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All posts tagged "house of representatives"

  • MDGs funds: Reps threaten to sanction states

    The House of Representatives Committee on Millennium Development Goals on Wednesday in Abuja stated that the attitude of some state governors, who tie down funds meant for the MDGs, constituted a serious threat to the realisation of...

    • Posted September 14, 2013
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  • Excess Crude Account depleted by $7bn – Sanusi

    The Governor of the Central Bank of Nigeria, CBN, Mr. Lamido Sanusi yesterday raised the alarm on the Excess Crude Account, ECA, which he said had shrunk by $7 billion from the initial figure of $12 billion...

    • Posted July 18, 2013
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  • Sanusi wants naira redesign revisited

    The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, on Wednesday made a case for the revisit of the suspended naira redesigning project earlier proposed by the bank. Sanusi made the case when he appeared...

    • Posted July 18, 2013
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  • Reps write CBN on fake ATM currency notes, seek review of envelope budgeting system

    The House of Representatives said on Wednesday that it had written to the Central Bank of Nigeria to explain the source of fake currency naira notes being dispensed by Automated Teller Machines of some banks. Lawmakers claimed...

    • Posted July 4, 2013
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  • Reps seek N10m for FCT Magistrate Courts

    The House of Representatives has called for an  increase in the monetary jurisdiction of magistrate courts in the Federal Capital Territory (FCT) to a minimum of N10 million against N250,000. The resolution was reached after the adoption...

    • Posted May 31, 2013
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  • Senators frown on new agencies’ N21billion running cost

    Senators on Thursday raised concerns over the establishment of two federal agencies with a combined annual running cost of N21bn. This followed the consideration of two bills for the establishment of the Nigerian Financial Ombudsman and the...

    • Posted April 19, 2013
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  • Reps frustrate NNPC’s effort to cover finances of 16 subsidiaries

    The House of Representatives, yesterday, frustrated efforts by Nigerian National Petroleum Corporation, NNPC, to cover the financial records of its 16 subsidiaries. This was disclosed by Chairman of the House Committee on Finance, Abdulmumuni Jibrin, during an...

    • Posted March 19, 2013
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  • Reps ask CBN to implement single-digit lending rate

    The House of Representatives on Wednesday pushed for a single-digit benchmark lending rate in the country’s banking industry. It directed its Committee on Banking and Currency to engage the Central Bank of Nigeria on the matter with...

    • Posted February 21, 2013
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