Senate Archives — Page 5 of 6 — City Business News

November 28, 2018 No Responses

Senate Seeks Suspension Of New Tariff On Alcohol

Nigerian Senate on Tuesday urged the Federal Government to put on hold the implementation of the excise tariff increment on alcoholic beverages and tobacco products. The upper chamber said the suspension should be in force until all stakeholders have...

November 14, 2018 No Responses

Senate Affirms Commitment To Passage Of Police Reform Bill

The President of the Senate, Dr Bukola Saraki, has reiterated Senate’s commitment to fast-tracking passage of the Nigerian Police Reform Bill. Saraki gave the assurance in a statement by his Special Assistant on New Media, Mr Olu Onemola, on Tuesday....

November 6, 2018 No Responses

NLNG Dividend: Nigerian Senate Probes Alleged NNPC’s Diversion

The Nigerian Senate will on Tuesday further probe claims by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, on how and why the corporation allegedly diverted the dividends from the Nigerian Liquefied Natur...

October 18, 2018 No Responses

Senate To CBN: Suspend ATM Charges

The Nigerian Senate has urged the Central Bank of Nigeria(CBN) to suspend the Automated Teller Machine(ATM) card maintenance charges pending the outcome of investigation into alleged sharp practices by banks. The senate also resolved to invite the Governor of ...

July 19, 2018 No Responses

Nigerian Senate Probes Ibe Kachikwu

The Nigerian Senate on Wednesday directed its Committee on Petroleum Resources (Upstream) to investigate alleged irregularities in the oil and gas sector lease renewal. The upper chamber explained that the lease renewal being undertaken by the Minister of St...

May 16, 2018 No Responses

Senate Passes Companies And Allied Matters Bill

The Senate on Tuesday passed the Companies and Allied Matters Act (CAMA) 2004 (repeal and re-enactment) Bill 2018. This came after a clause-by-clause consideration and a voice vote on the report of the Committee on Trade and Investments at plenary....

April 23, 2018 No Responses

Saraki Visits Female Sergeant-At-Arms Injured by Senate Invaders

President of the Senate, Bukola Saraki, on Sunday, visited a female Sergeant-At-Arms, Mrs. Sandra Davou – injured on Wednesday as she and her colleagues struggled to stop thugs who invaded the Senate and stole its Mace. A statement by the...

April 19, 2018 No Responses

FG Probes National Assembly Invasion

The Federal Government has expressed shock at the invasion of the National Assembly and the subsequent snatching of the Senate mace by thugs on Wednesday. In a statement issued in Abuja on Wednesday, the Minister of Information and Culture, Alhaji Lai Moham...

February 28, 2018 No Responses

Senate Committee Blames N5b Alleged Revenue Leakage On Zero Duty Vehicles Imported By Assembly Plants

The Senate Committee on Customs, Excise and Tariffs on Wednesday blamed the Nigeria Customs Service (NCS) for granting assembly plant owners zero duty on new imported vehicles. Chairman of the Committee, Sen. Hope Uzodinma, said during its oversight visit ...

August 20, 2017 No Responses

Resumption: Senate bars PenCom, CBB, ICPC bosses

THE Senate has warned nominees into the leadership position of three Federal Government institutions whose names were recently announced not to resume until their nominations are confirmed in accordance with the provision of the Constitution. The nominees affe...

June 9, 2017 No Responses

Senate scraps FERMA

The Senate has passed a bill scrapping the Federal Road Maintenance Agency (FERMA) and replacing it with Federal Roads Authority. The bill, sponsored by Kabiru Gaya (Kano-APC), was read the third time at plenary before it was passed through a...

June 1, 2017 No Responses

Senate Scraps Customs Board

The Senate chamber of Nigeria’s National Assembly on Wednesday scrapped the Governing Board of the Nigerian Customs Service (NCS), replacing it with the establishment of the Nigerian Customs Commission. The development follows a clause by clause considera...

May 31, 2017 No Responses

Petroleum ministry under scrutiny as Senate halts concession of Port Harcourt Refinery to AGIP, OANDO

Citing alleged irregularities, the Senate on Tuesday asked the Ministry of Petroleum Resources to halt all transactions relating to the proposed concession of the Port Harcourt refinery to Agip and Oando. The lawmakers who are questioning the rationale behin...

May 26, 2017 No Responses

Labour to Senate: Pass other aspects of PIB

By Comrade Hyginus Chika Onuegbu – We commend the 8th Senate led by Senate President Senator Bukola Saraki and its Joint Committee on the Petroleum Industry Governance Bill (PIGB) led by Senator Tayo Alasoadura for the passage of the...