Tag Archives: REPS

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

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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 ...

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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 ...

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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. ...

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