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...
Senate Panel Queries Spending Of Ministry’s N177m IGR, Suspends Defence
The Senate Committee on Trade and Investment on Monday suspended the budget defence of the Federal Ministry of Trade and Investment over what it described as vague documentation of N177m being the 20 per cent...
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...
