NASS Proposes Bill Against Indiscriminate Waivers, Incentives   The Senate, on Tuesday, passed a bill for a second reading to amend the Federal Inland Revenue Service Act to regulate the processes of granting corporate tax holidays, import duty waivers and investment incentives to investors and businesses...

2023 Budget: Senate Suspends Defence Over Minister’s Summons Refusal   The Senate, on Tuesday, refused to consider the 2023 budget for the Ministry of Defence after the Minister, Bashiru Magashi, failed to honour invitations extended to him by the Senate Adhoc Committee on the Resuscitation of...

Finance Bill Makes TIN Mandatory For Banks’ Account Holders     The Finance Bill 2021 has made it mandatory for commercial banks to demand Tax Identification Number from any individual seeking to open an account with them. The bill also empowers banks to demand TIN from existing customers...

Senate Concludes Debate On 2022 Budget The Senate will on Wednesday (today) conclude its debate on the general principles of the 2022 Appropriation Bill which it started on Tuesday. The President of the Senate, Ahmad Lawan, presided over the plenary, where senators bared their minds on...

Senate Postpones Debate On 2022-2024 MTEF/FSP Report             The Senate on Wednesday stepped down the presentation and consideration of the report on the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper. The decision to defer its presentation and consideration to another legislative day was reached during...

Finance Bill Passes Second Reading, Proposes 10% VAT For Defaulters         The Finance Bill 2020 scaled second reading on the floor of the Senate on Wednesday. The proposed legislation stipulates various amendments made to the 2019 version of the Act. The Leader of the Senate, Yahaya Abdullahi, in...