Senators Reject Buhari’s Nominee As PenCom DG       The decision of President Muhammadu Buhari, to seek the Senate approval for the appointment of Aisha Umar, as the Director General of the National Pension Commission, has caused a sharp division among senators. Some senators on Tuesday vehemently protested...

Budget 2021 Will Enhance Revenue Projections, Welfare In Borno     The Borno State Commissioner of Finance, Budget and Economic Planning, Ahmed Lawan, has said the 2021-2023 Midterm Framework has ‘better and higher promises’ for enhanced revenue projections. According to him, the three-year plan also has a better...

Nigeria Loses $29bn Yearly To Power Sector Failure – Lawan   The President of the Senate, Ahmad Lawan, said on Monday that Nigeria was losing an average of $29bn to power sector failure. Lawan stated this in Abuja while declaring open an investigative public hearing on the...

Gencos Oppose Reversing Privatisation, Allege N1trn Debt     Electricity generation companies on Sunday kicked against calls by the Senate for a reversal of the privatisation of the power sector. The Gencos also announced that the indebtedness of the power sector to electricity producers had risen to about...

FG Meets NASS, Raises Debt Service By N225bn   The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday presented a revised 2020 Appropriation Act to the National Assembly and explained why the downward review of the national budget. At the meeting were presiding and...

Senate Okays Buhari’s N850bn Loan Request     Without a voice of dissent, the Senate on Tuesday gave accelerated approval to the request by President Muhammadu Buhari to take a fresh loan of N850 billion from the domestic capital market. The approval came in less than five minutes...