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Sony shares drop 6% as Q1 profit plunges

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Oil falls, stocks rise as Trump signals possible end

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Tag: House of Representatives

Telecommunications

Reps blame NCC for poor telecom service quality nationwide

The House of Representatives on Wednesday blamed the Nigerian Communications Commission for what lawmakers described as weak regulatory governance, holding the agency responsible for the persistent poor quality of telecommunications services nationwide. The lawmakers said the commission had failed to enforce standards capable of compelling service providers to deliver reliable connectivity, warning that the situation […]

featured Finance

Reps approve Tinubu’s $516.33m loan for Sokoto-Badagry superhighway project

The House of Representatives on Tuesday approved President Bola Tinubu’s request to secure a $516.33m loan from Deutsche Bank to finance Section I of the ambitious Sokoto-Badagry Superhighway project, a key infrastructure initiative under the administration’s Renewed Hope Agenda. The approval followed the consideration of the President’s request by the Committee of Supply during plenary […]

Electricity featured

Reps to approve debt relief for Kano, Jos, Ikeja DisCos

The House of Representatives Public Accounts Committee has resolved to approve financial relief measures and a 10-year debt restructuring framework for the Kano, Jos, and Ikeja Electricity Distribution Companies. The decision covers N128.6bn in accrued interest on debts from 2015 to September 2025 to be waived, and historical debts amounting to N120.1b to be restructured […]

Reps adopt tax reforms, retains VAT at 7.5%
News

Lawmakers demand more funding for power sector amid national outages

The Chairman of the House Committee on Power, Victor Nwokolo, has urged greater investment in the electricity sector as the country grapples with widespread power outages. He made the appeal during the inauguration of the Nigerian Electricity Liability Management Company headquarters in Abuja on Thursday, According to the News Agency of Nigeria. Nwokolo noted that […]

Finance

Reps endorse green climate finance bank

The House of Representatives has endorsed the proposed establishment of a Green and Climate Finance Bank for Nigeria. The lawmakers described the initiative as a strategic move to deepen financing for renewable energy and climate-aligned investments. The Chairman of the House Committee on Renewable Energy, Afam Ogene, stated this position during a joint media briefing […]

Insurance

Reps enrol press corps in FCT health insurance scheme

The House of Representatives has enrolled accredited journalists covering its proceedings into the Federal Capital Territory Health Insurance Scheme. The initiative followed the sponsorship of a one-year premium by the Chairman of the House Committee on Media and Public Affairs, Akin Rotimi. A symbolic presentation of enrollment identity cards took place at the National Assembly […]

Finance

Reps probe non-release of ₦174.26bn agric intervention funds

The House of Representatives has commenced an investigation into the alleged non-release of N174.26 billion in agricultural intervention funds. The probe directs Ministries, Departments and Agencies as well as development partners to fully cooperate with the fact-finding exercise. The Chairman of the House Committee on Agricultural Production and Services, Bello Ka’oje, made this known in […]

Nigeria has best return on investments, Tinubu tells Indian investors
Finance

Reps pass Tinubu’s ₦58.18trn 2026 appropriation bill

The House of Representatives, on Thursday, approved President Bola Tinubu’s 2026 Appropriation Bill, endorsing a proposed N58.18 trillion budget anchored on macro-economic stability, enhanced security, and increased capital expenditure. The budget, christened “The Budget of Consolidation, Renewed Resilience and Shared Prosperity,” was presented to the National Assembly on December 19, 2025, and described by lawmakers […]

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Reps reject minority caucus tax laws probe report

The House of Representatives has rejected the report of an ad hoc committee constituted by the minority caucus to re-examine the recently enacted tax laws, stating that the action is procedurally improper and lacks official parliamentary backing. In a statement issued on Saturday by its spokesman, Akin Rotimi, the lower chamber explained that under its […]

featured Policy and Regulations

Reps caucus probes alleged altered tax laws

The minority caucus of the House of Representatives has set up a seven-member committee to investigate allegations that the recently assented tax reform laws were altered after they were passed by the National Assembly. The committee is chaired by the lawmaker representing Ogbaru Federal Constituency of Anambra State, Afam Ogene, and has been mandated to […]

Finance

Why we repealed 2024, 2025 budgets — Reps spokesperson

The Deputy Spokesperson of the House of Representatives, Hon. Philip Agbese, has explained that the decision by the House to repeal and re-enact the 2024 and 2025 Appropriation Acts was taken to align Nigeria’s budgeting framework with global best practices, promote transparency, and address persistent implementation challenges. Agbese made this known during an interview on […]

Economy

Tinubu seeks annulment, extension of 2024, 2025 budgets

President Bola Tinubu has asked the House of Representatives to repeal and re-enact the 2024 and 2025 Appropriation Acts and to extend the implementation of the 2025 budget to 31 March 2026. The request was contained in a letter written by the President and read on the floor of the House on Friday by the […]

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