Senate Approves FG’s Request For $1.5bn, €995m External Loans       The Senate yesterday gave the federal government the nod to borrow a total of $2.7 billion out of the $5.5 billion external borrowing request sent to the National Assembly by President Muhammadu Buhari in May last...

AMCON Seeks Special Tribunal To Recover N5.4trn Debt       The Asset Management Corporation of Nigeria (AMCON) has approached the National Assembly to be accommodated in the provisions of the newly amended Banks and Other Financial Institutions Act, 2020 (BOFIA, 2020), which sets up Special Tribunals for...

Dangote Refinery’ll Strengthen Naira, Save Economy – NASS       The National Assembly (NASS) has said the oil refinery being built by Dangote Group will strengthen the Nigerian currency and prevent economic doom when it comes on stream. The legislature said this on Tuesday during an inspection visit...

2020 Capital Budget: NASS Expresses Worry Over Implementation       The leadership of the National Assembly (NASS) on Monday expressed concern over the low implementation of the 2020 budget despite the three-month extension granted the executive arm of government to implement the capital component of the fiscal...

PIB Passage Will See Changes To Oil Companies’ Taxes - Finance Minister         The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has said the passage of the Petroleum Industry Bill (PIB) currently being considered by the National Assembly will lead to changes to...

How National Assembly ‘Padded’ 2021 Budget With Over N500bn       Before transmitting the 2021 budget to President Muhammadu Buhari, the National Assembly inserted several projects, as well as increased and cut down the budget of some ministries, departments and agencies (MDAs). The 2021 budget proposed by President...