Senate Archives — City Business News

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...

January 24, 2023 No Responses

Buhari Seeks Senate’s Confirmation Of Ex-I-G Arase As Chairman PSC

President Muhammadu Buhari has written the Senate seeking the confirmation of the appointment of former Inspector-General (I-G) of Police Solomon Arase (retd), as Chairman, Police Service Commission (PSC). The request is contained in a letter addressed t...

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...

June 23, 2022 No Responses

Senate Probes Shell, Seeks Refund Of $200m To FG

The Senate, on Wednesday at plenary constituted an Ad Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and violation of the Joint Venture Agreement entered with the Federal Government. The Ad...

May 25, 2022 No Responses

Ngwu Replaces Ekweremadu As Ugwuanyi, Nnamani Secure PDP Senatorial Tickets In Enugu

Governor Ifeanyi Ugwuanyi of Enugu State and Sen. Chimaroke Nnamani have secured the Senatorial District primary election of the Peoples Democratic Party (PDP) held in the state on Tuesday. Ugwuanyi scored 299 valid votes cast to defeat three ...

April 5, 2022 No Responses

Senate Extends 2021 Budget Implementation To May 31

The Senate has extended the implementation of 2021 budget from March 31 to May 31.This followed the consideration of a bill to Amend the 2021 Appropriation Act. The Senate before considering the bill suspended Rule 78(1) of the Senate Standing...