Senate Archives — City Business News

February 19, 2025 No Responses

Senate Corrects Errors In 2025 Appropriations Bill

The Senate has identified and corrected errors in the 2025 Appropriations Bill, which was passed by both the Senate and the House of Representatives last Thursday. The discrepancies were discovered during the final cleaning and realignment process by the Joint...

February 7, 2025 No Responses

Senate Probes Oil Spill In Rivers

The Senate has directed an urgent investigation into the cause of a recent fire outbreak and oil spill from Manifold Well 8/ Bug 008 in OML 18, Buguma area of Rivers State. This followed a motion raised by Senator Harry...

January 24, 2025 No Responses

Senate Rejects Securities Tribunal’s 2025 Budget

The Senate Committee on Capital Market has rejected the 2025 budget proposal of the Investments and Securities Tribunal (IST) owing to discrepancies and errors in the figures and items presented. The decision was made on Thursday during the tribunal’s budget...

January 15, 2025 No Responses

Senate Rejects ₦8.9bn 2025 Budget For Information Ministry

The Senate Committee on Information and National Orientation has rejected the ₦8.9 billion allocation in the 2025 budget proposal to the Federal Ministry of Information and National Orientation, describing it as inadequate. The Chairman of the Committee, Sen...

December 13, 2024 No Responses

Senate Probes FCT Demolitions

The Senate on Thursday raised an investigative committee to probe recent demolitions in the Federal Capital Territory (FCT). The committee will also invite the FCT Minister, Nyesom Wike, to appear before it to explain the reasons behind the demolitions, ...

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 Exch...

November 28, 2024 No Responses

Reps Pass 2025-2027 Medium-Term Framework

The House of Representatives has passed the Medium-Term Expenditure Framework & Fiscal Strategy Paper for 2025-2027. In passing the MTEF, the Committees on Finance, Petroleum Upstream, and Petroleum Downstream were tasked to investigate reports from t...

November 27, 2024 No Responses

Senate Committee To Facilitate Concession Agreement Renewal

As part of its oversight function of monitoring the performances of concessioned firms, the Senate Committee on Privatisation, led by Senator Sunday Marshall Katung, has expressed the committee’s readiness to facilitate a faster renewal of Ports and Carg...

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.....