Crime & Judiciary Matters Economy News Extra Latest News National Assembly

Senate Confirms Bawa as EFCC Chairman, Tasks Him On Anti-Graft War

The Senate on Wednesday screened and confirmed Abdulrasheed Bawa as the substantive Chairman of the Economic and Financial Crimes Commission (EFCC). The nominee, who was accompanied by officials of the anti-graft agency and well-wishers, was subsequently interviewed for almost two hours by the lawmakers, who also described his choice by the President as commendable. They […]

Banking Economy News Extra Investments/Capital Market Latest News National Assembly Political Economy Technology Telecomms

Again, CBN Justifies Stance On Prohibition Of Cryptocurrencies In Nigeria

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Tuesday stoutly justified its monetary’ policy forbidding crypocurrencies transactions in Nigeria, saying trading in the virtual assets is illegal and has no place in Nigeria’s monetary system. Emefiele, who re-affirmed the apex bank’s policy stance against the virtual currencies when he appeared before […]

Budgeting Economy News Extra Infrastructure & Capital Projects Latest News National Assembly

2020 Budget: Senate Approves N11.35Bn For Police Trust Fund

The Senate on Wednesday approved the sum of N11,352,457,101.70 as budget for Nigeria Police Trust Fund for the 2020 fiscal year. The approval was sequel to the consideration of the harmonized report of the Senate and House of Representatives Committee on Police Affairs. The implementation of the NPTF 2020 budget would lapse on the 30th […]

Banking Crime & Judiciary Matters Economy News Extra Investments/Capital Market Latest News National Assembly Technology Telecomms

Virtual Assets, Cryptocurrencies Risky For Nigeria – ICPC Boss

The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye has lent his voice against cryptocurrencies and virtual assets transactions in Nigeria, describing them as risky for the country. Owasanoye expressed this view before the Senate Committee on Banking, Insurance and Other Financial Institutions during its hearing on the […]

Economy News Extra Health & Environment Latest News National Assembly Political Economy Revenue

Senate Moves To Curb Revenue Wastages On Medical Tourism

The Senate has commenced legislative processes of plugging revenue wastages associated with foreign medical trips by Nigerians, particularly of top government functionaries, with the consideration of a bill sponsored for the purpose. The bill titled ‘Federal Medical Centres (Establishment) Bill, 2021’ was sponsored by Senator Aishatu Dahiru Ahmed. Leading debate on the bill, the sponsor […]

Banking Economy News Extra Latest News National Assembly Technology

Senate To Summon Emefiele, Yuguda Over Cryptocurrency Transactions’ Ban

The Senate on Thursday mandated its Committees on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market to invite the Governor of Central Bank, Godwin Emefiele, and Securities Exchange Commission (SEC) over the recent ban of Cryptocurrency transactions in Nigeria by the apex bank. The resolution was reached following the consideration of […]

Banking Economy News Extra Investments/Capital Market Latest News National Assembly News Feature/Analysis Political Economy

Senate Confirms Buhari’s Nominees For NDIC Top Jobs

The Senate today confirmed the nomination of Messrs Bello Hassan and Mustapha Mohammed Ibrahim as Managing Director/Chief Executive and Executive Director (Operations) of the Nigeria Deposit Insurance Corporation (NDIC) respectively. Presenting the report on screening of the nominees to the Plenary, Chairman of Senate Committee on Banking, Insurance and Other Financial Institutions, Sen. Uba Sani, […]

Budgeting Economy News Extra Fiscal Law & Act Latest News National Assembly Planning & Economic Development

Economic Stakeholders Support Finance Act 2020 – PwC Survey

Most analysts in the nation’s economic space have endorsed the just enacted Finance Act 2020 in view of its great potential to transform the nation’s economy and reposition it on the path of sustainable growth in the years ahead. The support was confirmed in a survey by leading professional services firm, PwC Nigeria, during its […]

Budgeting Economy News Extra Infrastructure & Capital Projects Latest News National Assembly Planning & Economic Development Political Economy Revenue Tax

N/Assembly Passes N13.588Trn 2021 Appropriation Bill

The Senate on Monday at its emergency plenary session passed the 2021 Appropriation Bill with a projected N13.588 trillion expenditure for the fiscal year. The passage of the budget in the Senate was sequel to the consideration of a report by the Committee on Appropriations on the 2021 Appropriations bill. In his presentation, Chairman of […]

Budgeting Economy News Extra Latest News National Assembly Political Economy Revenue

Senate Passes 2021-2023 MTEF/FSP, Pegs Oil Benchmark at $40/B

The Senate on Thursday passed the 2021-2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The passage of the document was sequel to the consideration of a harmonized conference report of the Joint Committee of the Senate and House of Representatives. In his presentation, Chairman of the Committee on Finance, Senator Olamilekan Solomon […]