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Reps list naira devaluation losses, ask CBN to halt trend

NASS queries CBN over Naira long-term devaluation leading to lower

The House of Representatives has asked the Central Bank of Nigeria to urgently put in place a policy to check further devaluation of the naira to the United States dollar and other international legal tenders. The House decried that while the Nigerian currency was losing value, others in African were appreciating. At

Naira devaluation may cause inflation, Reps warn CBN

Punch Newspapers Sections Published 9 June 2021 The House of Representatives has asked the Central Bank of Nigeria to urgently put in place a policy to check further devaluation of the naira to the United States dollar and other international legal tenders. The House decried that while the Nigerian currency is losing value, others in Africa are gaining. At the plenary on Wednesday, the House unanimously adopted a motion moved by Deputy Chairman of the Committee on Pensions, Mr Bamidele Salam, which warned the CBN of the implications of further devaluing the naira. READ ALSO: The motion was titled, ‘Matter of Urgent Public Importance on the Need for the Central Bank of Nigeria to Urgently Put in Place Monetary Policies to Stop the Free Fall of the Naira Against the Dollar and Other International Legal Tenders.’

Contributory Pension Scheme: Reps urge FG to prevail on States, LGs for full implementation

Vanguard News Translate Home » News » Contributory Pension Scheme: Reps urge FG to prevail on States, LGs for full implementation Contributory Pension Scheme: Reps urge FG to prevail on States, LGs for full implementation On By Levinus Nwabughiogu-Abuja House of Representatives yesterday called on the Federal Government to, as a matter of urgency, urge States and Local Government Councils to ensure full implementation of the Contributory Pension Scheme ((CPS) in line with the guidelines set out by the National Pension Commission. The call followed a motion titled “Full Implementation of the Contributory Pension Scheme by the Three Tiers of Government and the Private Sector” jointly sponsored by Hon. Julius O. Ihonvbere, Hon. Benjamin Okezie Kalu, Hon. Saidu Mohammed Mustafa and Hon. Abubakar Yahaya Kusada at the plenary.