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Tag: Senate

Senate ask CBN to extend deadline of new naira note
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Senate ask CBN to extend deadline of new naira note

Juliet Buna   The Senate has once again asked the Central Bank of Nigeria to extend the deadline for the stoppage of the use of old naira notes from January 31 till July 31, 2023. According to Channels TV, The lawmakers also lamented the hardship the policy is causing Nigerians as they said there are […]

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

New naira: Extend deadline, Senate urges CBN

The Senate has urged the Central Bank of Nigeria to extend the deadline for withdrawal of old Naira notes from the economy, fixed for January 31, 2023, to June 30, 2023.   CBN had announced in November that the old naira notes of N1,000, N500 and N200 denominations would be withdrawn from circulation by January […]

NASS inflated 2025 budget with 11,122 'ghost' projects — BudgIT
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   Daily Trust reported that the operating licence was revoked in 2020 by the defunct Department of Petroleum Resources and re-awarded to another oil firm, Halkin Exploration and Production […]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 […]

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