Abbas warns against Reckless Borrowing as Nigeria’s Debt Becomes Alarming

The Speaker of the House of Representatives, Abbas Tajudeen, has warned that Nigeria’s rising debt profile has exceeded the country’s legal threshold and now poses a major threat to fiscal sustainability. Abbas spoke on Monday at the opening of the 11th Annual Conference and General Assembly of the West Africa Association of Public Accounts Committees, … Read more

Reps Pass Bill to stop Tinubu, Atiku, Obi, others from Contesting Election for 2nd Reading

The House of Representatives has passed for second reading a bill seeking to stop anyone above 60 years from vying for election to the Offices of the President and Governor in Nigeria. If this bill scales legislative scrutiny and is signed into law, President Bola Ahmed Tinubu, former Vice President Atiku Abubakar, and the 2023 … Read more

House of Reps approves Tinubu’s Emergency Declaration in Rivers State

The House of Representatives has approved the declaration of state of emergency rule in Rivers state. This followed a letter from President Bola Tinubu asking the House of Representatives to approve his declaration of a state of emergency in the South-South state. The House voted in support of the declaration during a plenary session on … Read more

Tinubu’s Men Struggling to Secure 2/3 backing Rivers Emergency Rule

Emerging report has indicate that President Bola Tinubu is facing an uphill battle in his bid to secure two-thirds majority in the national assembly to approve his declaration of emergency rule in Rivers state, according to TheCable. Recall, On Tuesday, Tinubu declared a state of emergency in the south-south state, citing the protracted political crisis. … Read more

House of Reps passes ‘Tax Reform Bills’

The House of Representatives on Tuesday passed for third reading, the four tax reforms bills sent to the National Assembly in October 2024. The House had at plenary on Thursday, considered and approved the report of the House Committee on Finance that worked on the bills and the submissions received from Nigerians. The bills include: … Read more

CBN ordered to suspend increase in ATM Transaction Charges

Central Bank of Nigeria, CBN has been ordered by the House of Representatives to suspend the implementation of an increase in ATM transaction charges. According to a new CBN policy, customers withdrawing from their banks’ ATMs will continue to enjoy free withdrawals. However, a fee of N100 per N20,000 withdrawal will be applied to customers … Read more