Finance Bill Makes TIN Mandatory For Banks’ Account Holders     The Finance Bill 2021 has made it mandatory for commercial banks to demand Tax Identification Number from any individual seeking to open an account with them. The bill also empowers banks to demand TIN from existing customers...

Senate Queries PEF’s N100m Interest On 2015 N34bn Fixed Deposit       The Senate has condemned the management of the scrapped Petroleum Equalization Fund for not remitting all the N182m interest that accrued from the N34bn in fixed deposit of some banks. The agency only remitted N82m without...

Senate Knocks SEC For Spending Earnings On Salaries, Emoluments   The Senate has carpeted the Securities and Exchange Commission for spending most of the revenues it generated on salaries and emoluments of staff. The Senate, through its Committee on Capital Market, insisted that it was wrong of...

Senate Passes Real Estate Regulatory Council Bill   The Senate on Wednesday passed a bill to establish the Real Estate Regulatory Council of Nigeria. The council, when established would, among others, curb fraudulent practices to ensure that the real estate business conforms with the National Building Code...

$10bn Gas Project: Senate Probes Italian Firm Over Local Content Law   The leadership of the Senate has directed its Committee on Local Content to immediately commence investigations into the alleged breach of local content law by an Italian firm. The development was sequel to a petition...

Senate Concludes Debate On 2022 Budget The Senate will on Wednesday (today) conclude its debate on the general principles of the 2022 Appropriation Bill which it started on Tuesday. The President of the Senate, Ahmad Lawan, presided over the plenary, where senators bared their minds on...