Saturday, August 3, 2019

Tag "house of representatives"

    Reps oppose N50bn CBN bailout for distressed banks

Reps oppose N50bn CBN bailout for distressed banks

The federal house of representatives on Thursday stopped an amendment act of the Asset Management Corporation of Nigeria (AMCON) proposing a yearly payment of N50 billion by the Central Bank of Nigeria (CBN) into the resolution cost fund.The proposed bill provides that the N50 billion should be paid periodically as determined by the CBN board.The contributory fund, also known as a [...]

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    Nigerian Senate seeks powers to amend constitution without presidential assent

Nigerian Senate seeks powers to amend constitution without presidential assent

Nearly one week after the house of representatives voted to bypass presidential assent on bills, the senate has also endorsed the amendment of the constitution without the assent of the president.Prior to the development, Section 9 of the 1999 constitution mandated the legislative chamber to get the approval of the president before executing such exercise.However, in what could be seen [...]

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    Nigerian reps lobby for Emirates, Qatar airlines

Nigerian reps lobby for Emirates, Qatar airlines

The house of representatives on Thursday urged the federal government to grant Qatar Airways landing rights to operate at the Malam Aminu Kano International and Dr. Nnamdi Azikiwe International airports.It also urged the government to lift the suspension on the operations of the Emirates Airline to land on the Malam Aminu Kano International Airport, Kano.This was sequel to a motion [...]

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    Reps set for voting on constitution amendment

Reps set for voting on constitution amendment

On Wednesday, the federal house of representatives will start voting on new amendments proposed to the 1999 constitution.The senate and the house of representatives have jointly proposed about 70 new clauses to be added to the constitution.Making the announcement on Tuesday during plenary to prepare members for the exercise, Aminu Tambuwal, speaker of the house, advised various caucus leaders to [...]

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    House in rowdy session over $9.3m arms deal

House in rowdy session over $9.3m arms deal

There was tension at the federal house of representatives on Tuesday, as the lawmakers got torn along party lines over the controversial $9.3m smuggled to South Africa for the procurement of arms.The issue had been generating different reactions among Nigerians, particularly because Pastor Ayo Oritsejafor, president of the Christian Association of Nigeria (CAN), was linked with the aircraft that conveyed [...]

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    Senate approves extension of emergency rule

Senate approves extension of emergency rule

The senate has approved the request of President Goodluck Jonathan for a six-month extension of the state of emergency rule in Adamawa, Borno and Yobe States.The Senate had on May 15 postponed the debate so that it could have wide consultations with various stakeholders.Chairman of the Senate Committee on Media and Publicity, Senator Enyinnaya Abaribe, had said the nature of the [...]

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    10 things we learnt from presidential media chat

10 things we learnt from presidential media chat

The Presidential Media Chat of last night was bound to generate a lot of talk, and it did so. The early questions were on the insurgency as expected, but President Goodluck Jonathan spoke on a variety of issues. Here are the highlights.1. We still don't know where Chibok girls are. President Jonathan stated very clearly that all efforts to locate [...]

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    Here’s a first: APC gets female chair

Here’s a first: APC gets female chair

Mrs Binta Masi is the first female party chair in Adamawa State.She made history on Wednesday when she was elected unopposed as the chair of the All Progressives Congress (APC).Masi, a former member of the House of Representatives, was endorsed at the rescheduled state congress of the party following the withdrawal of two of her opponents.Gov Murtala Nyako had on [...]

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    Diezani assembles SANs to battle Reps

Diezani assembles SANs to battle Reps

Minister of Petroleum Resources, Diezani Alison-Madueke, has opted for an all-out  war against the House of Representatives following legal advice that she could weather the storm over the N10bn chartered jets affair.TheCable has been informed that the minister is assembling a team of Senior Advocates of Nigeria (SANs) to engage the House in a legal battle over the probe.The minister [...]

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    National Assembly transmits 2014 budget to Executive

National Assembly transmits 2014 budget to Executive

The 2014 budget passed two weeks ago by the Senate and the federal House of Representatives respectively has been transmitted to the Executive by the National Assembly.The budget as passed was first sent to the Legal Services Department of the National Assembly for legal scrutiny, but it could not be transmitted until it had been certified okay. On December 19, 2013, [...]

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Exchange Rates

August 01, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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