The Senate condemned the act of hawking, selling and otherwise illegally trading in new Naira notes, coins or any notes issued by the Central Bank of Nigeria. It urged security agencies, as a matter of urgency, to enforce compliance with the provisions of Section 21...

The Senate has rejected the report by its Committee on Finance in which the N143.7bn budget of the Federal Inland Revenue Service was approved. The lawmakers, while debating the recommendation of the committee during the day’s plenary, criticised the report as lacking details. While some senators...

The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Ibrahim, has said that time will soon run out on recalcitrant obligors of the Asset Management Corporation of Nigeria. He said this was because of the renewed commitment of the Senate to...

Fearing the likely negative impact of the proposed telecommunications tax bill on a large chunk of telecoms subscribers and the economy as a whole, the Association of Telecommunications Companies of Nigeria (ATCON), the umbrella body for all telecoms companies in the country, has advised...

The Senate has asked the Department of Petroleum Resources to henceforth prepare and forward to it daily records of oil and gas production and sale in the country. The Senate Committee on Petroleum (Upstream) said the records must be submitted to it every month. The records...

The preparation of the 2017 budget suffered another setback at the Senate on Thursday, as the upper chamber of the National Assembly took a swipe at the Executive for blaming lawmakers for the delay in the process. The Senate specifically criticised the Minister of Budget...