Wednesday, October 17, 2018

Tag "senate"

    Akpabio asks Saraki to resign after disagreement over sitting arrangement

Akpabio asks Saraki to resign after disagreement over sitting arrangement

Godswill Akpabio, senator representing Akwa Ibom north-west, says Senate President Bukola Saraki should resign his position.Akpabio made the call on Wednesday after he had a disagreement with Saraki in the senate chamber over sitting arrangement.Albert Akpan, senator representing Akwa Ibom north-east, had accused the All Progressives Congress (APC) in the state of plotting to create chaos ahead of the governorship [...]

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    Senate withholds confirmation of three nominees for CCB board

Senate withholds confirmation of three nominees for CCB board

The senate has confirmed the nomination of seven appointees to the Code of Conduct Bureau (CCB) board.The upper legislative chamber confirmed the seven individuals after Sam Anyanwu, chairman of the committee on ethics, privileges and public petitions, presented a report for the consideration of the senators.In November, President Muhammadu Buhari had written the senate, asking for the confirmation of [...]

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    Senate asks CBN to increase maximum ATM withdrawal to N40k per transaction

Senate asks CBN to increase maximum ATM withdrawal to N40k per transaction

The senate has asked the Central Bank of Nigeria (CBN) to direct commercial banks to increase the maximum amount customers can withdraw from automated teller machines (ATMs) to N40,000 per transaction.The maximum is currently N20,000. The senate also asked the apex bank to suspend ATM card maintenance fees.The upper legislative chamber directed its committees on banking and finance to conduct [...]

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    Senate in rowdy session as Saraki refuses to recognise Akpabio

Senate in rowdy session as Saraki refuses to recognise Akpabio

The senate was thrown into a rowdy session on Wednesday after Senate President Bukola Saraki prevented Godswill Akpabio from speaking from a seat not assigned him.Akpabio, a former minority leader, has defected to the All Progressives Congress (APC) from the Peoples Democratic Party (PDP).Consequently, his former seat is now occupied by PDP senator, Olujimi Abiodun.Albert Akpan, senator representing Akwa Ibom [...]

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    Ndume, Marafa, Lawan clash over probe of $3.5bn ‘subsidy fund’

Ndume, Marafa, Lawan clash over probe of $3.5bn ‘subsidy fund’

Three senators, Ahmed Lawan, Ali Ndume and Kabir Marafa, clashed on Tuesday over an ad hoc committee set up to probe a "$3.5 billion subsidy fund" belonging to the Nigeria National Petroleum Corporation (NNPC).Biodun Olujimi, senate minority leader, had sponsored a motion on the need to probe the subsidy recovery fund being "managed by two people".Reacting to the allegation, Ndume said [...]

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    Senate probes $3.5bn subsidy recovery fund ‘managed by two people’ in NNPC

Senate probes $3.5bn subsidy recovery fund ‘managed by two people’ in NNPC

The senate has set up an ad hoc committee to probe a $3.5 billion "subsidy recovery fund" said to be managed by Maikanti Baru, group managing director (GMD) of the Nigeria National Petroleum Corporation (NNPC), and the corporation's finance director.The decision of the senate was sequel to a motion on matters of national importance sponsored by Biodun Olujimi, minority [...]

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    APC senators ignore party’s directives, seek reconciliation with Saraki

APC senators ignore party’s directives, seek reconciliation with Saraki

Although the leadership of the ruling All Progressives Congress (APC) has directed its members in the senate to oust Senate President Bukola Saraki, TheCable understands that the senators are more interested in restoring peace to the upper legislative chamber than doing this.Saraki has been under pressure to step down since he defected to the Peoples Democratic Party (PDP) from the [...]

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    After 10-week recess, senators, reps adjourn plenary over death of Funke Adedoyin

After 10-week recess, senators, reps adjourn plenary over death of Funke Adedoyin

Senators and members of the house of representatives have adjourned plenary over the death of Funke Adedoyin, a lawmaker in the lower legislative chamber.While members of the lower legislative chamber will resume on Thursday, those in the senate would reconvene on Wednesday.Adedoyin passed on in Abuja on September 28 after fighting with cancer. She was aged 56.Until her death, she [...]

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    Senate has failed Nigerians, says Ndume

Senate has failed Nigerians, says Ndume

Ali Ndume, senator representing Borno south, says the upper legislative chamber has failed in its responsibility to Nigerians.Speaking during a NAN forum on Sunday in Abuja, Ndume blamed this on the leadership of Senate President Bukola Saraki.He also said Saraki could not be in the Peoples Democratic Party (PDP) and still be the head of the senate.Ndume said as minority [...]

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    Court dismisses suit against reconvening of senate without Saraki’s approval

Court dismisses suit against reconvening of senate without Saraki’s approval

A federal high court in Abuja has dismissed a suit kicking against the reconvening of the senate without the approval of Senate President Bukola Saraki.At its sitting on Thursday, Nnamdi Dimgba, a judge, struck out the suit after the lawyers representing the plaintiff failed to show up in court.Two senators loyal to Saraki – Rabiu Adebayo (Kwara south) and Isa [...]

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    My comment was taken out of context, says Ekweremadu on being senator for life

My comment was taken out of context, says Ekweremadu on being senator for life

Ike Ekweremadu, deputy senate president, says his comment on staying at the senate for a long period if he wanted to, was taken out of context.On Thursday, Ekweremadu while speaking at an event organised by the Not Too Young To Run movement, said he is "in total" touch with his people and could remain in the senate forever, if he [...]

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    Ekweremadu: If I want to remain in the senate forever, I will

Ekweremadu: If I want to remain in the senate forever, I will

Ike Ekweremadu, deputy senate president, says he will remain in the upper legislative chamber forever, if he wants.Ekeweramdu said this on Thursday while speaking at the event organised by the Not Too Young To Run movement.The theme of the event was 'Youth Candidacy and the Future of Nigeria Beyond 2019.'He advised the young political aspirants to go back to their [...]

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    Bone of contention: The issues delaying INEC’s budget for 2019 polls

Bone of contention: The issues delaying INEC’s budget for 2019 polls

The national assembly joint committee considering the budget for 2019 elections has met on three occasions – and all three meetings have been inconclusive.Before the lawmakers embarked on their annual recess on July 24, President Muhammadu Buhari had sent a supplementary budget of N242 billion to be passed for the 2019 elections.Amid calls to reconvene and pass the budget, the [...]

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    Impeachment: Two-thirds of all national assembly members vs two-thirds of the majority

Impeachment: Two-thirds of all national assembly members vs two-thirds of the majority

BY SUMNER SHAGARI SAMBOSince the defection of Senate President Bukola Saraki from the ruling All Progressives Congress to opposition Peoples Democratic Party, all hell has been let loose in Nigeria's polity with the two dominant political parties threatening impeachment against each other.With Saraki's defection and attendance of the recent National Executive Committee (NEC) meeting of the PDP where he was [...]

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    2019 polls: INEC budgets N6bn for feeding of security operatives

2019 polls: INEC budgets N6bn for feeding of security operatives

The Independent National Electoral Commission (INEC) has finally met with lawmakers to kick-start the process of passing the budget for 2019 elections.The leadership of the electoral umpire met with the house of representatives committee on electoral and political parties matters in Abuja on Wednesday, regarding the N189 billion budgeted for it to conduct the election.President Muhammadu Buhari had sent a [...]

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    Lawmaker who wants to make Buhari life president is on his way to senate

Lawmaker who wants to make Buhari life president is on his way to senate

The Independent National Electoral Commission (INEC) has declared Lawal Gumau, candidate of the All Progressives Congress (APC), winner of the bye-election in Bauchi south senatorial district.Gumau, a member of the house of representatives, made the headlines after he said his sole mission at the senate is to make President Muhammadu Buhari head of the country for life.While speaking at the close [...]

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Exchange Rates

October 15, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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