Tag Archives: REPS

Shareholders of Vitafoam joyful as they receive N1.9 billion

Shareholders of Vitafoam Plc has applauded the company over its ability to pay N1.9 billion as dividend amid the volatile operating environment. The shareholders made this known during the company’s 61st Annual General Meeting (AGM) which held in Lagos recently. Speaking at the meeting, the President, Noble Solidarity Association (NSSA), Matthew Akinlade, stated that the board has done well over ...

Read More »

Emefiele makes clarification on stamp duty revenue

Central Bank of Nigeria (CBN) Governor Godwin Emefiele has made some clarifications on stamp duty revenue. According to him, the total revenue collected as stamp duty in six years between 2016 and 2022 is N370.686 billion. It will be recalled that a  House of Representatives member, representing Kazaure, Roni, Gwiwa, Yankwashi of Jigawa State, Muhammed Kazaure, had raised the alarm ...

Read More »

House of Reps asks CBN to defend Naira from losing value against Dollar


The House of Representatives has called on the Central Bank of Nigeria (CBN) to initiate policies to defend Naira from losing further value against the Dollar. The lower legislative house made the resolution on Wednesday, following a motion moved by Bamidele Salam from Osun State. Speaking during plenary session, Bamidele said the Naira has lost 9% of its value in ...

Read More »

Reps approve foreign borrowings for four states

The House of Representatives has approved the planned foreign borrowing of 492.4 million dollars for Ogun, Katsina, Jigawa and Plateau states. The approval by the green chamber comes after the consideration of a report of its Committee on “aids, loans and debt management”, which was prepared on request under the medium term external borrowing rolling plans of the Federal Government ...

Read More »

CBN, FIRS under fire as Reps vow to probe alleged missing $60bn oil profit tax

House of Representatives has said it will investigate alleged missing 60.3 billion dollars Petroleum Profit Tax and Royalty revenues at the Central Bank of Nigeria (CBN). Chairman of the  Committee on Public Petitions, Uzoma Nkem-Abonta (Abia-PDP), stated this on Wednesday in Abuja following failure by the CBN to appear before the Committee to defend its submissions over the alleged infractions. ...

Read More »