N13.7trn Federation Account Revenue Unremitted by NNPCL - FAAC   The Nigerian National Petroleum Company Limited (NNPCL) is holding back a massive N13.763 trillion in revenue, creating significant funding challenges for the Federal Government's national budget. This is according to documents obtained from the Federal Accounts Allocation Committee...

2025 Budget: Senate to Suspend Plenary Sessions for Two Weeks   The Senate has announced plans to suspend plenary sessions for two weeks, starting from January 14, when the National Assembly resumes from its holiday break. It explained that this would enable the Appropriation sub-committees of both...

Senate Threatens Non-performing Agencies Over 2025 Budget   The Senate, through its Finance Committee, has issued a stern warning to government agencies, threatening zero allocation in the 2025 budget for those failing to appear before it to account for funds allocated in the 2024 fiscal year. During...

Senate Halts Action on Tax Reform Bills   The Senate has suspended action on the tax reform bills currently before it. It further instructed the Committee on Finance to stay action on the public hearing pending the time the agitation in the public space is addressed. The Senate...

Senate Okays Tinubu’s Request To Sack FCCPC Boss The Senate has approved President Bola Tinubu’s request to sack the Executive Vice- Chairman of the Federal Competition and Consumer Protection Commission (FCCPC) Babatunde Irukera. The decision was sequel to a motion by the Senate Leader, Opeyemi Bamidele...

Senate to FIRS: Suspend N17trn Tax Waivers   The Senate through its Committee on Finance on Monday frowned at the N17tn loss incurred by the country on tax waivers within the last five years. It consequently urged the Federal Inland Revenue Service (FIRS) to suspend the tax...