The House of Representatives on Thursday passed through second reading a bill which seeks to approve the sum of N10.509,654,033,053 for the year 2020 as against the initial appropriation of N10.594,362,364,830 passed by both chambers and signed into law by President Muhammadu Buhari.
After robust debate on the bill during which some lawmakers called for upward review of the $25 per barrel oil benchmark proposed in the revised Appropriation bill to $28 per barrel, the bill passed through second reading and referred to the Joint Committees on Appropriation; Finance, Aids, Loans and Debt Management for further legislative action.
What Passengers Should Expect Upon Flight Resumption —FAAN
AHEAD of resumption of flights at various airports across the country, the Federal Airports Authority of Nigeria (FAAN) has announced that it has put arrangements in place regarding passenger facilitation and what to expect. Speaking during an aviation webinar organised by Women in Aviation (WIA), Nigeria, with… Read full story
May 29: Buhari Betrayed Underprivileged Nigerians ― PDP
The opposition People’s Democratic Party (PDP) has said that President Muhammadu Buhari-led administration has deserted, betrayed and abandoned underprivileged Nigerians. According to the Party, the President should note that the level of despondency he has bequeathed the nation in the last five years of his… Read full story
CBN Reduces Interest Rates On Microfinance, Mortgage Bank Facilities From 9% To 5%
Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs) from 9 per cent to 5 per cent per annum for one year effective March 1, 2020. This is part of efforts to mitigate the impact of the coronavirus on households… Read full story
Why Amotekun Will Fail In 5 States ― Alao-Akala
Former Governor of Oyo State, Chief Adebayo Alao-Akala, on Wednesday said the joint security network code-named Amotekun recently launched by the South-West governors would fail in five states. He said the appointment of retired military officers as directors-general of Amotekun corps in those states except… Read full story
‘Infant Formulas On Sale In Nigeria, High In Arsenic, Toxic Substance’
INFANT formulas sold in Nigeria are useful alternatives to breast milk in many circumstances but may pose health risks to infants and children due to contamination by potentially toxic metals, a study has said. In the study published in the 2020 Sultan Qaboos University Medical Journal, scientists tested different brands of … Read full story
Lagos Announces Plan To Replace Okada, Tricycle By July
Lagos State government has announced plans to replace banned Okada and tricycle with First Mile and Last Mile (FMLM) mobility solution. The transportation commissioner, Frederick Oladeinde made this known at the 2020 ministerial press briefing held in Lagos… bill bill bill bill Read full story