The Senate Committee on Power has raised concerns over the liquidity crisis bedeviling the power sector, lamenting that the tariff shortfalls in the industry have indicated that the government owes about N200bn to electricity generating companies every month.

Rice Devt Council Bill Passes Second Reading - Senate The Senate on Wednesday passed through second reading a bill seeking to establish the National Rice Development Council to reposition the sub-sector in the agriculture value chain. Titled “A Bill for an Act to establish the National...

UPDATE: Senate Passes Remaining Tax Reform Bills The Senate has passed the remaining two of the four major tax reform bills, completing clause-by-clause review aimed at modernising Nigeria's tax administration. During Wednesday’s plenary, lawmakers began deliberation on the reports of the four executive-sponsored tax bills, successfully passing...

Senate Passes Two Tax Reform Bills, Pegs VAT at 7.5% The Senate has passed two out of four major tax reform bills proposed by President Bola Tinubu. However, the upper chamber rejected a proposal to increase the value-added tax (VAT) to 10 percent, opting to retain...

Senate Demands Data Cost Review, Others  The Senate on Wednesday called on the Federal Ministry of Communications, Innovation and Digital Economy to engage telecommunication operators to review the costs of data and other internet-related services for their subscribers. This resolution followed a motion on the ‘Urgent...

Tax Reform Bills: NITDA, TETFUND to Remain as Reps c’ttee Proposes Major Changes The House of Representatives Committee on Finance has proposed major changes in the tax reform bills sent to the National Assembly by President Bola Ahmed Tinubu. Daily Trust reports that the committee modified...