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House of Representatives

House Of Reps Withdraws Bill To Remove VP, Governors’ Immunity

March 27, 2025

The House of Representatives has withdrawn a bill seeking to amend the 1999 Constitution to remove the immunity granted to vice president, governors, and deputy governors, while also qualifying the immunity of

Politics

Labour Party Vows To Take Legal Action Against Reps Who Defected To APC

December 5, 2024

Labour Party has vowed to take legal action against four House of Representatives members who defected to the All Progressives Congress (APC) from the party. The party stated this while reacting to

Anti-Govt Protest: Lawmakers plead For Patience, Accept 50% Salary Cut

Business News·News·Politics

Tinubu Seeks House Of Reps’ Approval For Securitization Of N7.388trn Debit Balance In CRF

December 31, 2023

President Bola Tinubu has urged the House of Representatives to approve the securitization of the outstanding debit balance of 7.388 trillion Naira in the Consolidated Revenue Fund (CRF). This initiative, outlined in

Seal of the House of Representatives of Nigeria svg

News·Politics

Reps Canvass Tax Incentives For Public-spirited Companies In Nigeria

November 24, 2023

The House of Representatives has urged the federal government to consider granting tax waivers to more companies engaged in the infrastructural development of public schools and hospitals in the country. While adopting

News·Politics

N57.6bn SUVs: Labour Party Slams Tinubu Govt, Warns Its Senators, Reps

October 17, 2023

Following widespread criticisms over the insensitivity of the 360 House of Representatives members receiving official SUVs worth N160 million apiece at a time Nigerians are facing austerity measures, the Labour Party (LP)

The Nigeria Ports Authority (NPA), the Nigeria Customs Service (NCS) and three other agencies have been accused of illegal auction of Federal Government properties.

Business News

Reps To Probe NPA, Customs, 3 Others After Illegal Sale Of Gov’t Properties

July 7, 2023

The Nigeria Ports Authority (NPA), the Nigeria Customs Service (NCS) and three other agencies have been accused of illegal auction of Federal Government properties. Also accused are the Nigeria Railway Corporation (NRC),

Business News

Pres. Buhari’s Request To Restructure CBN Loan Suspended Again

February 1, 2023

The House of Representatives has stated that it will not restructure some of the loans obtained by President Muhammadu Buhari from the Central Bank of Nigeria (CBN) until more information has been

Business News

CBN Act Prevents Banks From Rejecting Old Naira After Deadline, Emefiele Meets Reps

January 31, 2023

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said commercial banks will continue to receive the old Naira notes after the deadline on 10, February 2023. Emefiele said

Oilfield Sale: Setback for Sahara Energy, As Reps Accuse Firm, FG Of Illicit $250 million Deal

Business News·Oil & Gas

Lawmakers Accuse Sahara Energy, Buhari Govt Of $250 million Illicit Oil Deal

December 29, 2022

The House of Representatives has accused Sahara Energy Limited and the Federal Government of illicit deal relating to the auction of the Oil Mining Licence (OML) 11. According to the lower chamber,

Business News

Emefiele Flouts CBN Act – Speaker Gbajabiamila

December 23, 2022

The Speaker, House of Representatives, Femi Gbajabiamila, said the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has failed to comply with the CBN Act. According to Gbajabiamila, under Emefiele,

FCCPC) has approved an additional 211 digital money lenders, known as loan apps, marking an increase from 161 fully approved companies in September.

Business News·Technology

House Of Reps To Probe FairMoney, Opay, Carbon, 39 Other Loan Apps

December 22, 2022

The House of Representatives said FairMoney, OKash, Opay, Carbon, and other loan apps in Nigeria will be probed over threats received by debtors. On Thursday, the lower chambers met to review several

Nigerian Banks Earn N135.52 Trillion From CBN's Naira Policy, E-Payment

Business News

CBN’s Godwin Emefiele Snubs Lawmakers’ Request, Plans To Review Withdrawal Limit

December 9, 2022

The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has said there’s no plan to reverse the withdrawal limit issued to banks and other financial after protest from the House of Representatives.

Business News

House Of Reps Summon Godwin Emefiele Over New Withdrawal Policy, Call For Suspension

December 8, 2022

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been summoned by the House of Representatives over its new withdrawal policy. Prime Business Africa had reported that the central

Business News

Setback For CBN, As Reps Stop Godwin Emefiele From Selling Polaris Bank

October 13, 2022

Members of the House of Representatives have suspended the sale of Polaris Bank by the Central Bank of Nigeria (CBN), following allegations that the apex bank plans to sell the creditor cheaper

Business News

Femi Gbajabiamila, Reps, Unhappy After Nigeria’s Debt Rises To N42.84 trillion Under Buhari

September 21, 2022

Speaker of the House of Representatives of Nigeria, Femi Gbajabiamila, has raised concerns regarding the rising debt of Nigeria, after the government borrowed N3.28 trillion in the first six months of this

Buhari Pledges Support For Stability Of Chad

Business News

Pres. Buhari To Present 2023 Budget In October, Maintain Fiscal Year

September 15, 2022

President Muhammadu Buhari has concluded on presenting the proposed N19.76 trillion budget for the 2023 calendar year to the National Assembly next month. The presentation is expected in the first week of

Business News

Reps To Probe Ministry of Agriculture Over N18.6bn Spent To Clear Bush, Prepare Land

August 18, 2022

House of Representatives have summoned some companies to provide answers, as the lawmakers probe the Federal Ministry of Agriculture and Rural Development’s expenses. The lawmakers disclosed that the Federal Ministry of Agriculture

FG's Deficit Continues To Widen As DMO Oversells October Bond Auction

Business News·Oil & Gas

House Of Reps Reveal Probe Demands, As Lawmakers Summon Finance Minister Over Subsidy Payments

August 10, 2022

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has been summoned by the House of Representatives, as the lawmakers begin to probe the subsidy regime. Ahmed was directed to appear

Business News·News

Lawmakers To Summon CBN’s Godwin Emefiele Over AMCON’s N5 trillion Debt

July 4, 2022

The House of Representatives have decided to summon the heads of Central Bank of Nigeria (CBN), Nigerian Financial Intelligence Unit (NFIU), and Nigeria Deposit Insurance Corporation (NDIC), over their inability to recover

News

9 months Unpaid Pension: House Of Reps Reveals Why Retired Civil Servants Are Yet To Receive Payment

June 29, 2022

The House of Representatives have stated that it will investigate the Pension Transitional Arrangement Directorate (PTAD) for failure to pay pension to Federal Civil Service retirees. According to the lawmaker, Sergius Ose-Ogun,

News·Politics

Nsukka/Igbo-Eze South: Chidi Obetta Declares To Run For House Of Reps

May 16, 2022

Chief Mark Chidi Obetta on Sunday, 15th May, 2022, declared his intention to contest for the ticket of the Peoples Democratic Party (PDP) to represent the people of Nsukka/Igbo-Eze South at the

News

Senate To Consult House Of Reps Over President Buhari’s Assent Of Electoral Bill – Ahmad Lawan

December 22, 2021

The Senate will liase with the House of Representatives on the best possible response to President Muhammadu Buhari’s veto of the Electoral Act (Amendment) Bill 2021. Senate President,

News

Reps Raise 2022 Budget By N735bn To N17.13trn

December 21, 2021

The House of Representatives has passed N17.126 trillion as budget for the 2022 fiscal year. Prime Business Africa gathered that the budget was increased by N735.8 billion. The appropriation bill was passed

Business News

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