A former Governor of the Central Bank of Nigeria, Dr. Paul Ogwuma, has cautioned the National Assembly against diminishing the autonomy of the bank saying such a move is capable of introducing “partisan political consideration into monetary policy making.†Ogwuma, who was the governor, CBN, between 1993 and 1999, pointed […]
Tag: National Assembly
Nigerian parliament passes 2013 budget, inflates spending
Nigeria’s national assembly on Thursday passed a 4.987 trillion naira ($31.6 billion) 2013 budget, inflating proposed spending put forward by President Goodluck Jonathan and reducing the amount of oil money put into savings. Jonathan had sent the national assembly a 4.92 trillion naira budget proposal in October. He will need […]
Reps order Oteh’s delegation out of revenue meeting
In a move to enforce its resolution on the Securities and Exchange Commission, the House of Representatives on Tuesday walked out officials of the agency from a meeting at the National Assembly. The three-man SEC delegation had gone to represent the Director-General of the commission, Ms. Arunma Oteh, at an […]
