Monday, January 21, 2019

Tag "national assembly"

    ‘2017 budget will stimulate economic growth’

‘2017 budget will stimulate economic growth’

The 2017 appropriation bill passed by the national assembly will stimulate economic growth and pull the country out of recession, Abubakar Amuda-Kannike, a member of the house of representatives, has said.Amuda-Kannike of the All Progressives Congress (APC), Oyo state, said this on Friday in an interview with NAN.The national assembly had passed the 2017 appropriation bill of N7.44 trillion on [...]

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    N’assembly earmarks N6.4bn for cars after splashing billions on them in 2016

N’assembly earmarks N6.4bn for cars after splashing billions on them in 2016

The national assembly on Thursday disclosed the details of its 2017 budget. This was after eight years of keeping it a guarded secret.The total budget for the legislature this year is N125bn. This is N10bn higher than that of last year – of which details were not disclosed.While the senate will splash N2.6bn on automobiles, the house will do the [...]

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    Fresh N10bn for national assembly — lawmakers inflate 2017 budget

Fresh N10bn for national assembly — lawmakers inflate 2017 budget

The national assembly has finally passed the 2017 budget, nearly six months after it was presented by President Muhammadu Buhari in December 2016.In the process of scrutinising the budget from presentation to passage, the national assembly committees added as much as N143 billion to the initial N7.28 trillion presented by the president.TheCable is comparing what was presented and what was [...]

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    Finally, national assembly releases details of its budget

Finally, national assembly releases details of its budget

The national assembly has released details of its budget for 2017, which totals N125 billion.The budget is N10 billion above the amount proposed by President Muhammadu Buhari in December.According to the breakdown of the budget, the management of the national assembly has N6.7 billion for personnel cost, N6.2 billion for overhead costs and N2 billion for capital.The total money voted to [...]

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    Did PMB just downgrade Osinbajo from ‘acting president’ to ‘coordinating president’?

Did PMB just downgrade Osinbajo from ‘acting president’ to ‘coordinating president’?

There seems to be ambiguity in President Muhammadu Buhari’s recent letter of “transfer of power” sent to the national assembly.Back in January when he left the country for medical treatment in the UK, he stated clearly in a letter to the legislature that Vice-President Yemi Osinbajo would “perform the duties” of his office while he was away.“In compliance with section [...]

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    Saraki’s aide vows to resign if n’assembly budget is not released

Saraki’s aide vows to resign if n’assembly budget is not released

Bamikole Omishore, special assistant to Senate President Bukola Saraki, has vowed to quit his job if a breakdown of the national assembly budget is not released.Omishore said this in a tweet on Friday.https://twitter.com/MrBanksOmishore/status/858022648584040449https://twitter.com/MrBanksOmishore/status/858025154391273477Saraki had pledged seven times to release a breakdown of the national assembly budget, but he failed to fulfill his promise.The budget of the legislature is opaque, despite [...]

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    A presidency at war with everybody

A presidency at war with everybody

I think one of the reasons the Muhammadu Buhari administration currently seems overwhelmed and isolated is because the honcho and those close to him bought the hype that he was the only man that could change Nigeria.There is no doubt that a man, especially one widely touted to be of exemplary disposition can lead a revolution to change the lives [...]

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    Buhari writes n’assembly, seeks approval to borrow $5.851bn for railway

Buhari writes n’assembly, seeks approval to borrow $5.851bn for railway

President Muhammadu Buhari has sought the approval of the national assembly to borrow $5.851 billion for the upgrade of various sections of the Nigerian railway.In a letter which Senate President Bukola Saraki and Yakubu Dogara, speaker of the house of representatives, read on Wednesday, Buhari pleaded with the lawmakers to endorse the loan on time in order to make the [...]

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    Rep blames Obasanjo for negative image of national assembly

Rep blames Obasanjo for negative image of national assembly

Zakari Mohammed, a lawmaker representing Baruten/Kaiama constituency, says former president Olusegun Obasanjo is to blame for the negative perception Nigerians have of federal lawmakers.He said despite the general belief, members of the national assembly are not the highest paid political office holders in Nigeria."The public perception of the National Assembly is in sharp contrast to the reality on the ground [...]

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    Protesters storm n’assembly over Ndume’s suspension

Protesters storm n’assembly over Ndume’s suspension

Supporters of senator Ali Ndume have barricaded the entrance of the national assembly in protest of his suspension from the senate.Ndume represents Borno south constituency.Over 200 persons, carrying placards and banners, on Tuesday morning stormed the national assembly complex to demand Ndume's reinstatement.One banner read: "Southern Borno has been suspended from Nigeria's political space."Security operatives were forced to lock the gates [...]

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    Dino Melaye: The making of a brand

Dino Melaye: The making of a brand

It is a sign of the times, and a tragedy that the most popular senator in the Nigerian national assembly at this moment is not the person who has moved the most impactful motion, not a lawmaker who has proposed a thought-provoking bill, and certainly not any senator who has given any impressive speech debating a matter of national importance. [...]

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    FG sets up committee to resolve faceoff with senate

FG sets up committee to resolve faceoff with senate

The federal government has set up a committee to resolve the issues between it and the senate.Lai Mohammed, minister of information and culture, disclosed this on Wednesday.Mohammed said the executive was concerned that the relationship between the two arms of government is not as smooth as it should be.The minister said the issue was discussed at the federal executive council [...]

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    Ezekwesili: Federal lawmakers haven’t done anything for Nigerians

Ezekwesili: Federal lawmakers haven’t done anything for Nigerians

Oby Ezekwesili, a former minister of education, says members of the eighth assembly have done nothing for Nigerians except pay themselves "fat allowances and engage in scandals".In a series of tweets on Wednesday, Ezekwesili urged Nigerians to fight for their future.She said she was for the young people because they could not see the "wickedness inflicted" on them by the [...]

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    Buhari writes national assembly, says ‘I have resumed’

Buhari writes national assembly, says ‘I have resumed’

President Muhammadu Buhari has resumed duties after a 49-day vacation in the UK.Femi Adesina, presidential spokesman, disclosed this in a statement on Monday.“In compliance with section 145 of the 1999 constitution (as amended), the president has formally transmitted  letters to the senate and the house of representatives, intimating the national assembly ‘that I have resumed my functions as the president [...]

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    Customs has completely ignored the fight against corruption, says Sagay

Customs has completely ignored the fight against corruption, says Sagay

Itse Sagay, chairman of the Presidential Advisory Committee Against Corruption (PACAC), says the Nigeria Customs Service (NCS) has completely ignored the fight against corruption.Speaking at the opening of a two-day programme on corruption, Sagay said the alleged rot at customs is "thumbing its nose at this administration and all Nigerians".He narrated an encounter which one of his family members had [...]

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    POLL: Do you support Osinbajo’s rejection of four n’assembly bills?

POLL: Do you support Osinbajo’s rejection of four n’assembly bills?

Acting President Yemi Osinbajo on Wednesday rejected four bills the national assembly had passed.The bills which Osinbajo refused to sign into law are – Dangerous Drug Amendment Bill, 2016; National Lottery Bill, 2016; Currency Conversion Freezing Order Amendment Bill, 2016, and Agriculture Guarantee Scheme Fund Amendment Bill, 2016.He said assent to some of the bills was withheld due to “concerns regarding [...]

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Exchange Rates

January 18, 2019USDGBPEUR
INTERBANK306397354
LAGOS362463411
KANO361465413
PH361462412
ABUJA362462413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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