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Reps stops CBNs sale of Polaris Bank
Banking Uncategorized

Reps stops CBNs sale of Polaris Bank

The House of Representatives has asked the Central Bank of Nigeria to halt the planned sale of Polaris Bank Plc. According to reports, the lawmakers urged the CBN to wait until all processes for an open, transparent, and competitive bid are completed in accordance with best practices and procedures for divestment of this type. The […]

Reps pass tax crimes commission bill for second reading
Energy

Reps reject dirty fuel probe report, panel exonerates NNPC

The House of Representatives, on Wednesday, dismissed the report of its Committee on Petroleum Resources (Downstream) which investigated the importation of adulterated Premium Motor Spirit (petrol) into Nigeria, leading to disruption of the supply chain in the country. In the report, the committee failed to hold anybody responsible for the development or recommend sanctions. The […]

Reps pass tax crimes commission bill for second reading
Policy and Regulations

Enforce use of coins, Reps urge CBN

The House of Representatives has urged the Central Bank of Nigeria to “reinforce the use of coins as a legal tender and ensure that banks comply with the use of coins to the fullest.” Members of the House had at the plenary on Tuesday unanimously adopted the motion moved by a member, Muda Umar, titled ‘Call […]

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