The House of Representatives has called for extension of the deadline fixed by the Central Bank of Nigeria (CBN) for people to exchange old currency notes for the redesigned. The affected notes are N200, N500 and N1,000. The House has also constituted an Ad hoc committee under the headship of its Majority Leader, Alhassan Ado Doguwa, to meet with management Read More
The Senate on Tuesday January 24, 2023 appealed to the Central Bank of Nigeria (CBN) to extend the deadline for the exchange of old naira notes from the January 31 deadline to July 31, 2023. The apex bank had in October last year, said the old naira notes would seized to be legal tender as from January 31, 2023 but Read More
Few hours to 2023 and about 46 days to general elections, the Senate has urged Nigerians to take active part in the coming elections. This is as Southern Senators tasks them on Unity and Patriotism in the New year for Nationhood journey of the country. In separate statements issued in Abuja Saturday, President of the Senate, Ahmad Lawan, caucus of Read More
As requested for, by President Muhammadu Buhari, the National Assembly Wednesday extended implementation period for the N18.12trillion 2022 budget to March 31, 2023. The budget in line with provisions of clause 12 of the Appropriation Act and section 318 of the 1999 constitution which stipulate 12 calendar months for implementation of budget in any fiscal year , supposed to have Read More
The Senate through its committee on Finance, has commenced consideration of the 2022 Finance Bill forwarded to both Chambers of the National Assembly on Tuesday December 20 by President Muhammadu Buhari for expeditious legislative attention. This is as the federal government through her representatives at the sitting of the committee Thursday, sought for amendments to 34 sections of existing Act. Read More
The Senate Tuesday confirmed appointments of Special Assistant on New Media to President Muhammadu Buhari, Lauretta Onochie as Chairman of the Board of the Niger Delta Development Commission (NDDC ) along with those of Managing Director, Executive Directors and members of the Commission. Confirmation of appointments of 13 out of the 15 Presidential nominees for the Board by the Senate, Read More
Ordinarily, the senatorial contest for the 2023 general elections for the people of Imo West Senatorial District (Orlu zone) should be between the candidate of the Peoples Democratic Party (PDP), Rt. Hon (Sir) Jones Chukwudi Onyereri Ph.D. (Mmiri na anwu), and the candidate of the All Progressives Congress (APC) Seni Osita Bonaventure Izunaso. The candidates of the other smaller political Read More
The South-south Emerging Leaders Forum (SELF), has alleged that some Senators in collaboration with a certain serving Minister were allegedly working to frustrate the confirmation of the board member nominees for the Niger Delta Development Commission (NDDC) forwarded to the Senate by President Muhammadu Buhari so as to raise fund to prosecute elections in River and Delta states. The forum, Read More
As controversies continue to trail the planned policy of the Central Bank of Nigeria (CBN) to limit cash withdrawal for individuals at N100, 000 and corporate bodies N500, 000 per week, the bank has succeeded in convincing the Senate Committee on Banking, Insurance and other Financial Institutions of the need for it. The policy as disclosed by the Deputy Governor Read More
As controversies continue to trail the planned policy of the Central Bank of Nigeria (CBN) to limited cash withdrawal for individuals at N100,000 and corporate bodies N500, 000 per week, the bank has succeeded in convincing the Senate Committee on Banking, Insurance and other Financial Institutions of the need for it. The policy as disclosed by the Deputy Governor of Read More
Senator representing Nasarawa south Umaru Al-Makura has assured the people of his congruency of continuous quality and purposeful leadership at the national Assembly, if re-elected 2023. He stated this on Saturday while inaugurating his campaign/advisory council in Lafia. Al-Makura said he has done well as the representative of the people of the zone and solicited for their support and votes Read More
The Senate Tuesday passed for second reading a bill meant to establish the Nigerian Police Special Forces and the Nigeria Police Special Forces Training School, in Gwoza, Borno state. The sponsor of the bill, who is also the chairman, Senate Committee on the Army, Senator Ali Ndume ( APC Borno South) , said the proposed legislation when passed into law Read More
On November 9, 2022, a former member of the Senate from 1999 to 2007, Ifeanyi Godwin Araraume, approached a federal high court in Abuja, with a suit challenging his removal as non-executive chairman, Board of the newly-incorporated Nigerian National Petroleum Company (NNPC) Limited. Araraume joined in the suit, the President Muhammadu Buhari and the NNPC Limited as first and second Read More
A member of the National Assembly representing Ikwo/Ezza South federal constituency, Ebonyi state, in the House of Representatives, Chinedu Ogah, weekend stated that South- east will benefit if Bola Ahmed Tinubu becomes the president of the country in 2023. Ogah is advocating for Tinubu/Shettima ticket (Muslim-Muslim ticket) saying it is the right choice for the zone and that it is Read More
The Senate, Thursday, set machinery in motion for legalising National Institute for Educational Planning and Administration with public hearing on a bill sponsored to that effect by Senator Ayo Akinyelure (PDP Ondo Central). This is as the President of the Senate, Ahmad Lawan, declared that putting the Institute in proper shape was long overdue for required solutions to myriad of Read More
Politics if really it is defined as the struggles for the acquisition, control and utilisation of power then Kogi East Senatorial zone of Kogi state should roll out their drums in celebration as God in His infinite mercy has provided a new political kid on the block. He is introducing a new type of political dispensation that recognises the people Read More
For the Nigerian Senate, it is just a legislation; for the Central Bank of Nigeria (CBN), it is a defilement of its sanctity and independence; for Nigeria, it is a grave threat to its economy, and a portent of its economic quandary. The Nigerian Senate, on 27th September, 2022, deliberated on a Bill seeking to amend the Central Bank of Read More
Chances of the Senate President, Ahmad Lawan, returning to the red chamber may have been closed by the court verdict upholding Bashir Sheriff Machina as the All Progressives Congress (APC) candidate for Yobe North Senatorial District. Is this the end to the road for the lawmaker’s political journey? KEHINDE OSASONA asks. The legislature is one of the tripods on which Read More
The Federal Government (FG) raised its domestic and foreign borrowing requirement by 15 per cent to fund a record budget deficit, piling pressure on the debt-servicing burden in Africa’s biggest economy. The Senate on Wednesday agreed to N8.4 trillion ($19 billion) of new loans for 2023 to help fund an estimated budget shortfall of N10.5 trillion. Projected borrowing this year Read More
There are a lot of intrigues in Ebonyi state over who replaces the governor, Engr. David Nweze Umahi, in 2023 as prepares to run for Ebonyi South Senate seat. For Ebonyi state residents, stakeholders and politicians, the stakes have never been higher as the battle for who succeeds the state governor, Engr. David Nweze Umahi, gathers momentum ahead of 2023. Read More
The Federal High Court in Birnin Kebbi, Tuesday, voided the election of a former governor of Kebbi state, Adamu Aleiro, as the senatorial candidate of the Peoples Democratic Party (PDP) for Kebbi Central district. The trial judge, Babagana Ashigar, ruled in favour of Haruna Sa’idu who argued that he is the bona fide senatorial candidate of the PDP for the Read More
The Federal High Court sitting in Damaturu, Yobe state capital on Wednesday declared Bashir Sheriff Machina as the All Progressives Congress (APC) authentic senatorial candidate for Yobe North in the coming 2023 National Assembly elections. Following the judgement, the court directed the Independent National Electoral Commission (INEC) to accept and publish his name accordingly. The declaration was made by presiding Read More
The House of Representatives Committee on Steel has called for concerted efforts by relevant authorities towards ensuring that the Ajaokuta Steel Mill in Kogi state becomes fully operational. The chairman of the Committee, Abdullahi Halims, made the call during an oversight visit with other members of the committee to the Ministry of Mines and Steel development in Abuja. Halims said Read More
The naira is sinking and no one knows precisely how to save the currency of Africa’s largest economy. The Central Bank of Nigeria (CBN) has deployed all the weapons in its arsenal in defence of the naira. Ironically, none is working. Even lending rate hikes have become counter-productive. On July 27, 2021, the apex bank fingered Nigeria’s treacherous bureau de Read More
Governor David Umahi of Ebonyi state Sunday won in the freshly conducted All Progressives congress (APC) senatorial primary elections for the South district of the state. The earlier senatorial primary elections of APC on May 28, 2022, had produced the younger brother of Gov. Umahi, Austine Umahi as the winner but he declined the position after the Governor lost the Read More
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