Senate Archives — City Business News

October 29, 2024 No Responses

Senate Begins Screening Of Ministerial Nominees Tuesday

The Senate is set to begin screening of seven ministerial nominees recently announced by President Bola Tinubu on Tuesday This follows the earlier request to the Senate by President Tinubu to confirm the new ministerial nominees. The Special Adviser to...

October 9, 2024 No Responses

Senate T0 FG: Increase Allocation To Varsities In 2025 Budget

As part of measures to tackle problems of Nigerian universities, the Senate has asked the Federal Government to increase budgetary allocation to federal universities in the 2025 budget. The lawmakers also resolved to mandate the relevant committee or sena...

August 8, 2024 No Responses

Economic Sabotage: Count NNPC Out, Says Kyari

The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any of the enabling laws guiding its dealings with partners, hence should be counted out of any claims of economic sabotage.Kyari, who...

July 27, 2024 No Responses

Reps Pass Shipping, Port Economic Regulatory Agency Bill

The House of Representatives has passed the Nigerian Shipping and Port Economic Regulatory Agency Bill. The Executive Secretary, Nigerian Shippers Council (NSC) Pius Akutah disclosed te development on Friday.Declaring the 2024 Operational Retreat or...

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...

March 12, 2024 No Responses

Senate Probes CBN’s Anchor Borrowers, Ways And Means

The Senate on Monday inaugurated an ad-hoc committee to investigate the Ways and Means and the Anchor Borrowers Programme of the Central Bank of Nigeria (CBN). In his inaugural address to the ad-hoc committee chaired by Senator Isah Jibrin representing.....

February 7, 2024 No Responses

Senate Reiterates Commitment To Capital Market-Driven Reforms

September 27, 2023 No Responses

CBN: Cardoso Pledges Compliance

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has promised that his administration would inculcate a culture of compliance into the apex bank by adhering strictly to the CBN Act 2007. “I believe that the Central Bank under...

July 27, 2023 No Responses

Wike, El-Rufai, Umahi, Others Make Ministerial List

President Bola Tinubu through his Chief of Staff, Femi Gbajabiamila, on Thursday presented ministerial list before the Senate. Gbajabiamila presented the list to Senate President Godswill Akpabio at exactly 01:19 pm. Akpabio thereafter read the m...

July 19, 2023 No Responses

Senate Probes NDDC’s N6.5b Shore-Line Contract

The Senate is to investigate the N6.5 billion shoreline protection contract awarded by the Niger Delta Development Commission (NDDC) in Ondo State in 2006. The Senate resolution was on the heels of a motion adopted by the Senator representing Ondo...

June 14, 2023 No Responses

Sanwo-Olu Congratulates Akpabio, Others

The Governor of Lagos State, Babajide Sanwo-Olu, has congratulated the former Minister of Niger Delta and ex-Governor of Akwa Ibom State, Senator Godswill Akpabio, on his election as President of the Senate and Senator Barau Jibrin as the Deputy Sen...

June 11, 2023 No Responses

9th Senate: Ahmad Lawan’s Valedictory Speech

Valedictory Speech by Sen. Ahmad Ibrahim Lawan, PhD, GCON, President of the Senate, at the Valedictory Session of the 9th Senate, Saturday, 10th June, 2023, National Assembly, Nigeria [Protocols] Esteemed colleagues and distinguished guests, Today, I address y...

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...

February 2, 2023 No Responses

FEC Approves N4b For Construction Of Senate Buildings, Radio Antenna

The Federal Executive Council (FEC) has approved about N4 billion for the execution of three projects across the nation. The amount would cover the construction of Senate Buildings in Osun State University, Osogbo, and Federal University, Lokoja, as well...