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Tag: Senate

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 […]

Helth

Senate passes bill to boost healthcare fund for second reading

The Senate has taken a major step toward strengthening Nigeria’s primary healthcare system after it passed for second reading a bill seeking to increase the Basic Health Care Provision Fund from one per cent to two per cent of the Consolidated Revenue Fund of the Federal Government. The proposed legislation, titled “A Bill for an […]

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 […]

featured Helth

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
News

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
News

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 […]

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