Senate Grills NBET's Survival on N60m Amidst N858bn Budget   The Senate yesterday queried how the Nigerian Bulk Electricity Trading Plc (NBET) managed to stay afloat in the 2025 fiscal year despite receiving only N60 million out of the N858 billion appropriated for it in the...

Senate Commences Probe of Failing Railway System   The Senate on Thursday launched a comprehensive investigation into operational inefficiencies, insecurity, and alleged financial improprieties in Nigeria’s railway system, amid growing concerns over declining service delivery across key rail corridors. The decision followed a motion raised during plenary...

Senate Lauds CBN's Economic Progress, Urges Continued Stability   The Central Bank of Nigeria (CBN) on Thursday presented a positive outlook for the country’s economy in the second half of 2025 during a statutory briefing to the Senate Committee on Banking, Insurance, and Other Financial Institutions. The...

Senate Grills CBN Governor Over Alleged N1.44trn Unremitted Surplus   The Senate Committee on Banking, Insurance and Other Financial Institutions on Thursday met with the leadership of the Central Bank of Nigeria (CBN) to demand clarification on the alleged non-remittance of N1.44 trillion into the Consolidated...

Senate Demands Full Transparency in Stamp Duty Probe   The Senate has launched a far-reaching investigation into stamp duty collections said to run into trillions of naira, demanding full disclosure from commercial banks, the Central Bank of Nigeria (CBN), the Federal Inland Revenue Service (FIRS), and...

Senate Summons NNPC Boss Over Alleged N210trn Missing Funds   The Senate on Thursday ordered the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) Bayo Ojulari, to appear before its Public Accounts Committee over unresolved financial infractions amounting to N210tn. The lawmakers expressed...