Senate Panel Rejects Buhari’s $700m Loan Request   The Senate Committee on Local and Foreign Debts on Wednesday rejected President Muhammadu Buhari’s loan request to the National Assembly for the Sustainable Urban and Rural Water Supply, Sanitation and Hygiene project under the Ministry of Water Resources. The...

Senators, BOI Differ Over Loan Beneficiaries   Members of the Senate Committee on Industry on Wednesday clashed with officials of the Bank of Industry (BOI) over the beneficiaries of its loans for businesses. The Managing Director of BOI, Olukayode Pitan, appeared before the committee to defend the...

Senate Summons FAAN MD Over N1.5bn Indebtedness To NiMeT           The Senate has summoned the Managing Director of the Federal Airport Authority of Nigeria, Rabiu Yadudu, to explain his agency’s alleged failure to remit N1.5bn meant to be the the internally generated revenue of the Nigeria...

Senate Passes MTEF/FSP, Okays Buhari’s N4.89trn Borrowing Plan             The Senate on Wednesday passed the 2022-2024 Medium Term Expenditure and Fiscal Strategy Paper, retaining all the assumptions and projections submitted to it by president Muhammadu Buhari in July. The red chamber retained the exchange rate of N410.15...

Buhari Seeks Senate confirmation Of Board Of Petroleum Regulatory Authority, Upstream Regulatory Commission         President Muhammadu Buhari on Tuesday, sought Senate’s confirmation of members of the Board of the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The President in another letter to the upper chamber also sought...

Buhari Writes Senate, Seeks Amendments To PIA           President Muhammadu Buhari has asked the Senate to amend certain provisions of the controversial Petroleum Industry Act. The joint National Assembly committees that worked on the PIB had proposed a five per cent equity share for the development of...