Senate Passes 2021-2023 MTEF/FSP, Pegs Oil Benchmark At $40           The Senate on Thursday passed the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper. It pegged oil benchmark at $40 and exchange rate at N379 per dollar. The MTEF/FSP is the fiscal document upon which the 2021...

National Assembly To Approve 2021 – 2023 MTEF/FSP Today       The Senate on Wednesday, stepped down consideration of the Conference Committee Report 2021 – 2023 Medium Term Expenditure Framework and Fiscal Strategy Paper. The request to step down consideration of the 2021 – 2023 MTEF report till...

Senate To Pass 2021 Budget Monday         President of the Senate, Ahmad Lawan, has announced that the Senate will on Monday hold a special session to pass the 2021 budget presently before the National Assembly. Lawan made this known during plenary following a motion moved by the...

Senate Probes Alleged N1.2trn Revenue Loss To Oil Firm         The Senate on Tuesday constituted a seven-member ad hoc committee to investigate an alleged N1.2tn oil revenue loss to the Federal Government owing to an alleged breach by Sinopec Addax Petroleum. The ad hoc committee which is...

Senate Passes Finance Bill 2020         The Senate, Tuesday, passed Finance Bill 2020 transmitted to the National Assembly two weeks ago for consideration and passage. The executive bill was passed after the consideration of a report by the Senate Joint Committee on Finance; Customs, Excise & Tariff;...

Illegal Gold Mining: Senate Seeks Probe Of $9bn Annual Revenue Loss         The Senate on Wednesday urged the executive arm of government to investigate the alleged annual revenue loss of $9bn to illegal mining and smuggling of gold in Nigeria. The upper chamber urged the Federal Government...