Senate Summons Accountant-general Over TSA Remittances       The Senate Committee on Finance on Wednesday summoned the Accountant-General of the Federation, Ahmed Idris, to appear before it over alleged inadequate remittances to the Single Treasury Account. The Chairman of the Senate panel, Senator Solomon Adeola, disclosed this while...

Senate To Buhari: Scrap Redundant Federal Agencies       The Senate on Wednesday urged the Federal Government to reduce the number of its agencies in order to reduce cost of governance. The red chamber took the decision following the approval of the report of its joint committee on...

MTEF: Senate Threatens To Sanction CBN, FIRS, NPA, Others       The Senate Joint Committee on Finance and National Planning on Wednesday threatened to sanction heads of some revenue generating agencies of the Federal Government if they fail to appear before it on Thursday (today). The heads of...

Senate To Intervene In FIRS, NIPOST Stamp Duty Dispute     The Senate says it will soon schedule a meeting with all relevant stakeholders to resolve the ongoing stamp duty controversy between the Nigerian Postal Service and the Federal Inland Revenue Service. The Chairman Senate Committee on Finance,...

Some Nigerian Operators Producing Oil At $93/barrel - NNPC     The Nigerian National Petroleum Corporation has said some of its partners are producing a barrel of crude oil in the country at $93, a development it described as unacceptable. The Group Managing Director, NNPC, Mallam Mele Kyari,...

Covid-19: Cut N10.59trn Budget, Target Overhead, Says Senate   The Senate declared on Tuesday that the downward review of the N10.59tn 2020 federal budget had become inevitable in view of the current global economic downturn occasioned by the outbreak of coronavirus pandemic. The red chamber made the...