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...

NASS To Transmit N17trn Budget To Buhari Today – Lawan   The President of the Senate, Ahmad Lawan, says the National Assembly will on Thursday transmit the 2022 Appropriation Bill to President Muhammadu Buhari to sign into law. Lawan gave the hint on Wednesday in his remarks...

Senate Approves Buhari’s Request On Fresh $5.8bn Borrowing   The Senate, on Wednesday, approved the request by President Muhammadu Buhari for loans totalling $5,803,364,553.50 and a grant component of $10m under the 2018-2020 External Borrowing (Rolling) Plan of the Federal Government. The approval followed the consideration and...