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Tag: House of Representatives

Reps adopt tax reforms, retains VAT at 7.5%
News

Reps to probe alleged ₦8.4tn withheld by NNPCL

The House of Representatives has directed its Committees on Finance, and Petroleum to investigate claims from the Revenue Mobilisation Allocation and Fiscal Responsibility Commission. These reports allege that the Nigerian National Petroleum Company Limited withheld ₦8.48 trillion as purported subsidies for petrol. The House further stated that “the investigation will address the NEITI report stating […]

Army discovers stolen 1m litres crude oil in Rivers
Oil and Gas

Rep advocates local refiners inclusion in petroleum production

The House of Representatives has urged the Federal Government to create a comprehensive blueprint for the inclusion of indigenous refiners in the nation’s petroleum production value chain. This resolution emerged following the adoption of a motion advocating for reforms and better regulation within the Nigerian petroleum sector, emphasizing the integration of artisanal refiners, according to […]

News

Reps call for reversal of petrol, cooking gas price hikes

The House of Representatives has intervened in the recent increase in pump prices for petroleum products, calling for the immediate reversal of the pricr hikes in petrol and cooking gas. This follows a motion led by Deputy Minority Leader Aliyu Madaki and supported by 111 members, according to Channels News. The lawmakers expressed concerns that […]

Seven banks paid N392.53bn in taxes in first half of 2024
News

Speaker sets three-week deadline to tackle double taxation issue

The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has given the Committees on Finance and the Federal Inland Revenue Service a three-week deadline to identify and eliminate double taxation affecting low-income Nigerian earners. Abbas made this disclosure on Thursday, October following the adoption of a motion concerning revenue generation and tax obligations amid […]

News

Dangote refinery: Reps move to break NNPCL’s fuel lifting monopoly

The House of Representatives has referred a motion advocating for other petroleum marketers to directly lift premium motor spirit from the Dangote Refinery to a joint national assembly ad hoc committee. This move aims to explore the implications of enhancing market access for petroleum marketers and improving competition in the sector The motion was raised […]

News

Reps to unveil joint NASS committee on petroleum probe

The House of Representatives will inaugurate the Joint Senate/House Ad Hoc Committees on the Petroleum Industry Investigation on September 25, 2024. This was announced was made by the Spokesman for the House, Akin Rotimi Jr. in a statement shared on Wednesday via the lawmakers’ official WhatsApp platform, according to Nairametrics. The new committee formation follows […]

Petrol queues surface in Lagos, Abuja after Tinubu's subsidy announcement
News

Reps, NBA, others urge petrol price hike reversal

Key organizations, including the Nigerian Bar Association, and the House of Representatives, have called on the Federal Government to reverse the recent fuel price hike amid worsening fuel scarcity in Nigeria. On Monday, fuel prices surged from N568 per litre to N897 at the Nigerian National Petroleum Company Limited’s filling stations across the country, triggering […]

News

Reps dissolve adulterated petrol imports probe panel

The House of Representatives has dissolved the ad-hoc Joint Committee on Downstream and Midstream that was investigating the activities of the Nigeria National Petroleum Company Ltd. and the Nigeria Midstream and Downstream Petroleum Regulatory Authority regarding the importation of adulterated petrol and the non-availability of crude oil to local refineries. This was disclosed in a […]

News

Probe promotion stagnation in civil service, lawmakers urge FG

The House of Representatives has requested that the Federal Government investigate the alleged stagnation of civil service promotion between 2013 and 2023 to ensure efficient and effective public service delivery. The House took the decision sequel to the adoption of a motion moved by the member representing Ijumu/Kabba-Bunu Federal Constituency, Kogi State, Mr. Salman Idris […]

News

Reps: NNPC, Agip, NUPRC, others summoned over alleged $72m diversion

The House of Representatives Committee on Public Petitions has summoned the Nigeria AGIP Oil Company’s managing director and top management staff in response to a petition alleging $72 million in diverted funds. This follows a petition by De Coon Service Limited against AGIP, according to The Punch Also joined in the petition are the Group […]

News

Reps deny Binance CEO bribe allegation

The House of Representatives has denied demanding bribes from Binance, a popular cryptocurrency platform. This follows a bribery allegation made by the Binance Chief Executive Officer, Richard Teng, in a blog post published by the New York Times on Tuesday. Binance CEO Tuesday said some unidentified people in Nigeria were trying to make their troubles […]

Bill for tax crimes commission passes second reading
News

Bill for tax crimes commission passes second reading

National Tax Crimes and Oversight Commission bill was successfully passed by the House of Representatives on its second reading on Wednesday. Following a plenary session in which the chief sponsor of the measure, Rep. Benjamin Kalu, stated its key goals, the bill was passed by the house according to The Times. Kalu promoted the initiative […]

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