THE Senate has discovered overtime cargoes worth billions of naira stacked at the Ikorodu Lighter Terminal, Lagos State, by the Nigeria Ports Authority (NPA) for not less than 10 years. The Chairman Senate Committee on Customs, Excise and Tariff, Sen. Hope Uzodinma, made the...

The Senate raised the alarm over alleged mismanagement of the N500 billion social intervention fund captured in the 2016 budget. The upper chamber lamented that already over N80 billion of the fund had been disbursed supposedly to the poor without any noticeable evidence of where...

The Senate has rejected President Muhammadu Buhari’s external borrowing plan of $30bn for the execution of projects from 2016 to 2018. The nays had it when the borrowing plan was put to a vote on the floor of the chamber during the plenary on Tuesday. The...

The Federal Government has said it had so far released N2.5tn out of the N6.6tn budgeted for the 2016 fiscal year. The government also said the proposed external borrowing was for the execution of capital projects. President Muhammadu Buhari had on Tuesday sought the approval of...

I HAVE just read the wide media coverage regarding the recommendations of the National Economic Council (NEC) as well as the Senate on the ways to reboot the economy out of the current recession. Times such as this require all brains at work and...

The Senate has rejected proposal to give bailout fund to airline operators in the country. Moving a motion tagged: “The looming crisis in the Nigerian aviation industry,” Senator Samuel Anyanwu (PDP, Imo ) said there was need for the federal government to grant the bailout...