Senate To NUPRC: Stop IOCs Evading Tax From Lifting Crude Oil   The Senate Committee on Finance has asked the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to stop international oil companies (IOCs) evading tax from lifting crude oil. The panel said the move has become imperative...

Senate Confirms CBN’s Monetary Policy Committee Members   The Senate, on Wednesday, confirmed the nominations of seven members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN). The confirmation of the nominees followed the consideration of a report by the Committee on Banking, Insurance...

Senate Passes Rice Council Bill   The Senate, on Wednesday, passed a bill seeking to establish National Rice Development Council, expecting it to save Nigeria about $2bn annually from rice importation and improve foreign exchange earnings. The passage followed the consideration and adoption of the report by...

Senate Passes Bill Placing Aviation College Under TETFUND The Senate, on Tuesday, passed the Nigerian College of Aviation Technology (Amendment) Bill, 2022. The passage of the bill followed the consideration of a report by the Senate Committee on Aviation. The Chairman of the committee, Senator Smart Adeyemi...

Senate Begins Probe On N14.7bn PHCN Privatisation Fund In Secret Accounts     The Senate Committee on Public Accounts has begun investigation of N14.7bn proceeds of privatisation of the defunct Power Holding Company of Nigeria allegedly hidden in commercial banks by the Bureau of Public Enterprise. The committee...

Senate Probes BPE, Alleges Unremitted $679.4m Rent On Ports’ Concession   The Senate Committee on Public Accounts has begun an investigation of the Bureau of Public Enterprises for allegedly failing to remit $679.4m realised from the concession of various ports to 23 companies the Nigerian Ports...