked Nigerians to make input into the Legislature’s deliberations on the Bill now before it by submitting their memoranda before finally passing it into an Act. Chairman of the Ad-hoc Committee, Hon Mohammed Monguno, made the appeal on Wednesday during the committee’s inaugural […]

Economy News Extra Investments/Capital Market Latest News National Assembly Revenue Tax Transportation

Senate Seeks Zero Duty, VAT Exemption On Aircraft, Spare Parts

The Senate on Tuesday urged the Federal Government to fully implement the Executive Order on zero customs duty and zero Value Added Tax (VAT) on importation of commercial aircraft and aircraft spare parts. This is even as it advised the Central Bank of Nigeria (CBN) to make foreign exchange easily accessible for investors in the […]

Budgeting Economy News Extra Infrastructure & Capital Projects Latest News National Assembly

Senate Approves Buhari’s N148.14bn Refund Request To Five States

The Senate on Tuesday approved President Muhammadu Buhari’s request for a refund of N148,141,969,161.24 to Rivers, Bayelsa, Cross River, Osun and Ondo State Governments for projects executed on behalf of the Federal Government. The approval was sequel to the consideration of a report the Senator Clifford Ordia-led Committee on Local and Foreign Debts. Ordia, during […]

Budgeting Economy News Extra Latest News National Assembly Revenue Taxation

Corruption: Lawan Advocates Adoption Of Technology In Revenue Collection

President of the Senate, Ahmad Lawan, has advised the Federal Government to explore the use of relevant technology for the purpose of revenue collection by its agencies, so as to prevent the diversion of public funds into private pockets. This was even as he pledged that National Assembly will expeditiously consider the Chartered Institute of […]

Budgeting Economy News Extra Latest News National Assembly Political Economy Transportation

Reps Postpone Aviation Ministry’s Budget Consideration

The House of Representatives on Thursday refused to consider the 2021 budget proposal of the Ministry of Aviation following the delayed submission of the estimates to the Legislature. The fiscal papers supporting the budget estimates were submitted to the Committee on Aviation barely an hour to the budget defence session. The Chairman of the Committee […]

Budgeting Economy News Extra Health & Environment Latest News National Assembly Revenue

Senate Moves To Bar Buhari, Others From Foreign Medical Trips

Apparently concerned with huge sums being expended by President Muhammadu Buhari and other top state officials on foreign medical treatments yearly, the Senate on Thursday cautioned against such medical trips by the affected officials in view of the deleterious effects on the nation’s public finance system. Specifically, the Senators kicked against the medical tourism practice […]

Budgeting Economy News Extra Latest News National Assembly Power/Electricity

Reps Reject TCN’s 2021 Budget Proposal, As MD Rues ‘Imposed Projects’

The House Committee on Power on Tuesday turned down the 2021 budget proposal for the Transmission Company of Nigeria (TCN). This is even as the company’s Managing Director, Mallam Suleiman Abdulaziz, lamented the inclusion of projects by some powerful authorities in the company’s projects’ portfolio for the fiscal year. The Chairman House Committee on Power, […]

Agriculture & Agribusiness Budgeting Economy News Extra Latest News National Assembly Revenue

Nigeria Seeks $1.2Bn Loan From Brazil For Agric Financing

The Nigerian Government is seeking National Assembly approval for $1.2 billion loan from Brazilian Government to fund some areas of the agriculture value chain, Finance Minister, Zainab Ahmed, hinted on Tuesday in Abuja during the ministry’s budget defence. The minister told the House of Representative Committee on Finance that the Federal Government was also making […]