The Senate has proposed new minimum capital requirements for insurance companies in Nigeria as part of reforms to strengthen the industry and address emerging risks. The legislation, titled the Nigeria Insurance Industry Reform Act, 2024, repeals and replaces several existing…
The Senate special committee liaising with the Federal Government on the controversial tax reform bills and the Attorney-General of the Federation, Lateef Fagbemi, SAN, have yet to meet for the review of the bills. Two weeks ago, the Senate constituted…
…Orders pause on non-court-ordered structures …As Wike vows to continue crackdown The Senate has initiated a probe into the recent demolitions in the Federal Capital Territory (FCT), following a contentious dispute regarding the actions of the Minister of the FCT,…
The Senate has directed Nyesom Wike, the Minister of the Federal Capital Territory (FCT), to suspend demolitions in the nation’s capital, except those authorized by the court. The decision of the upper legislative chamber was sequel to a motion sponsored…
…Invites Governors against bill to participate in public hearings By Seun Ibiyemi Senate President Godswill Akpabio has clarified that the four tax reform bills sent by President Bola Tinubu to the National Assembly have neither been suspended nor withdrawn. Akpabio…
…Grid collapse costs Nigeria N42.5bn – Report …Regulatory gaps, security challenges affect power sector — Chair, Senate C’ttee The Senate on Thursday has declared the privatisation of the power sector a ‘total failure’ and threatened to repeal the policy due…
A bill seeking the creation of a coastal state out of the present Ondo State has scaled through the first reading at the Senate. The bill sponsored by Senator Jimoh Ibrahim representing Ondo South Senatorial District is seeking a constitutional…
By Seun Ibiyemi The Nigerian Senate has suspended action on the tax reform bills and constituted an ad-hoc committee that would engage with the federal government to resolve the contentious areas in the bills before further legislative action. The deputy…
By Matthew Denis In a bid to enhance operations of the Securities and Exchange Commission and the Nigerian capital market, the Senate of the Federal Republic of Nigeria has passed the Investments and Securities Bill 2024. The Investments and Securities…
By Matthew Denis In a bid to enhance operations of the Securities and Exchange Commission and the Nigerian capital market, the Senate of the Federal Republic of Nigeria has passed the Investments and Securities Bill 2024. The Investments and Securities…
