Senate Increases 2020 Expenditure To N10.73trn   President Muhammadu Buhari will on Tuesday next week present the 2020 budget at a joint session of the National Assembly by 2pm. The President of the Senate, Ahmad Lawan, stated this at plenary on Thursday. Also at plenary, the Senate approved...

Senate Probes 7 Oil Firms Over Unremitted $21bn     The Senate on Wednesday, mandated three of its committees to investigate seven international oil companies over their alleged refusal to remit about $21 billion to the national treasury. The decision of the upper chamber was sequel to a...

Senate Seeks Return Of Budget Cycle To Jan/Dec   The President of the Senate, Ahmad Lawan said on Tuesday that the desire of the ninth Senate and indeed the National Assembly is to have the budget cycle return to January to December. Lawan spoke shortly before the...

On Fuel subsidy, Senate Summons NNPC Over 43 Modular Refineries   The Senate on Tuesday lamented the multi-billion dollar being paid by the Federal Government to subsidise refined petroleum products for Nigerians. The upper chamber has, therefore, mandated its petroleum committee to invite the Ministry of Petroleum...

Senate Okays N69bn Subsidy Payment For 20 Oil Marketers The Senate on Tuesday approved the payment of N68.9bn as outstanding subsidy claims to 20 petroleum marketers. The breakdown showed that N10.8bn was approved as subsidy claim to Tanzila Petroleum Company, while N58.1bn was okayed for 19...

Senate To Pass 2019 Appropriation Bill Tuesday   The Senate Wednesday postponed the final consideration and passage of the 2019 Appropriation Bill to next Tuesday due to the unavailability of details of the budget report for senators to peruse. This is coming as the upper legislative chamber...