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Condom prices may rise amid Iran supply disruptions —

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CBN warns Nigerians against fraudulent messages, online scams

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No region has 50% access to healthcare equipment — Report

Stakeholders launch health insurance programme for vulnerable Nigerians

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Crude oil surge boosts Nigeria’s revenue by $4 billion

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Tag: Senate

Policy and Regulations

Senate moves to modernise Nigeria’s investment management framework

The Senate of Nigeria has taken a significant legislative step toward establishing a modern, transparent, and professionally driven framework for the Ministry of Finance Incorporated. Specifically, the Upper Chamber approved the second reading of “a bill for an act to repeal the MOFI Act and re-enact the MOFI 2025 Act,” which was sponsored by Senator […]

Senate approves Yuguda, Cardoso, others as MPC members
Business

Senate probes stamp duty funds nationwide

The Senate has launched an investigation into the collection and use of stamp duty revenues nationwide, a move lawmakers say is aimed at enhancing fiscal transparency and curbing revenue leakages. Speaking at a media briefing, Chairman of the Senate Public Accounts Committee, Senator Aliyu Wadada, said the probe seeks to uncover how stamp duty revenues […]

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Senate approves Tinubu’s N1.15trn domestic loan for 2025 deficit

The Senate has approved President Bola Tinubu’s request to borrow an additional N1.15 trillion from the domestic debt market to finance the 2025 budget deficit. This approval was granted on Wednesday after the presentation and deliberation of the Report of the Committee on Local and Foreign Debts Borrowing Programme to Fund the 2025 Budget Deficit, […]

NASS inflated 2025 budget with 11,122 'ghost' projects — BudgIT
Helth

Senate pledges timely funding for nationwide immunisation efforts

The Senate Committee on Health has reaffirmed its unwavering commitment to bolstering immunisation efforts across Nigeria, specifically pledging to ensure the timely release of funds necessary to support frontline workers and enhance vaccination drives nationwide. This commitment was made by the committee’s Chairman, Dr. Ipalibo Harry-Barigo, on Monday during an outreach and sensitisation exercise held […]

United States Flag attached to a building
Economy

US Senate to end 40-day FG shutdown

The United States Senate appeared close to advancing a measure on Sunday designed to reopen the federal government, as a 40-day shutdown continued to sideline workers, disrupt food aid, and strain the nation’s air travel system. Senators were expected to vote late Sunday on beginning debate on a House-passed bill. This bill would be amended […]

Senate approves Yuguda, Cardoso, others as MPC members
Aviation

Senate clears Air Peace of wrongdoings in P’Harcourt runway incident

The Senate on Thursday cleared Nigeria’s largest airline, Air Peace, of any wrongdoing in the July 13 runway overrun at Port Harcourt International Airport, stating that allegations of drug and alcohol use by its pilots were based on “inconsistent and uncoordinated” findings by the Nigerian Safety Investigation Bureau. The Senate’s resolution followed an investigative hearing […]

Food

Senate plans tougher laws against chemical fruit ripening, adulteration

The Senate has announced plans to amend existing laws to introduce tougher punishments for individuals found guilty of artificially ripening fruits with harmful chemicals instead of allowing natural ripening. The decision followed the adoption of a report by the Joint Senate Committees on Health (Secondary and Tertiary) and Agricultural Services, Productive and Rural Development, chaired […]

featured Policy and Regulations

Senate greenlights bill for Nigeria’s transition to electric vehicles

A Bill seeking to provide a comprehensive framework for Nigeria’s transition to electric vehicles and green mobility has scaled second reading in the Senate. The Bill aims to position Nigeria to benefit from the global shift toward green transportation by encouraging investment, innovation, and industrial growth in the electric vehicle sector. It also seeks to […]

Cut corporate tax to 7.5%, NACCIMA urges Tinubu
Finance

Tinubu seeks senate approval to borrow ₦1.15trn domestically

President Bola Tinubu has written to the Senate seeking approval for a fresh ₦1.15 trillion borrowing from the domestic debt market to finance the deficit in the 2025 budget. The request was contained in a letter read on Tuesday by Senate President Godswill Akpabio during plenary. According to the President, the proposed borrowing is aimed […]

RMAFC unveils revenue collection software
Appointments featured

Senate confirms six commissioners for RMAFC

The Senate, on Tuesday, confirmed the appointment of six persons nominated as Commissioners for the Revenue Mobilisation, Allocation and Fiscal Commission. This confirmation followed the presentation and consideration of the report of the Senate Committee on National Planning and Economic Affairs during plenary. The Chairman of the committee, Senator Yahaya Abdullahi, who presented the report, […]

News

OPSN rejects Senate’s proposed NSITF amendment Act

The Organised Private Sector of Nigeria has rejected the proposed amendment to the Nigeria Social Insurance Trust Fund Act, describing the move by the Senate as a dangerous attempt to hijack and politicise the management of workers’ social protection funds. The OPSN, which comprises the Manufacturers Association of Nigeria, the Nigeria Association of Chambers of […]

Oil and Gas

Senate to investigate refinery operations, labour disputes

The Senate has resolved to conduct a comprehensive investigative hearing into the challenges currently facing Nigeria’s downstream petroleum sector, with a firm commitment to finding lasting solutions. This decision follows growing concerns over the operations of both private and government-owned refineries, the activities of independent marketers, and ongoing disputes involving key labor unions—the Petroleum and […]

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