Senate To Debate PIB October 20       The Senate will on October 20, debate the Petroleum Industry Bill (PIB) recently transmitted to the National Assembly by President Muhammadu Buhari. Senate President Ahmad Lawan, made the announcement moments before the upper chamber adjourned plenary on yesterday. According to Lawan,...

Senate Probes Commercial Banks Over Illicit, Excess Charges       The Senate on Wednesday mandated its Committee on Banking, Insurance and Other Financial Institutions to investigate the alleged illicit and excess bank charges by commercial banks operating in the country. The upper chamber urged the Central Bank of...

Senate Seeks Reduction In Borrowing       The Senate on Wednesday said the country should seek alternative sources of funding the budget in order to reduce borrowing. The upper chamber said although borrowing is not entirely bad, the country must seek ways and means to develop alternative funding...

Buhari Approves Oil Reform Bill As Senate Set To Resume Tuesday         President Muhammadu Buhari may formally present the Petroleum Industry Bill (PIB) to the Senate next week, which could trigger major oil reforms, sources have said. The Ministry of Petroleum Resources had presented the bill to...

Senate Demands Probe Of $18bn NLNG Dividend To NNPC       The Senate on Wednesday directed the Accountant General of the Federation, Mr Ahmed Idris, to investigate the $18.32bn which the Nigerian Liquefied Natural Gas Limited claimed to have paid as dividend to the Nigerian National Petroleum...

MTEF: Senate Threatens To Sanction CBN, FIRS, NPA, Others       The Senate Joint Committee on Finance and National Planning on Wednesday threatened to sanction heads of some revenue generating agencies of the Federal Government if they fail to appear before it on Thursday (today). The heads of...