By Matthew Denis More troubles as the Nigerian Senate on Tuesday has said to initiate a formal inquiry into 30 Ministries, Departments, and Agencies (MDAs) that have failed to comply with the Senate Committee on Public Accounts. It has been…
…Says executive arm responsible for contract awards …Describes OBJ’s claims as ‘uncharitable and satanic’ By Sodiq Adelakun The Senate has denied allegations made by former President Olusegun Obasanjo that lawmakers determine their own salaries and receive special fiscal packages from…
The Senate has raised concern over 1.5 billion dollars approved in 2021 for the turn-around maintenance of the Port Harcourt Refinery with little or no result. Sen. Opeyemi Bamidele, Chairman, Senate Ad Hoc Committee to Investigate the Alleged Economic Sabotage…
The Nigerian Senate and the House of Representatives on Wednesday passed a bill to increase the percentage of Ways and Means loans the Central Bank of Nigeria (CBN) can give to the Federal Government. The upper chamber of the Nigerian…
By Matthew Denis The Senate on Wednesday, July 31, re-allocated another office to former Chief Whip, Senator Mohammed Ali Ndume, on the 4th Floor of the Senate New Wing. Ndume, who was recently removed as chief whip had on Tuesday,…
By Esther Agbo The Senate Committee on Capital Market, alongside the Security and Exchange Commission (SEC) and other stakeholders, convened a public hearing during the week to tackle the persistent issue of unclaimed dividends in Nigeria. The discussions culminated in…
…As Tinubu signs N70,000 minimum wage bill into law …Ends months of deliberations with Labour The Nigerian Senate will pass an additional budget of N6.2 trillion aimed at funding the implementation of the new minimum wage across various sectors. This…
…Windfall tax on FX gains will significantly reduce banks’ loan credit, profits – Moody’s The Nigerian Senate has approved an amendment to the 2023 Finance Act, raising the windfall levy on banks’ foreign exchange revaluation gains from the initially proposed…
In a bid to tackle saboteurs in the petroleum sector, the Nigerian Senate on Monday inaugurated the Ad-hoc committee to investigate the alleged economic sabotage in the petroleum sector. Senate President, Godswill Obot Akpabio while reading riot act to saboteurs,…
The Senate has rejected a bill seeking to establish the National Road Transport Council in Nigeria. The bill sought to establish an agency that will be saddled with the responsibility of regulating the road transport and the transportation profession in…
