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 […]

Civil Advocacy & Gender Matters Economy News Extra Latest News National Assembly Professionals & HR Devt.

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 […]

Budgeting Economy News Extra Latest News National Assembly Oil & Gas Planning & Economic Development Revenue

PIB: South-South Governors Seek 10% Appropriation For Oil Communities

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 […]

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

Tracka Raises Concern Over N59Bn Zonal Intervention Projects

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 […]

Civil Advocacy & Gender Matters Latest News National Assembly

N/Assembly Mulls Constitution Amendment To Address Gender Injustices

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. […]

Economy News Extra Latest News National Assembly Revenue Revenue Agencies Taxation

FIRS Targets N5.9Trn Revenue, Seeks 7% Cost Of Collection

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 […]

Budgeting Economy News Extra Latest News National Assembly Oil & Gas

Nigeria Losing Huge Investments Over Non-Passage Of PIB – Okowa

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 […]