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...

Senate Says No Capital Allocation For MDAs Without Revenue Projections           The Senate has threatened to reject the capital and overhead proposals of federal ministries, departments and agencies which failed to accompany their 2022 budget estimates with revenue projections for the fiscal year. The red chamber said...

Senate Postpones Debate On 2022-2024 MTEF/FSP Report             The Senate on Wednesday stepped down the presentation and consideration of the report on the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper. The decision to defer its presentation and consideration to another legislative day was reached during...

President Seeks Senate Approval For Fresh $4.179bn, €710m External Loans             President Muhammadu Buhari has formally sent a letter to the Senate seeking its consideration and approval of $4.179 billion ($4.054 billion and $125 million) as well as £710 million external loans to fund projects captured...

Buhari May Present 2022 Budget This Month           There is a high probability that President Muhammadu Buhari might present the 2022 budget this month. The speculation is coming on the heels of the two chambers of the National Assembly resuming plenary today, after a two-month long...

Remittances: Senate Accuses NNPC, CBN, Others Of Underpayment       The Senate on Wednesday accused Government Owned Enterprises of worsening the current dwindling revenues in the country by engaging in spending spree instead of remitting the appropriate funds into the federation account. The Chairman of the Senate Committee...