The Senate has passed for second reading a bill that seeks to provide a comprehensive legal framework for the regulation and supervision of all manner of insurance businesses in Nigeria. The Nigeria Insurance Industry Reform Bill, 2024 sponsored by the…
…Seeks to tax FX gains by banks in proposed amendment to finance act By Seun Ibiyemi President Bola Tinubu on Wednesday forwarded to the Senate for consideration and approval a request for the injection of N6.2 trillion into the N27.5…
The Senate has urged the Federal Capital Development Authority (FCDA) and Abuja Municipal Area Council (AMAC) to offer the Karu Market shops when rebuilt to the victims at a subsidised and affordable rate. This, the upper chamber said was in…
The Senate has called for improved budgetary provision for the Securities and Exchange Commission (SEC). The upper chamber said that the N22.40 billion for the commission’s 2024 budget was inadequate given the important role the commission plays in the nation’s prosperity. The Chairman…
The Senate has asked the Federal Government to halt the winding down of the National Film and Video Census Board (NFVCB), citing a breach of the law. This resolution was reached following a debate on the motion ” Urgent Need…
…Extends probe panel’s deadline by two months The Senate has approved an additional two months for the Ad-hoc Committee investigating the N30 trillion Ways and Means facilities granted to the Federal Government by the Central Bank of Nigeria (CBN) between…
The Senate hon Thursday sought the inclusion of the Mambila Hydroelectric Power Project in the Renewed Hope funding. It equally urged its committee on Finance and Appropriation to liaise with the Ministry of Finance to ensure the funding of the…
The Senate has confirmed Abdullahi Bello as the chairman of the Code of Conduct Bureau. Bello’s confirmation followed a report submitted by the chairman, Senate Committee on Ethics and Public Petitions, Neda Imasuen. Imasuen said the committee did not receive…
The Senate, on Thursday, said there was no request from the Presidency to approve the purchase of a Presidential aircraft. Senate Leader, Opeyemi Bamidele, during plenary, dismissed speculations that the Upper Chamber was debating approval of a Presidential aircraft in…
The Senate is set to resume the plenary on Thursday as opposed to its early proposed July 2 resumption. The Senate had on Tuesday, June 11, adjourned the plenary to resume on Tuesday, July 2. The announcement of the early…
