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Qatar loads first LNG cargo after force majeure

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Qatar loads first LNG cargo after force majeure declaration

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Tag: Senate

Aviation

Senate laments Nigeria’s aviation safety over safety breaches

The Nigerian Senate has raised alarm over rising safety concerns in the nation’s aviation industry, following a recent Air Peace incident at Port Harcourt International Airport. It was earlier reported that the aircraft veered off the runway after landing on Sunday, July 13. A preliminary report by the Nigerian Safety Investigation Bureau later revealed that […]

Finance

Senate suspends 2026 budget review pending performance reports

The consideration of Nigeria’s 2026 budget presentation faces uncertainty, as the Senate has suspended review of new fiscal proposals pending a detailed account from the Executive on the performance of the 2024 and 2025 budgets. This decision was issued yesterday by the Senate Committee on Finance, which directed top managers of the economy to submit […]

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Senate begs FCT doctors to suspend strike, vows intervention

The Senate Committee on FCT Area Councils and Ancillary Matters has appealed to the National Association of Resident Doctors, FCT chapter, to suspend their ongoing strike. The committee, led by Senator David Jimkuta, held an emergency meeting with the striking doctors and assured them that their grievances would receive urgent attention. Senator Jimkuta disclosed that […]

Finance

Senator urges CBN to extend loan forbearance deadline

The Chairman, Senate Committee on Capital Market and Institutions, Senator Osita Izunaso, has urged the Central Bank of Nigeria to reconsider the June 2025 deadline for banks to end loan forbearance, proposing March 2025 as a more realistic timeline. Izunaso, who made the call at the 18th Annual Banking and Finance Conference of the Chartered […]

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

Senate, SIBAN partner on legal framework for digital assets

Nigeria has moved a step closer to formalising cryptocurrency regulation as the Senate announced a partnership with the Stakeholders in Blockchain Association of Nigeria to develop a legal framework for digital assets and blockchain operations. The collaboration was disclosed on Thursday during an interactive session between the Senate Committee on Capital Market, chaired by Senator […]

Senate approves Yuguda, Cardoso, others as MPC members
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Senate warns against rising airline-passenger clashes

The Chairman of the Senate Committee on Aviation, Buhari Abdulfatai, has raised concern over recent altercations between airlines and passengers in Nigeria, warning that the incidents call into question operational standards, passenger rights, and discipline in the sector. In a statement on Wednesday, Abdulfatai said the situation demands “immediate and coordinated action to safeguard the […]

FG loses N335m to oil spillage - Report
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Hold IOCs accountable for N’Delta pollution, group urges Senate

The Human and Environmental Development Agenda has called on the Senate to compel international oil companies to clean up decades of environmental damage in the Niger Delta. In a statement on Wednesday signed by its chairman, Olanrewaju Suraju, HEDA urged lawmakers to move beyond oil theft investigations and address what it described as “decades of […]

News

Senate approves Tinubu’s borrowing plan to tackle infrastructure, pension gaps

The Senate on Tuesday approved President Bola Tinubu’s borrowing plan for the 2025–2026 fiscal period in an effort to address Nigeria’s infrastructure shortfall and pension backlog The plan features external loans totaling $21.5 billion, €2.2 billion, and 15 billion Japanese Yen, alongside a €65 million grant. Also approved was a N757.98 billion domestic bond issuance […]

US senate approves $9bn cuts to foreign aid
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US senate approves $9bn cuts to foreign aid

The United States Senate has approved a controversial $9 billion spending cut package proposed by President Donald Trump, targeting foreign aid and public media funding. The vote, which passed narrowly at 51-48 early Thursday morning, reflects growing Republican momentum behind deep budget reductions inspired by the now-defunct Department of Government Efficiency, formerly led by Elon […]

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

NASS inflated 2025 budget with 11,122 ‘ghost’ projects — BudgIT

Civic tech organization BudgIT has accused the National Assembly of inserting 11,122 questionable projects worth N6.93 trillion into the 2025 federal budget, describing the move as part of a “deeply entrenched culture of exploitation and abuse” within Nigeria’s budgeting process. The allegations were made public in a statement posted on BudgIT’s official X (formerly Twitter) […]

News

Senate passes remaining tax reform bills

The Senate on Thursday passed the remaining tax reform bills after completing the clause-by-clause review of the Nigeria Tax Administration Bill and the Nigeria Tax Bill. This followed the previous day’s passage of two key tax reform bills: the Nigeria Revenue Service (Establishment) Bill, 2025, and the Nigeria Tax Administration Bill, 2025. Additionally, the Red […]

News

Nigeria needs budget reforms to sustain economic momentum — Musa

Senator Mohammed Sani Musa, Chairman of Nigeria’s Senate Committee on Finance, has urged swift budgetary reforms to tackle Nigeria’s pressing social and economic challenges. Speaking on the sidelines of the Investors’ Forum during the World Bank and IMF Spring Meetings, Musa emphasized the need for a fiscal overhaul to address the nation’s evolving needs. Representing […]

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