Senate Probes Kachikwu, DPR Over Oil Lease Renewal   The Senate has resolved to investigate Nigeria’s imminent loss of $10bn to illegal discounts and rebates granted by Federal Government officials in the process of oil and gas lease renewal. Adopting a motion moved at the plenary on...

Senate Drops One Of Buhari’s CBN Board Nominees, Confirms Four The Senate has confirmed four of the five members of the board of the Central Bank of Nigeria nominated by President Muhammadu Buhari. The Senate Committee on Banking, Insurance and Other Financial Institutions had screened the...

CAMA Act Amendment a Lifeline to Small Businesses President of the Lagos Chamber of Commerce and Industry (LCCI), Mr. Babatunde Paul Ruwase has lauded the passage of the Companies and Allied Matters Act (CAMA) Act amendment Bill by the Senate, just a he said the...

2018 Budget: Experts Fault Oil Benchmark Increase Some financial experts on Friday faulted the increase in the oil benchmark of the 2018 appropriation bill from 45 dollars to 51 dollars by the Senate. Some financial experts who spoke to newsmen in Lagos noted that the increment...

Senate Orders N216bn Illegal Subsidy Payment Refund By NNPC     The Senate has declared as illegal the current payments by the Nigerian National Petroleum Corporation to augment the differentials between the landing cost of the Premium Motor Spirit (petrol) and the pump price. The legislature asked the...

2017 Budget must run till May 2018, Senate orders The Senate has ordered the Federal Ministry of Finance to allow the 2017 Budget run till May 31, 2018 instead of March 31.The resolution followed the adoption of a Point-of-Order raised by Sen. Atai Aidoko. Relying on...