Turaki A. Hassan
15 December 2011
Lawmakers in the House of Representatives yesterday instituted an investigation into continuous loss incurred on the Nigeria Stock Exchange (NSE).
The decision was reached after the legislators adopted a motion by Rep Herman Hembe (PDP, Benue) and directed its committee on Capital Market and Institutions to carry out a thorough investigation to identify latent and manifest problems bedeviling the sector.
Similarly, the House also directed its committee on petroleum to investigate the emerging queue at filing stations especially in Abuja and report back to the House within one week.
A motion by Rep Bashir Babale expressed worry that any scarcity of petroleum products at this time was likely to cause much discomfort to Nigerians especially those preparing to travel for the yuletide.
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