The chairman of the senate committee on appropriations, Solomon Adeola, says Nigerians earning N800,000 or less annually will no longer pay personal income tax under the new tax reform laws signed by President Bola Tinubu.

2025 Budget: Senate to Suspend Plenary Sessions for Two Weeks   The Senate has announced plans to suspend plenary sessions for two weeks, starting from January 14, when the National Assembly resumes from its holiday break. It explained that this would enable the Appropriation sub-committees of both...

Senate Rejects Committee move to Reduce N3.6trllion Subsidy in Budget The Senate has voted against its finance committee proposal to reduce the N3.6trllion subsidy to N1.7tn in the 2023 budget. President Muhammadu Buhari had in the 2023 – 2025 Medium Term Expenditure Framework and Fiscal Strategy...

Senate Probes NNPC’s Alleged Failure To Remit 10-year Stamp Duty       The Senate has launched a large-scale probe into the alleged non-remittance of the one per cent stamp duty on contracts awarded by the Nigerian National Petroleum Corporation from 2010 to 2020. The Committee on Finance, which...

NNPC, NPA, Others To Face Senate Panel This Week Over Unremitted N2trn       The Senate Committee on Finance has sent out invitations to heads of 60 government-owned firms to start appearing before it from this week. They are to explain their failure to remit various funds running...

Senate Moves To End MDAs Frivolous Spending         The Senate on Monday stated its commitment to amend the Fiscal Responsibility Act this year. The Chairman, Senate Committee on Finance, Senator Solomon Adeola, stated this on Monday at an investigative hearing undertaken by his panel with federal ministries...