Thursday, August 1, 2019

Tag "national assembly"

    ‘When your sugar mummy is a senator’ and other reactions to N9bn wardrobe allowance

‘When your sugar mummy is a senator’ and other reactions to N9bn wardrobe allowance

Thousands of Nigerians have taken to social media to call to question the logic behind the N9 billion wardrobe allowance for members of the 8th national assembly as reported in the media.THISDAY earlier reported that the 469 federal lawmakers in both chambers were billed to get a sum of N8.64 billion to furnish their wardrobes.The N8.64 billion wardrobe allowance translates [...]

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    Jonathan takes national assembly to court

Jonathan takes national assembly to court

President Goodluck Jonathan has approached the Supreme Court of Nigeria to void any attempt by the national assembly to pass into law the 2015 constitution amendment bill.Jonathan had rejected amendments made by the national assembly to the 1999 constitution, citing 12 errors in the amendment bill.The 1999 constitution amendment bill, which made provisions for independent candidature as well as the [...]

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    National assembly approves $53-per-barrel oil benchmark

National assembly approves $53-per-barrel oil benchmark

The national assembly on Thursday approved an oil benchmark of $53 per barrel for the 2015 budget.The approval of the new oil benchmark follows the presentation of the report of the conference committee on the 2015-2017 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) by Ahmed Makarfi (Kaduna north), chairman senate committee on finance.The finance committees of the [...]

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    FG sets budget 2015 on $65-per-barrel oil price

FG sets budget 2015 on $65-per-barrel oil price

Ngozi-Okonjo-Iweala, the coordinating minister of the economy and minister of finance, on Wednesday laid the 2015 budget before both chambers of the national assembly.The budget rests on a benchmark oil price of $65 a barrel and the production forecast for oil was set at 2.27 million barrels per day.“I have laid the budget on behalf of his Excellency, Mr. President," [...]

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    National assembly tear-gassing, Tambuwal’s ‘sacrifice’…10 things to note about last week

National assembly tear-gassing, Tambuwal’s ‘sacrifice’…10 things to note about last week

As the battles for 2015 and 2016 electoral positions in Nigeria and the United States respectively continue drawing more attention, drama in both nations and other parts of the world have assumed some really interesting dimensions. It was some sort of chaos in Nigeria, dictatorial tendencies in the US, military in civilian clothing in Burkina Faso and fiery opposition in Zambia. Politics [...]

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    Protesters set Burkina Faso’s parliamentary building on fire

Protesters set Burkina Faso’s parliamentary building on fire

Protesters in Burkina Faso on Thursday stormed the national assembly complex in Ouagadougou, capital of the country, chanting anti-government songs and disrupting proceedings of the lawmakers.Witness told Reuters that the police initially succeeded in using tear gas canisters to disperse the mob, but they regrouped in larger numbers and broke into the building, setting parts of it on fire.The protesters had taken to [...]

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    Governors reject autonomy for LGAs

Governors reject autonomy for LGAs

The two factions of the Nigerian Governors Forum (NGF) have rejected the national assembly's proposal granting autonomy to local governments.In separate reactions, the two factions, led by Rotimi Amaechi, governor of Rivers state, and Jonah Jang, governor of Plateau state, said the proposed autonomy for local governments in the country was not in line with the operation of a federal [...]

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    PDP to pick presidential candidate December 6

PDP to pick presidential candidate December 6

The Peoples Democratic Party (PDP) will hold its presidential primary on December 6, while the governorship and national assembly primaries have been scheduled for October 29 and November 22 respectively, national publicity secretary of the party, Olisah Metuh, has revealed.Speaking  in Abuja on Wednesday, Metuh said the dates, which were proposed by the party's National Working Committee (NWC), are subject to approval by [...]

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    Setback for $1bn loan as legislators embark on recess

Setback for $1bn loan as legislators embark on recess

The urgent request of President Goodluck Jonathan for the approval of $1 billion loan to help the military fight Boko Haram has suffered a setback, as the national assembly proceeded on a two-month recess on Friday.A letter from the president requesting urgent approval of a $1 billion external loan was read on the floor of the Federal House of Representatives [...]

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    Lawyers say ‘no’ to taxing churches and mosques

Lawyers say ‘no’ to taxing churches and mosques

Some prominent lawyers are unimpressed by the recommendation of some delegates at the ongoing national confab in Abuja that religious organisations should pay tax.They described the move as clear misplacement of priorities.Human rights lawyer, Mr Bamidele Aturu, urged the delegates to focus on important issues that would foster unity and development of the country. He argued that it is the duty of the national assembly to [...]

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    State of emergency to be extended by 6 months

State of emergency to be extended by 6 months

There could be six more months of state of emergency in Borno, Yobe and Adamawa States following a request to the National Assembly by President Goodluck Jonathan.His request letter was read in senate Tuesday morning.It will have to be approved by the national assembly in line with the constitutional provision.The state of emergency was first introduced in May 2013 and [...]

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    Maritime stakeholders rue delay in passage of budget

Maritime stakeholders rue delay in passage of budget

Maritime stakeholders have lamented the negative impact of the late passage of the national budget  on the sector. Speaking in Lagos on Thursday, they observed that the late passage of the budget contradicts the aim of rebasing the Gross Domestic Product (GDP). President of the Shippers Association, Lagos State, Rev. Jonathan Nicol specifically urged the National Assembly to ensure the speedy passage of the budget before or early in [...]

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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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