IN a move to restore confidence in the Naira and reinforce its dominance, a Bill to prohibit the use of foreign currencies for payments and transactions within Nigeria passed First Reading on the floor of the Red Chamber on…
THE Senate has passed the 2014 Nigerian Insurance Industry Reform Bill, following the adoption of the report by the Committee on Banking, Insurance, and other Financial Institutions. The report was presented by the committee’s chairman, Sen. Abiru Adetokunbo (APC-Lagos),…
THE Senate has passed for second reading, a bill seeking to establish the Federal University of Science and Technology, Okorokorisei in Bayelsa. The institute, if established, will focus on teaching and research in science and technology. This followed the…
NIGERIA’S Senate has passed a bill aimed at tackling the nation’s growing food insecurity crisis by making it a crime to export large quantities of unprocessed corn. This legislative move, revealed by Reuters, comes amid a worsening economic climate, which has…
AS President Bola Tinubu prepares to submit the 2025 Appropriation Bill to the National Assembly, the Senate on Tuesday approved the 2025–2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper. The approval followed a report presented by the Senate’s joint…
THE 10th Senate led by Godswill Akpabio has commenced debate on the Tax Reform Bills forwarded to it by President Bola Tinubu in October 2024. The lawmakers before the debate had earlier gone into about an hour closed-door session. The Senate…
NIGERIA’s Senate on Thursday explained that it passed a bill to empower the Revenue Allocation and Fiscal to reflect emerging economic realities. The proposed legislation, known as the Revenue Mobilisation, Allocation, and Fiscal Commission Bill, 2024, is expected to replace…
THE Senate has confirmed the appointment of Ms Omolola Oloworaran as the Director-General (D-G) of the National Pension Commission (PenCom). This is contained in a statement issued on Thursday by the Head, PenCom, Corporate Communications, Mr Ibrahim Buwai in Abuja.…
THE Nigerian Senate has confirmed all the seven nominees whose names were forwarded by President Bola Tinubu after reshuffling the cabinet last week. The confirmation followed Tinubu’s request to the upper legislative chamber, which was presented by the Senate Leader,…
THE Senate on Thursday at plenary passed a bill seeking to establish the South West Development Commission. The passage of the bill followed the adoption of the report of the Committee on Special Duties presented by the Chairman, Sen. Kaka…
