Tag: National Assembly
National Assembly to Prioritize Local Government Election Bill in Upcoming Plenary
As the National Assembly prepares to reconvene for its plenary session next week, a pivotal reform concerning local government elections is set to take center stage. Lawmakers will be deliberating on the Local Government Election Bill, which is expected to introduce significant changes to the way local government elections are conducted across Nigeria. Key discussions…
National Assembly Approves Amendment to Finance Act, Introducing 70% Tax on Banks’ FX Profits
Abuja, Nigeria – In a significant legislative move, the National Assembly has approved an amendment to the Finance Act that imposes a 70% tax on substantial foreign exchange (FX) profits earned by banks in 2023. The decision was finalized on Tuesday during the plenary sessions of both chambers, following the review of the Joint National…
24 Senators in 10th National Assembly Yet to Introduce Any Bills in One Year
Abuja, Nigeria — June 10, 2024 — As the 10th National Assembly approaches its one-year anniversary since inauguration, it has been revealed that 24 out of the 109 senators have not introduced any bills during this period. The Senate, inaugurated on June 13, 2023, has seen the remaining 85 senators sponsor at least one bill…