Banking. Revenue. TechnoBiz
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 […]
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 […]
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 […]
The House of Representatives has called on the Federal Government to rally States and Local Government Councils’ support for full implementation of the Contributory Pension Scheme ((CPS) in line with the National Pension Commission’s guidelines on the scheme. The call by the lawmakers was sequel to the deliberation on a motion titled ‘Full Implementation of […]
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 […]
South-South Governors on Tuesday demanded the upward review from 2.5 per cent to 10 per cent, appropriated to the Trust Fund for host oil Communities in the Petroleum Industry Bill (PIB) now before the National Assembly. The Chairman of the South-South Forum and Delta State Governor, Dr Ifeanyi Okowa, was quoted by News Agency of […]
Tracka, an arm of BudgIT, has raised concerns over the allocation of over N59 Billion to empowerment projects of the N100 billion 2021 Zonal Intervention Projects (ZIPs) nominated by members of the National Assembly. It is discouraging that elected representatives have consistently nominated empowerment projects that add less value and impact on citizens’ welfare thereby […]
The Speaker of the House of Representatives, Right Hon. Femi Gbajabiamila, on Monday hinted of moves by the National Assembly to amend the 1999 constitution to ensure justice and fairness to the female gender in the country. The speaker gave this assurance at a ceremony organized by the House to commemorate the International Women’s Day. […]
The Chairman of Federal Inland Revenue Service (FIRS), Mallam Mohammed Nami, has projected that that the agency’s total revenue collection in the 2021 fiscal year would hit N5.900 trillion, representing a 16.22 percent increase over last year’s budget target of N5.076 trillion. Nami , while defending the 2021 budget of the agency before the Senate […]
Delta Governor, Ifeanyi Okowa, on Monday said Nigeria’s hydrocarbon resources industry was losing substantial investments due to delay in the passage of Petroleum Industry Bill (PIB). Okowa made this remark when he received on courtesy visit, the Co-Chairman, National Assembly Joint Committee on Petroleum Industry Bill, Rt. Hon. Mohammed Monguno and members of the committee […]