Petroleum Shipment: Senate Raises Concern Over $120m Yearly Losses         The Senate on Tuesday, raised concerns over reports that the nation loses over $120m annually, following overwhelming patronage of foreign shipping firms in the shipment of petroleum products. The upper chamber has therefore, directed the Nigerian National...

Senate Empowers Banks To Recover Loans Without Borrowers Consent       The Senate on Tuesday, passed for second reading, a bill to allow banks recover loans from defaulters, place them on watchlist and eventually blacklist them without recourse to the borrowers. The bill sponsored by Senator Sani Musa,...

Finance Bill Passes Second Reading, Proposes 10% VAT For Defaulters         The Finance Bill 2020 scaled second reading on the floor of the Senate on Wednesday. The proposed legislation stipulates various amendments made to the 2019 version of the Act. The Leader of the Senate, Yahaya Abdullahi, in...

N3bn Needed To Resuscitate Ajaokuta Steel Rolling Mill - Senate       The Senate at the weekend revealed that the total sum of N3 billion would be required to resuscitate the Ajaokuta steel rolling mill which has been under construction since 1980. The Chairman of the Senate Committee...

N38bn Budget For Road Repairs Inadequate - Senate         The Senate has described as grossly inadequate, the N38bn earmarked for federal road repairs in the 2021 budget. The red chamber said nothing meaningful could be achieved by the Federal Roads Maintenance Agency across the country with the...

Senate Seeks Additional N9bn For Nigeria Railways       The Senate on Thursday, demanded additional N9bn for the Nigeria Railways Corporation in the 2021 budget. The Chairman, Senate Committee on Marine Transport, Senator Danjuma Goje, said this after submitting the 2021 budget report of the Marine Transport and...