Bill Archives — City Business News

December 4, 2024 No Responses

Senate Passes Investments, Securities Bill 2024

In a major boost to the operations of the Securities and Exchange Commission(SEC) and the Nigerian capital market, the Senate has passed the Investments and Securities Bill 2024.The Investments and Securities Bill, meant to repeal the Securities and Exchange Commission (SEC) Act,...

October 29, 2024 No Responses

Northern Govs Faults Proposed Tax Reform Bill

The Northern Governors Forum has kicked against the proposed Tax Reform Bill that was forwarded to the National Assembly. It stated that the proposed tax bill is against the interests of the North and other sub-nationals. In a communique read...

October 4, 2024 No Responses

Tinubu Submits Tax Reform Bills To NASS

The Senate has received President Bola Tinubu’s communication seeking consideration and passage of the proposed Fiscal Policy and Tax Reform Bill to align with ongoing financial reforms of the Federal Government and enhance efficiency in tax compliance. The ...

July 3, 2024 No Responses

Bill To Repeal NIMC Act Passes Second Reading

A bill to repeal the National Identity Management Commission (NIMC) Act 2007 has passed the second reading in the Senate. The bill provides for the establishment of a National Identity Database, and the NIMC is charged with the responsibilities for...

October 13, 2023 No Responses

NIMASA Act Amendment Bill Passes First Reading

The bill to amend the Nigerian Maritime Administration and Safety Agency NIMASA Act has passed the first reading on the Floor of the Nigerian Senate. Chairman Senate Committee on Marine Transport, Senator Wasiu Sanni Eshinlokun, who announced this during...

June 30, 2023 No Responses

Catholic Bishops Reject National Council For Christian Education Bill

The Catholic Bishops Conference of Nigeria (CBCN) has rejected a bill seeking to establish National Council of Christian Education, pointing out that the proposal violates sections 10 and 42(3) of the Constitution of the Federal Republic of Nigeria, 1999. Rath...

March 30, 2023 No Responses

Capital Market Gets Major Boost As Senate Passes Investments Bill

The nation’s capital market received a major boost Wednesday as the Senate of the Federal Republic of Nigeria passed into law, the Investments and Securities Bill 2023. The Bill which is expected to aid the functioning of the capital market and...

December 29, 2022 No Responses

Senate Passes N21.8tri 2023 Budget

The Senate on Wednesday, passed the N21.8 trillion 2023 budget.This followed the adoption of the report of the Senate Committee on Appropriation at plenary.Presenting the report, the Chairman of the Committee, Sen. Jibrin Barau said that the commitee did a...

September 28, 2022 No Responses

Senate Passes Bill To Amend CBN Act For Second Reading

The Senate on Tuesday at plenary passed for second reading, a bill to amend the Central Bank of Nigeria (CBN) Act. Leading debate on the general principles of the bill, its sponsor, Sen. Sadiq Umar (APC-Kwara), said the bill was...

July 27, 2022 No Responses

Reps Amend CBN Act To Stop Governor From Partisan Politics

The House of Representatives has passed a bill after the second reading to stop the Governor of the Central Bank of Nigeria (CBN) from participating in future elections in the country. Rep. Sada Soli, the sponsor of the Bill at...

March 17, 2022 No Responses

FEC Approves Bill To Repeal CCB, CCT Act

The Federal Executive Council(FEC) has approved a bill seeking the repeal of the Code of Conduct Bureau(CCB) and Code of Conduct Tribunal(CCT) Act. Abubakar Malami, Attorney-General of the Federation and Minister of Justice, briefed State House cor...