Senate Pledges To Speed Up Maritime Bills' Passage The Senate Committee on Marine Transport has assured of its willingness to partner with stakeholders through proper legislation that will guarantee full harness of opportunities that abound in the maritime sector for the nation’s prosperity. Chairman of the...

Senate To Speedily Amend NDIC Act For Improved Deposit Cover   The quest for the amendment of the Nigeria Deposit Insurance Corporation (NDIC) Act 2006, to enable it eliminate assessed gaps hindering the full implementation of the Deposit Insurance System (DIS) in Nigeria, would be given...

NLNG account: Senate Alleges Another $1.15bn Illegal Withdrawal   The Senate says it has uncovered illegal withdrawal of $1.15bn from the dividends accounts of the Nigerian Liquefied Natural Gas by the Nigeria National Petroleum Corporation. This is apart from the $1.05bn which the Group Managing Director of...

Probing Of NNPC Over $1bn 'Diverted' NLNG Dividend Begins   The Senate has begun an investigation of the diversion of $1.05bn from the Nigerian Liquefied Natural Gas dividend account by the Nigerian National Petroleum Corporation. The upper chamber is specifically probing all withdrawals from the account and...

Senate, others warn FG on Debt Trap The Senate and Nigeria Sovereign Investment Authority (NSIA), have warned the Federal Government against returning the country into the erstwhile debt trap. Neverthelesss, the Senate eventually approved President Muhammadu Buhari’s request for $2.78 billion Eurobond, it reiterated the concerns...

Senate Okays N189bn For INEC’s Elections Budget   The Senate yesterday approved the sum of N189 billion for the Independent National Electoral Commission (INEC) to conduct the 2019 general elections. The approval followed the adoption of the report of the Committee on Appropriations chaired by Sen Danjuma...