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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
The Senate on Tuesday passed the Finance Bill 2020 transmitted by the Executive to the National Assembly two weeks ago for consideration and passage. The passage of the bill was sequel to the consideration of a report by the Senate Joint Committee on Finance, Customs, Excise & Tariff, Trade and Investment, and Public Procurement. While […]
The House of Representatives on Tuesday urged the Federal Government to put on hold the planned take-off of the 774,000 special works programme scheduled to commence January 5, 2021. The lawmakers in the Green Chamber, therefore, asked the Ministry of Finance not to release the funds meant for the programme until some issues affecting the […]
The Nigeria Customs Service (NCS)on Wednesday expressed its displeasure over the rotting of three calibre mobile scanning machines worth millions of Naira at the TinCan and Apapa Ports and urged the National Assembly to assist in ensuring that the machines are installed for use at the ports. A Comptroller of Customs, Mohammed Abba-Kura, gave this […]