The House of Representatives has urged the Central Bank of Nigeria (CBN) to direct banks to immediately revamp their electronic transaction platforms. According to the House, the move has become necessary in the aftermath of the recent CBN policies, which have put pressure on online and electronic banking. The CBN had set lower limits for cash withdrawal and redesigned the …

A bill seeking to amend the National Drug Law Enforcement Agency (NDLEA) Act, 2004 and grant it more powers to revoke licenses for the cultivation of cannabis plants in Nigeria for medicinal purposes failed to fly in the House of Representatives on Thursday. On Wednesday at the plenary, the measure that Hon. Benjamin Kalu and Hon. Olumide Osoba had co-sponsored …

The Taraba State caucus of the All Progressives Congress (APC) in the House of Representatives has dissociated itself from the removal of the state party’s chairman, Hon. Ibrahim El-Sudi, saying the decision by a faction of the State Working Committee (SEC) will not stand. Addressing a press conference on Monday in Abuja, the spokesman of the caucus, Hon. Usman Shidi …

Severance allowances of the 469 members of the National Assembly and their legislative aides will cost the nation N30.17 billion next year. The sum is a part of the  N238.78 billion National Assembly appropriated for itself as contained in the  N21.8 trillion 2023 national budget. The assembly okayed the Appropriation Bill on Wednesday. The Senate will receive N33.27  billion out …

The House of Representatives has asked the Federal Government, through the Nigerian Petroleum Development Company (NPDC) , to suspend the planned auction of Oil Mining Licence (OML) 11 for $250 million when it has been bidded for $1 billion. At the plenary on Wednesday, the House “urge the Federal Government, particularly the NPDC, to suspend the planned auction and sale …

The House of Representatives on Wednesday accused the President of the Academic Staff Union of Universities (ASUU), Prof. Emmanuel Osedeke of misleading the public on the intervention of Speaker, Rt. Hon. Femi Gbajabiamila in the union’s faceoff with the Federal Government. It said that Osedeke’s approach to negotiations and his penchant for political brinkmanship were the main reasons ASUU’s strike lingered for …