Reps Concur With Senate, Extend Limit On CBN Loans   The House of Representatives has approved an amendment to the Central Bank of Nigeria Act, raising the ceiling of Ways and Means advances from the apex bank from 5 to 15 per cent. The House gave the...

Experts Says Senate’s N22.7tn Loan Approval May Raise Bond Rates The securitisation of the Central Bank of Nigeria’s N22.7tn Ways and Means advances to the Federal Government by the Senate may push the interest rates of future debt securities higher, capital market analysts have said. The...

Senate Tasks FG to Address Aviation Infrastructure Decay, Others The Senate Committee on Aviation has listed infrastructure deficit, incessant picketing of various agencies by unions, lingering labour matters, constant demolitions of structures around the airports and other long-standing challenges as the among the challenges stunting...

Senate Approves Restructuring Of FG’s N22.7trn Unbudgeted Loans From CBN   The Senate yesterday approved the request of President Muhammadu Buhari to restructure the N22.7 trillion Ways and Means loan advanced to the Federal Government by the Central Bank of Nigeria (CBN). The approval followed the consideration...

Senate Charges NNPC for Mismanagement of N102bn Crude Oil Deliveries Senate has indicted Nigeria National Petroleum Company Limited for poor record-keeping for crude oil deliveries to Warri Refinery and Petrochemical Company and Kaduna Refinery and Petrochemical Company worth $376, 655,589 (N102.6bn). The indictment stemmed from the...

Fresh Audit Report Indicts 37 Fed Govt Agencies   The Senate on Tuesday started the consideration of the 2016 Auditor General report as the Panel on Public Accounts indicted 37 Ministries, Departments and Agencies (MDAs) for violation of financial procedure. The consideration of the report, which started...