Rivers Labour Threatens Actions Over State of Emergency
The Rivers State Organised Labour are threatening to embark on strategic union actions that may disrupt national economic activities if their demands are not met within a reasonable timeframe. The threat comes on the heels of the recent declaration of a state of emergency in Rivers State, which the labour union, in a statement yesterday, […]
National Assembly Passes N54.99tr 2025 Budget
The National Assembly has passed the ₦54.99trn 2025 Appropriation Bill in their separate plenary sessions. Our correspondent, Raliat Adenekan reports that the Senate President, Godswill Akpabio, stated that the Key Budget Allocations include Statutory Transfers: N3.65 trillion, Recurrent (non- debt) Expenditure: N13.64 trillion, Capital Expenditure: N23.96 trillion, Debt Servicing: N14.32 trillion, Fiscal Deficit: N13.08 trillion […]
Tinubu Seeks N4.5 Trillion Increase in 2025 Budget
President Bola Tinubu has asked the National Assembly to increase the 2025 budget from N49.7 trillion to N54.2 trillion. Tinubu, in a letter read during yesterday’s plenary in both chambers, said the proposed increase arose from the N1.4 trillion additional revenues made by Federal Inland Revenue Service, N1.2 trillion generated by Nigeria Customs Service and […]
NLC to hold Nationwide Rally Against Telecom Tariff Hike
The Nigeria Labour Congress (NLC) says it will embark on a nationwide mass rally on Tuesday February 4, 2025, in protest of the 50 per cent telecom tariff increase recently approved by the Nigerian Communications Commission (NCC). The NLC, in a communique, said the rally will serve as a warning on the dangers of imposing […]
National Assembly Targets January 31 for 2025 Budget Passage
The National Assembly has set Jan. 31 as the tentative date for passage of the N49.7 trillion 2025 Appropriation Bill presented to its joint session by President Bola Tinubu on Dec. 18, 2024. Chairman of Senate Committee on Appropriations, Sen. Solomon Adeola, who stated this yesterday at a meeting with the chairmen of standing committees […]
President Bola Tinubu says No Going Back on Tax Reform
President Bola Tinubu has maintained that his administration is not going to back down on the new tax reforms bill pending before the National Assembly. Speaking during his first Presidential media chat last night in Lagos State, President Tinubu stated that the reforms are in favour of the poor, and initiated to eliminate colonial rule’s […]
President Tinubu Seeks Approval for Fresh $2.2bn External Loan
President Bola Tinubu has written to the National Assembly for approval of a fresh $2.2 billion loan. According to a letter read during yesterday’s plenary by the Speaker of the House of Representatives, Tajudeen Abbas, if approved, the loan will be used to finance part of the budget deficit of N9.7tn in the 2024 budget. […]
Senate to receive supplementary budget July
The Senate has said President Bola Tinubu will send the 2024 Supplementary budget to the legislators for approval after resumption. The Senate spokesperson, Yemi Adaramodu, informed The PUNCH that the N6.6tn supplementary budget, although still being computed by the executive, would be sent to the National Assembly after its July 2 resumption. He said, “The […]
Abdul Ningi resigns as Northern Senators Forum Chairman
Senator Abdul Ningi, who was suspended for three months for alleging that the 2024 budget was padded to the tune of N3 trillion has resigned as Chairman, Northern Senators Forum (NSF). Ningi, in a letter addressed to the Secretary of NSF on Tuesday in Abuja said this is necessitated by the unfolding events in the […]
Senate approves President’s request to sack FCCPC Executive chairman
The Nigerian Senate has approved President Bola Tinubu’s request to sack the Federal Competition and Consumer Protection Commission (FCCPC) Executive Vice-Chairman, Babatunde Irukera. According to a letter read at plenary on Wednesday by President of the Senate, GodsWill Akpabio, the President said Irukera was removed due to his inability to effectively perform the duties of […]
