Senate Declares Emergency on Ponzi Scheme, Probes N1.3tn CBEX Collapse The Senate on Wednesday launched a sweeping probe into the rise of Ponzi schemes in the country, following the catastrophic collapse of Crypto Bridge Exchange, a digital investment platform that allegedly fleeced Nigerians of over...

Senate Slams NNPCL for Rejecting N210trn Audit Investigation   The Nigerian National Petroleum Company Limited (NNPCL) on Thursday failed to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over N210tn in its audited reports from 2017 to 2023. Despite being summoned,...

Senate Extends 2024 Budget Implementation to December The Senate has approved a fresh extension of the implementation of the capital component of the 2024 national budget from June 30 to December 31. The decision was reached during plenary on Tuesday, following the presentation and expeditious passage...

Senate Passes ₦1.81tn 2025 FCT Budget The Senate has passed the 2025 FCT Statutory Appropriation Bill, authorising a total expenditure of about ₦1.81 trillion for the Federal Capital Territory for the 2025 fiscal year after a third reading. The passage followed the presentation of the joint...

The Senate Committee on Power has raised concerns over the liquidity crisis bedeviling the power sector, lamenting that the tariff shortfalls in the industry have indicated that the government owes about N200bn to electricity generating companies every month.

Rice Devt Council Bill Passes Second Reading - Senate The Senate on Wednesday passed through second reading a bill seeking to establish the National Rice Development Council to reposition the sub-sector in the agriculture value chain. Titled “A Bill for an Act to establish the National...