Senate Archives — Page 3 of 6 — City Business News

December 22, 2020 No Responses

Senate Passes N453.2b NDDC 2020 Budget

The Senate has passed the 2020 N453.2 billion budget for Niger Delta Development Commission (NDDC). This followed the adoption of the report of the Senate Committee on Niger Delta during plenary on Monday.Presenting the report, Sen. Bulus Amos,Vice Chairman of...

August 27, 2020 No Responses

Senate Tasks Accountant General On Payment Of $18b Dividend To NNPC

The Joint Senate Committee on Finance and National Planning has asked the Office of Account General of the Federation (OAGF) to investigate the payment of 18 billion dollars by Nigerian Liquefied Natural Gas (NLNG) to the Nigerian National Petroleum Corporatio...

August 21, 2020 No Responses

Senate Queries DPR Over N44.5b Remittance, N2.4trillion Revenue

Representatives of Department of Petroleum Resources (DPR) were queried by the Senate on Friday for remitting only N44. 5 billion into the Consolidated Revenue Fund in 2019 out of N2.4 trillion generated. This is as heads of many of...

June 22, 2020 No Responses

Buhari Meets Senate President On Insecurity, APC Crisis

President Muhammadu Buhari on Sunday in Abuja met with Senate President Ahmad Lawan. They deliberated on the nation’s security situation as well as the crisis in the ruling party, All Progressives Congress (APC). Speaking to State House correspondents after ...

June 11, 2020 No Responses

Senate Confirms Lamido Yuguda As New SEC DG

President of the Senate, Ahmad Lawan, has tasked the Securities and Exchange Commission (SEC) to ensure efficiency in the discharge of its duties so as to attract local and foreign investments to the country. The Senate President gave the charge...

March 2, 2020 No Responses

Senate To Facilitate Return Of SON To Seaports

The Senate Committee on Industries has restated its commitment to return the Standards Organisation of Nigeria (SON) officials to the nation’s seaports. The Chairman, Senate Committee on Industries, Sen. Bayo Osinowo, in a statement expressed displeasure at ...

February 5, 2020 No Responses

2020: Senate Passes N238.15b Budget For Customs

The Senate on Tuesday approved the sum of Two hundred and thirty-eight billion, One hundred and forty-nine million, Three hundred and Twenty-five thousand, Eight hundred and thirty-two Naira Seventy kobo (N238,149,325,832.70) for the Nigeria Customs Service fo...

January 30, 2020 No Responses

Senate To Buhari: Declare National Security Emergency

The Senate has urged President Muhammadu Buhari to as a matter of urgency declare a National Security Emergency to address the escalating challenges of insecurity faced by the country. The call was made moments before the upper chamber adjourned plenary...

December 19, 2019 No Responses

Senate Confirms Nami, 13 Others As FIRS Board Members

The Senate on Wednesday confirmed the nomination of Muhammad Nami as the Executive Chairman, Federal Inland Revenue Services (FIRS) and 13 others as board members. The confirmation of followed a report of the Committee on Finance and consideration of same...

December 11, 2019 No Responses

Senate Probes N20trn Unremitted Stamp Duties From Banks, Financial Institutions

The Senate has mandated its Committee on Finance to investigate the non-remittance of over N20 trillion into the Federation Account by Central Bank of Nigeria, an amount collected as stamp duties from Banks and Financial Institutions in the country. The....

December 5, 2019 No Responses

Senate Summons NIMASA DG Over N263.89b Security Contract

The Senate Joint Committee on Navy, Marine Transport and Finance on Wednesday, asked the Director-General, Nigeria Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside, to appear before it unfailingly on Thursday. The committee is investigating...

November 27, 2019 No Responses

Senate Seeks Speedy Completion Of Ajaokuta-Otukpo Rail Line

The Nigerian Senate has urged the Federal Ministry of Transportation to immediately take steps to ensure completion of the construction of the Ajaokuta-Otukpo rail line. The upper chamber also advised the Ministry to incorporate construction of siding ra...

November 27, 2019 No Responses

Senate To Ministry: Upgrade Ibadan Airport To International

The Nigerian Senate on Tuesday urged the Federal Ministry of Aviation and relevant authorities to upgrade the Ibadan domestic Airport to the status of an International Airport. The call was made sequel to the consideration of a motion sponsored by...

October 16, 2019 No Responses

Senate Probes PPRA Over Alleged Non Remittance Of 5% Pump Price Commission To FERMA

The Senate has directed its committees on Petroleum Downstream and National Planning to investigate within two weeks why the Petroleum Pricing Regulatory Agency (PPRA) failed to remit five per cent commission it charged on every litre of fuel to FERMA...