Senate In Talks With CBN On Offshore Banking Licence       The Senate Committee on Trade, Industry and Investment has promised to ensure that the Central Bank of Nigeria grants the permit for the establishment of offshore banks to free trade zone operators and businesses. The committee said...

NSITF Chiefs Appear In Senate Today Over Alleged N61.1bn Diversion       The management of the Nigeria Social Insurance Trust Fund is expected to appear before the Senate Public Accounts Committee today (Tuesday) to answer more questions on the query issued to it by the Auditor General...

Senate Passes Bill To Bar NIPOST From Tax Collection       The Senate on Tuesday passed a bill to effectively restrict Nigerian Postal Service (NIPOST) to only postal operations in the country. The Nigerian Postal Service (Repeal and Re-enactment) Bill, 2021, also unbundled the agency by creating a...

Senate To DPR: Clamp Down On Illegal Cooking Gas Retailers       The Senate on Tuesday urged the Department of Petroleum Resources (DPR) to clamp down on illegal roadside retailers of Liquefied Petroleum Gas (LPG), popularly called cooking gas. It said such retailers should include those who either...

Senate Probes NNPC’s Alleged Failure To Remit 10-year Stamp Duty       The Senate has launched a large-scale probe into the alleged non-remittance of the one per cent stamp duty on contracts awarded by the Nigerian National Petroleum Corporation from 2010 to 2020. The Committee on Finance, which...

Electricity Act Will Instill Sanity In Power Sector – Senate         The Senate has assured Nigerians and critical stakeholders in the power sector that the bill being considered by the National Assembly to amend the Electricity Act, will instill sanity in the sector when passed. The Chairman,...