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Senate Approves Buhari’s N7.6trn External Borrowing Request

Senate Approves Buhari’s N7.6trn External Borrowing Request   The Senate yesterday approved President Muhammadu Buhari’s request to borrow about N7.6 trillion comprising $16.2 billion and €1 billion (Euros) under the 2018-2020 External Borrowing (Rolling) plan, and a $125 million grant component. It also approved the request to...

Budget: FG Seeks MTEF Amendment, Lowers Revenue Projection By N342bn

Budget: FG Seeks MTEF Amendment, Lowers Revenue Projection By N342bn   President Muhammadu Buhari will, on Thursday, present the 2022 budget to a joint session of the National Assembly. The Deputy Senate President, Ovie Omo-Agege, gave the hint on Tuesday after reading and referring Buhari’s submission of...

Senate Passes AMCON Amendment Bill

Senate Passes AMCON Amendment Bill       The Senate has passed the Asset Management Corporation of Nigeria (AMCON) Amendment Bill. This followed the adoption of the report of Senate Committee on Banking, Insurance and Other Financial Institutions at plenary on Wednesday. Presenting the report, Senator Uba Sani, Chairman of...