The Senate, on Wednesday, passed the Investment and Security repeal and re-enactment Bill, 2024. The News Agency of Nigeria (NAN) reports that the passage of the bill followed the adoption of report of Committee on Capital Market at plenary. NAN also reports that the report was presented by Chairman...
Senate
The Senate has passed for second reading fours bills designed to reform Nigeria’s tax system. This followed the presentation of the general principles of the bills by the Senate Leader, Opeyemi Bamidele (APC-Ekiti), during plenary on Thursday. The four bills, which were first read on Oct. 30, are:o Joint...
Senator Ali Ndume has reiterated his opposition to the tax reform bills, saying that the hurry by the Presidency and some lawmakers to pass the bills looks suspicious. The tax reform bills which passed for second reading at the Senate on Thursday have raised a lot of controversies since...
The Senate, on Thursday, resumed its debate on the Tax Reform Bills. The bills are a set of four legislative proposals to increase Value-Added Tax (VAT) distributable to the sub national governments to 55 per cent while reducing the federal government’s share to 10 per cent. These far-reaching initiatives...
The Senate, on Wednesday, screened the acting Chief of Army Staff (COAS), Lt.-Gen. Olufemi Oluyede, behind closed doors. Chairman of the Senate Committee on Army, Sen. Abdulaziz Yar’adua, before the screening, recalled that the senate, had, at its sitting on Tuesday, read President Bola Tinubu’s request urging them to...
President Bola Tinubu has urged the Senate to consider and confirm the nomination of the Acting Chief of Army Staff (COAS), Lt.-Gen. Olufemi Oluyede, for appointment as the substantive COAS. Tinubu’s letter of request was read on Tuesday at the plenary by the Senate President, Godswill Akpabio. He had...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the Nigerian government needs more borrowings to fund its budget even though some Ministries, Departments and Agencies have surpassed their revenue target. Edun said this during an interactive session of the Senate Joint Committees on...
The Acting Chief of Army Staff (COAS), Lt.-Gen. Olufemi Oluyede, has solicited for more budgetary allocation for the Nigerian Army to enable it to discharge its constitutional responsibilities and provide accommodation for soldiers. Oluyede made the appeal when he received the Senate Committee on Army led by Sen. Abdulaziz...
The Senate’s bid to remove the CCT Chairman has been deemed a fundamental error, rooted in a flawed understanding of constitutional provisions. At the heart of the issue lies the Senate’s reliance on Section 157 of the Constitution, which actually pertains to the Code of Conduct Bureau (CCB), not...
By JOY ADARA, Abuja – The Senate has confirmed the appointment of Ms Omolola Oloworaran as the Director-General (D-G) of the National Pension Commission (PenCom). This is contained in a statement issued on Thursday by the Head, PenCom, Corporate Communications, Mr Ibrahim Buwai in Abuja. He said that the...
Senate on Thursday at plenary approved the new external borrowing plan request of $2.2billion dollars presented for consideration by President Bola Tinubu. The approval followed adoption of report of Senate Committee on Local and Foreign Debts. The report was presented by the Chairman of the Committee Sen. Aliyu Wammako...
By DAVID IORJA, Abuja – President Bola Tinubu has written to the Senate requesting confirmation of the appointment of Omolola Oloworaran as Director-General, National Pension Commission (PenCom). The request is in a letter to the Senate President, Godswill Akpabio, read on the floor of the Senate during plenary on...
The Nigerian Senate on Tuesday at plenary paid glowing tribute to late Sen. Ifeanyi Ubah, who died on July 26. Ubah, born on Sept 3, 1971, represented Anambra South Senatorial District in the 9th and 10th senate. Ubah, until his death, was a member of the All Progressives Congress...
The Senate Minority Leader, Sen. Abba Moro (PDP/Benue South), says that the People’s Democracy Party (PDP) Senate caucus was yet to take a position on the party’s national chairmanship seat. Moro made the disclosure on Monday in Makurdi while interacting with newsmen shortly after the PDP Benue chapter’s expanded...
The Senate Committee on Defence, says no investment in security and the Armed Forces of Nigeria will be too much for the country to bear. The committee’s Chairman, Sen. Ahmad Lawal, said this while speaking to newsmen after an oversight visit to the Armed Forces Command and Staff College...
By DAVID IORJA, Abuja- President Bola Ahmed Tinubu will swear in the new seven ministers tomorrow Monday. The Special Adviser, Information and Strategy to the President, Bayo Onanuga disclosed this in a statement issued on Sunday in Abuja. The Ministers are: Dr Nentawe Yilwatda – Minister of Humanitarian Affairs...
The Senate has reconstituted its ad hoc committee to investigate alleged economic sabotage in the Nigerian petroleum industry. This is contrary to reports that some stakeholders were working to stop the oil probe. Deputy Senate President, Jibrin Barau, who presided over plenary on Thursday, made the announcement during plenary....
Senate President Godswill Akpabio cautioned Senator Osita Ngwu for praising the beauty of Bianca Odumegwu-Ojukwu during a ministerial screening on the floor of the upper legislative chamber on Wednesday. Bianca, like six other ministerial nominees screened by the Senate, read her credentials before the red chamber and was subsequently...
The Senate on Tuesday at plenary passed a bill to strengthen the capacity of the Nigeria Deposit Insurance Corporation’s(NDIC) to safeguard depositors fund and strengthen financial institutions in Nigeria. This followed adoption of report of Senate Committee on Banking, Insurance and other Financial Institutions on the bill titled, “Nigeria...
The Senate, on Tuesday, postponed screening of seven ministerial nominees forwarded to it last week by President Bola Tinubu. The News Agency of Nigeria (NAN) reports that the postponement of the screening, earlier scheduled for Tuesday, was occasioned by non-completion of documentation by some of the nominees. Citing reasons...