Thursday, October 17, 2019

Tag "house of reps"

    Reps: Nigerians think we are not committed to country’s growth

Reps: Nigerians think we are not committed to country’s growth

The house of representatives says many Nigerians believe that federal lawmakers have not shown any genuine commitment to the growth of the country.The lower legislative chamber also said a lot of citizens do not understand their role, adding that this has contributed to the negative image of the legislature.Benjamin Kalu, spokesman of the house, said this on Wednesday during the [...]

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    Reps pass Budget 2020 for second reading

Reps pass Budget 2020 for second reading

The house of representatives has passed the 2020 appropriation bill of N10.33 trillion for second reading.The bill scaled second reading during plenary session on Thursday, two days after President Muhammadu Buhari presented it to a joint session of the national assembly.Alhassan Ado-Doguwa, majority leader of the house, first moved for the resumption of the debate on the budget, after which [...]

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    Reps pass bill seeking 20% of FG jobs for the disabled

Reps pass bill seeking 20% of FG jobs for the disabled

The house of representatives has passed a bill seeking to secure 20 percent of federal government jobs for physically- challenged Nigerians.The lower legislative chamber passed the "Bill for an act to provide that 20 percent of jobs available in all federal government ministries, departments, agencies and companies be distributed among the physically challenged in Nigeria; and for related matters" during [...]

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    Cashless policy: CBN should tell us how they arrived at the charges, say reps

Cashless policy: CBN should tell us how they arrived at the charges, say reps

The house of representatives has asked the Central Bank of Nigeria (CBN) to explain how it arrived at the charges adopted in the recently re-introduced cashless policy.Victor Nwokolo, chairman of the house committee on banking and currency, said the apex bank should explain the indices used to adopt the new rate.The CBN had directed all deposit money banks in the [...]

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    Reps to military: We must not fail Nigerians on security

Reps to military: We must not fail Nigerians on security

The house of representatives committee on defence has asked security agencies to ensure they live up to expectations in tackling insecurity in the country.In a statement issued on Sunday, Babajimi Benson, the committee chairman, said both security agencies and lawmakers must work together so as not to fail Nigerians.He said while the lower legislative chamber is ready to provide all [...]

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    Reps: INEC cannot deregister political parties

Reps: INEC cannot deregister political parties

The house of representatives has rejected a motion seeking to call on the Independent National Electoral Commission (INEC) to de-register political parties seen to be weak.The lower legislative chamber stepped down the motion during Thursday’s plenary session following a resolution that the electoral commission cannot de-register political parties.Francis Uduyok from Akwa Ibom state had moved the motion entitled, ‘Need to [...]

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    ‘N501m unaccounted for in communication ministry’s contract’

‘N501m unaccounted for in communication ministry’s contract’

A house of representatives committee panel has revealed that N501 million is currently unaccounted for in a contract awarded by the ministry of communication.At the hearing on Thursday, the panel investigating abandoned federal government projects discovered that the money is part of the N1.2 billion released for the procurement of radio monitoring equipment projects.Musa Istifanus, permanent secretary of the ministry, [...]

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    House of reps probes AMCON’s N5.4trn debt

House of reps probes AMCON’s N5.4trn debt

The house of representatives says it will probe the N5.4 trillion debt portfolio of the Asset Management Corporation of Nigeria (AMCON).At Wednesday’s plenary session, the lower legislative chamber expressed concerns about debtors said to be reluctant to settle their debt.Cornelius Nnaji, a lawmaker from Enugu state had raised an alarm that AMCON has for long been in excess of its [...]

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    Our absence from reps meeting wasn’t deliberate, says Olonisakin

Our absence from reps meeting wasn’t deliberate, says Olonisakin

Gabriel Olonisakin, chief of defence staff, says the absence of the service chiefs from the meeting of the house of representatives last Friday was not a deliberate act to disrespect the lawmakers.Olonisakin spoke on Monday at a meeting with the leadership of the house of representatives in Abuja.Femi Gbajabiamila, the speaker, had invited the service chiefs to discuss the country’s [...]

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    Gbajabiamila: I’ll report service chiefs to Buhari for ignoring my invitation

Gbajabiamila: I’ll report service chiefs to Buhari for ignoring my invitation

Femi Gbajabiamila, speaker of the house of representatives, says he will report the service chiefs to President Muhammadu Buhari for failing to honour an invitation to a meeting on security. The service chiefs were absent at the meeting scheduled to take place at the National Assembly Complex on Friday. Other security officers including, Mohammed Adamu, inspector-general of police; Yusuf Bichi, director-general of [...]

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    PDP gives status update on minority leadership tussle

PDP gives status update on minority leadership tussle

The national working committee (NWC) of the Peoples Democratic Party (PDP) says it has not taken any position on the minority leadership tussle among its members in the house of representatives. Kola Ologbondiyan, spokesperson of the PDP, said the party is yet to receive any report from the committee set up to intervene in the matter.The party had in July suspended [...]

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    Reps ask CBN to suspend cashless policy implementation

Reps ask CBN to suspend cashless policy implementation

The house of representatives has asked the Central Bank of Nigeria (CBN) to hit the brakes on the implementation of the cashless policy it recently re-introduced.At the plenary session on Thursday, the lower legislative chamber said the policy will lead to a significant decrease in credit extension by Nigerian money deposit banks.The lawmakers also said the policy will have negative [...]

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    Reps to summon Malami, Sylvia over P&ID judgement

Reps to summon Malami, Sylvia over P&ID judgement

The house of representatives has resolved to review all the treaties and agreements signed by the Nigerian government to avoid a repeat of the $9.6 billion judgement awarded against the country.A British court had awarded the damages against Nigeria over claims that the country did not fulfil its own part of 20-year gas supply and processing agreement with Process and Industrial [...]

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    Air Peace CEO ‘in tears’ as reps recommend him for national award

Air Peace CEO ‘in tears’ as reps recommend him for national award

The house of representatives has recommended Allen Onyeama, chief executive officer (CEO) of Air Peace Airlines, for national honour for evacuating Nigerians stranded in South Africa at no cost.The recommendation was given when Onyeama appeared before the house during Wednesday’s plenary session.The lawmakers also resolved to make Air Peace their main carrier.They had invited Onyeama to honour him for offering [...]

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    Reps to honour Onyeama, Air Peace CEO, for act of patriotism

Reps to honour Onyeama, Air Peace CEO, for act of patriotism

The house of representatives has resolved to honour Allen Onyeama, chief executive officer (CEO) of Air Peace Airlines, for airlifting Nigerians stranded in South Africa at no cost.Femi Gbajabiamila, speaker of the house, said the lower legislative chamber has invited Onyeama to appear before it on Wednesday.Many Nigerians were targeted in the recent xenophobic attacks in South Africa.Air Peace offered to [...]

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    Xenophobia: We can’t keep repatriating dead bodies from SA, says Gbaja

Xenophobia: We can’t keep repatriating dead bodies from SA, says Gbaja

Femi Gbajabiamila, speaker of the house of representatives, says Nigeria cannot continue to repatriate corpses of its citizens from South Africa.Addressing a press conference on Friday, Gbajabiamila condemned the fresh xenophobic attacks in which many Nigerians were targetted.The incident had forced Nigeria to recall its high commissioner from the country while also pulling out of the World Economic Forum (WEF) [...]

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Exchange Rates

October 14, 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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