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Armed Forces Spend 9% Of Yearly Budgets On Capital Needs – Gbajabiamila

As the nation’s insecurity continues to dominate public discourses on Nigeria’s political stability and economic growth by the day, the Speaker of the House of Representatives, Hon. Femi Gbajabiamila, on Monday said that only 9 percent of yearly appropriations to the Armed Forces are committed to capital expenditures with the balance being used for recurrent […]

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Reps Ask FG To Probe Alleged Unremitted N165Bn By NPA

The minority caucus of the House of Representatives on Monday has called on the Federal Government to immediately commence full investigation of an alleged misappropriation of over N165 billion of operating surplus and the diversion of billions of Naira by the suspended Managing Director of Nigeria Ports Authority (NPA), Hadiza Bala Usman, and her top […]

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Insecurity: Reps Urge FG To Suspend 2021 Population, Housing Census

The House of Representatives on Wednesday urged the Federal Government to immediately suspend the proposed 2021 population and housing census planned to be conducted by the National Population Commission (NPC), due to rising insecurity challenge in the country. The lawmakers’ advice was sequel to the adoption of a motion of urgent public importance on the […]

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FG Shifts NIN-SIM Linkage Deadline To 30Th June

The Federal Government on Tuesday announced the extension of the ongoing NIN-SIM data verification deadline to 30th of June, 2021 based on request by stakeholders in the nation’s telecommunications industry, especially the millions of yet-to-be-captured subscribers. The approval for the extension of the deadline was contained in a statement jointly signed by the Director Public […]

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Senate Approves N1.678Trn Revenue Target For Customs Service

The Senate on Wednesday approved a total of N1.678 trillion revenue target for the Nigeria Customs Service (NCS) for the 2021 fiscal year. The Upper Chamber also, in a news report by the News Agency of Nigeria (NAN), at the plenary approved a total expenditure of N257 billion for the Service, including retained earnings for […]

Banking Economy News Extra Latest News National Assembly

Senate Moves To Recover N16Trn AMCON Loans

The Senate on Tuesday considered a bill seeking to empower the Asset Management Corporation of Nigeria (AMCON) on assets recovery and strengthen it against economic sabotage by debtors with unpaid loans to the tune of about N16 trillion. Specifically, the AMCON Amendment Bill 2021, which scaled second reading on the floor, was sponsored by Senator […]

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Senate Commences Labour Act Review, Mulls Stiffer Sanctions For Offenders

The Senate on Tuesday commenced moves to review the Labour Act with a view to making its provisions conform to best labour principles and provide stiffer penalties for various offences ranging from modern slavery, child Labour to discrimination against women in the work place. The amendment to the Labour law seeks to introduce stiffer penalties […]

Budgeting Economy News Extra Latest News National Assembly Professionals & HR Devt.

Organized Labour Pickets N/Assembly Over Minimum Wage Saga

The organised labour group today made good its threat to picket the National Assembly in protest against alleged moves by the Legislature to amend the Minimum Wage section in the 1999 Constitution (as amended). The Legislature is accused by the labour group as considering the option of removing the Minimum Wage section from the Exclusive […]

Budgeting Economy News Extra Fiscal Law & Act Latest News National Assembly Professionals & HR Devt. Revenue

Workers To Begin Nationwide Strike Tomorrow

The Nigeria Labour Congress (NLC) and its affiliate unions will on Wednesday embark on a nationwide strike over industrial-related legislative matters. Specifically, the organized labour body stated that the planned industrial action was prompted by alleged attempts by National Assembly lawmakers to move the Minimum Wage section from the Exclusive Legislative List to the Concurrent […]