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Sony shares drop 6% as Q1 profit plunges

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Tag: House of Representatives

Electricity featured

Reps blame DisCos for poor electricity supply 13 years after privatisation

The House of Representatives Ad-hoc Committee investigating expenditure in Nigeria’s power sector has accused electricity Distribution Companies of shortchanging Nigerians and failing to fulfil the promises that led to the privatisation of the industry 13 years ago. The allegations were raised on Thursday during the resumed investigative hearing of the committee, where officials of the […]

Policy and Regulations

Reps probe allegedly altered tax reform laws

The House of Representatives officially formed an Ad-Hoc Committee on Thursday to investigate reported inconsistencies between the tax reform bills passed by the National Assembly and the official gazetted version currently being distributed to government agencies. This development follows a motion raised during Wednesday’s plenary by Abdussamad Dasuki, the representative for Kebbe/Tambuwal Federal Constituency of […]

Crude oil
Oil and Gas

Reps suspend 2026-2028 MTEF over inconsistent oil prices

The House of Representatives has halted its review of the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper. This decision followed a disagreement among lawmakers regarding the proposed adjustments to crude oil price assumptions, which serve as the foundation for the federal government’s revenue and spending blueprints. The framework was presented during Wednesday’s plenary by […]

News

Reps order suspension of COVID-19 loan deductions

The House of Representatives has directed the Central Bank of Nigeria, NIRSAL Microfinance Bank, and the Federal Ministry of Finance to immediately suspend all deductions on COVID-19 intervention loans and grant total waivers for outstanding loans owed by vulnerable households and micro-businesses. The directive followed a motion of urgent public importance sponsored by Saidu Musa […]

Finance

Tinubu submits 2026-2028 MTEF to Reps

President Bola Tinubu has submitted the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper to the House of Representatives, seeking the legislature’s approval. During Wednesday’s plenary, the letter from Tinubu was read by Deputy Speaker Benjamin Kalu, who presided over the session, urging lawmakers to consider the documents promptly. “It is with pleasure that I […]

Reps proposes bill to ensure timely salary payments
Finance

Reps summon finance, budget ministers over poor budget implementation

The House of Representatives has summoned the Minister of Finance, Mr. Wale Edun, and the Minister of Budget and National Planning, Mr. Atiku Bagudu, over concerns regarding poor budget implementation. The summoning took place after a meeting held on Tuesday. The House held a closed-door session with both Ministers, as well as the Accountant-General of […]

Banking featured

Reps probe banks over ‘illegal deductions’

The House of Representatives on Tuesday leveled a significant accusation against commercial banks, alleging they were perpetrating illegal acts by deducting inexplicable monies from customers without making the required remittances. This serious claim was made during an investigative panel held in Abuja. The allegation was brought forth by Rep. Kelechi Nwogu, who serves as the […]

Policy and Regulations

Reps pass bill to protect children from online abuse

A Bill for an Act to provide for the enactment of Child Online Access Protection and other Issues of Online Violence Against the Nigerian Child has successfully passed its third reading in the House of Representatives. The bill, which was sponsored by Rep. Olumide Osoba (APC-Ogun) and Rep. Babajimi Benson (APC-Lagos), received a majority vote […]

Oil and Gas

Reps demand details on EFCC crude oil seizures

The House of Representatives’ Ad-hoc Committee on the Implementation and Oversight of the Naira-for-Crude-Oil Policy has demanded that the Economic and Financial Crimes Commission provide comprehensive details on crude oil seizures, sales, and disposal conducted under its supervision. The directive was issued by the Chairman of the committee, Rep. Emerengwa Sunday, during the resumption of […]

News

Reps summon water minister, others over delayed power project

The House of Representatives’ Ad-hoc Committee investigating Nigeria’s power sector reforms and expenditures from 2007 to 2024 has issued a summons to the Minister of Water Resources, heads of key water management agencies, and signatories involved in the 2005 concession agreement for the 40MW Dadin-Kowa hydropower project. The summons was issued on Wednesday by the […]

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