Tag: Senate

Senate passes amended finance act, increases bank windfall levy
Oil and Gas

Senate kicks as NUPRC revoke oil field from Bayelsa

The upper chamber of the National Assembly has ordered the Nigerian Upstream Petroleum Regulatory Commission to reverse the Atala marginal oil field license revoked from Bayelsa.   Daily Trust reported that the operating licence was revoked in 2020 by the defunct Department of Petroleum Resources and re-awarded to another oil firm, Halkin Exploration and Production […]

News

Senate approves business facilitation bill

The Senate on Tuesday, passed the Business Facilitation (Miscellaneous Provision) Bill 2022, also known as the Omnibus Bill. According to The Vanguard, this was after its earlier passage by the House of Representatives. This was disclosed by the Special Adviser to the President, Ease of Doing Business/PEBEC Secretary, Dr Jumoke Oduwole. According to him, the […]

News

Adjust cash withdrawal limit, Senate urges CBN

  In response to public outcry over its proposed weekly withdrawal on cashless policy, the Senate has urged the Central Bank of Nigeria to significantly adjust withdrawal limits. According to The News Agency of Nigeria, the Senate passed its resolution after the Committee on Banking, Insurance, and Other Financial Matters adopted its recommendations regarding the […]