President Bola Tinubu has written to the National Assembly, seeking approval for a fresh N1.767 trillion external borrowing plan to part-finance the budget deficit of N9.7 trillion for the 2024 budget. The Nigeria’s growing foreign debt obligations have been of concern lately, and this has been exacerbated by the liberalization of exchange rates, making loan…
The President of the Nigerian Senate, Godswill Akpabio, has denied reports suggesting that the Department of State Services (DSS) has taken over the National Assembly premises to halt an alleged impeachment plot against him. Akpabio made the clarification on the floor of the Senate on Wednesday. He described the report as “fake news” and jokingly…
The national assembly is considering a bill proposing an increase in the value-added tax (VAT) from 7.5 percent to 10 percent. VAT refers to a consumption tax on goods and services levied at each stage of the supply chain where value is added. In the executive bill seen by TheCable on Sunday, the national assembly…
Amid the prevailing high cost-of-living crisis in the country, the National Assembly and four other Ministries, Departments, and Agencies of the Federal Government have received a combined sum of N109bn as statutory allocations in the first few days of August 2024, an investigation by Saturday PUNCH has shown. Recall that the National Assembly raised its…