trade-invest

Senate Passes N4.695 Trillion Budget

The Nigerian senate has today passed the budget of the sum of N4.695 trillion for the 2014 fiscal year in excess of N53 billion from the initial N4.642 trillion proposed by the Executive. A breakdown of the total budget shows the approval of N2.454 trillion as recurrent expenditure while the capital expenditure got N1.119 trillion approval.
Senate Passes N4.695 Trillion Budget

AMCON Amendment Bill: Senate holds public hearing

In what looks unprecedented in the history of debt recovery and asset management in the banking industry, the Asset Management of Nigeria AMCON has said it has recovered 50 percent of banks’ non-performing loans.
AMCON Amendment Bill: Senate holds public hearing

Finance Minister submits 4.6 trillion naira budget proposal

True to speculations that President Goodluck Jonathan may not present the 2014 budget estimates before the joint session of the National Assembly, the Minister of Finance and the co-ordinating minister of the economy, Dr Ngozi Okonjo-Iweala, has today presented a N4.6 trillion budget estimates excluding...
Finance Minister submits 4.6 trillion naira budget proposal

Senate & House Committees on Interior hold public hearing on CJS

The Senate and House of Representatives Committees on Interior have held a Joint Public Hearing at the Senate wing of the National Assembly on the Criminal Justice System.
Senate & House Committees on Interior hold public hearing on CJS

Service Chiefs confirmed, 2014 budget debate continues

The Nigerian Senate today has confirmed the nomination of service chiefs. Standing in the name of Senator George Thompson Sekibo-Rivers East, motion was made that the Senate do consider the Report of the Joint Committee on Defense, Army & Navy; and Air force on the screening of the nominees
Service Chiefs confirmed, 2014 budget debate continues

Tokunbo Tyres: Senate wakes up Son

 Tokunbo Tyres: Senate wakes up Son

  -Striking resident doctors get reprieve

  -Ni post to be repositioned

   Abaribe-I’m embarrassed

Senator Enyinnaya Abaribe (Abia South) has today narrated his embarrassment from his constituents over alleged existence of National Grazing Commission before the senate claiming that to the best of his knowledge, there was no such Bill before the Nigerian senate. Came under personal explanation12

Subsequently the senate slammed importers of substandard motor vehicle tyres known as ‘Tokunbo” and called on the standard organization of Nigeria (SON) to immediately and strictly enforce the provision of section 17 of son Act for violating the mandatory Industrial Standards order and partner with the Nigerian Customs service to intensify borders and ports cheeks where the substandard tyres are brought into the country and ensure speedy clearance of imported tyres from the ports.

The senate in the motion: The use of substandard or used tyres on Nigeria roads: was alarmed by the grave and incessant road accidents that occur in Nigeria associated with tyres as a result of the use substandard tyres or second-hand tyres popularly called ‘Tokunbo” and worried that from 2010 to date, statistics have shown that 5000 precious lives have been lost on Nigerian roads as a result of tyre burst due to low quality or bursting on roads largely because they have been corroded by rain and sea spray during long trips from Europe or Over-stay at ports.

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