30 results
- 4 Nov 2015
Buhari Emerges Senate Committee Chairman on ICT
Senator Bukola Saraki, senate president, on Wednesday announced the leadership composition of the Senate Committees, while giving them oversight functions. From the list, Senator Abdulfatai Buhari…
- 11 Apr 2025
Senate Committee Partners with Kuda Bank to Tackle Compliance Crisis as Nigeria Loses ₦3.4 Trillion
Over ₦3.4 trillion in financial infractions were uncovered across federal Ministries, Departments, and Agencies (MDAs) in 2021, according to the Auditor General’s report — a staggering figure that…
- 12 Sept 2025
FintechNGR Engages CBN, NAICOM, Others to Strengthen Regulatory Interface with Fintechs
The Fintech Association of Nigeria (FintechNGR), the umbrella body of Financial Technology operators in the country recently had high-level engagements with top regulators and lawmakers, aimed at…
- 7 Mar 2014
New Twist in Alleged Missing $20Bn Oil Money Probe
A dramatic twist was added to the alleged missing $20 billion oil money as Mr. Samuel Ukura, auditor general of the Federation, yesterday, told the Senate Committee on Finance investigating the…
- 26 May 2025
Harmonised Tax Bills Ready, May Get NASS Approval Today
The National Assembly has hinted that it may consider passing the harmonised tax reform bills by Tuesday, following a successful review of the troubling clauses in the proposed legislation. This was…
- 19 Aug 2024
FG Mulls New Tax Law
Federal government would soon enact a new law to transform Nigeria’s revenue administration, according to Zacch Adedeji, executive chairman, Federal Inland Revenue Service (FIRS). Adedeji revealed…
- 28 May 2025
Senate Passes Harmonised Report on Tax Reform Bills
The Senate on Wednesday adopted the harmonised conference committee report on the four tax reform bills. The resolution of the Senate followed its consideration and approval of the recommendations of…
- 11 Dec 2019
Senate Asks CBN to Account for N20Trillion Collected as Stamp Duty
Senate has mandated its Committee on Finance to investigate the non-remittance of over N20 trillion into the Federation Account by Central Bank of Nigeria (CBN), an amount collected as stamp duties…
- 14 Nov 2023
Senate Considering New Law to Privatise NIPOST
The Joint Senate Committee on Medium-Term Expenditure and Fiscal Strategy has threatened to recommend legislation to fully privatise the Nigeria Postal Service for optimal performance. Senator Sani…
- 24 Apr 2014
Why Confab Committee Summoned Customs, NPA, Others
The Public Finance and Revenue Committee at the ongoing National Conference on Tuesday summoned some top government functionaries associated with port operations in Nigeria to give explanations on…
- 2 Jul 2014
BDC Operators Meet National Assembly, CBN over Capital Base
Operators of the Bureau de Change yesterday met with the Committees on Finance of both chambers of the National Assembly to seek the intervention of the federal lawmakers on the recent N35m imposed…
- 22 Jun 2020
Senate Moves to Resolve Stamp Duty Between NIPOST and FIRS
Senate said it will soon schedule a meeting with all relevant stakeholders to resolve the ongoing stamp duty controversy between the Nigerian Postal Service (NIPOST) and the Federal Inland Revenue…
- 11 Dec 2012
Senate Expresses Worries Over $7.9Bn Foreign Loans
The Senate has warned state governments against reckless borrowing, saying it would not accede to every request. Senator Ehigie Uzamere, chairman, Senate Committee on Local and Foreign Loans who gave…
- 5 Feb 2014
CBN Says $20Bn Missing, NNPC Accuses Sanusi of Inconsistency
Mallam Lamido Sanusi, governor of Central Bank of Nigeria (CBN) has said that the outstanding unremitted amount due to the federation account from the sale of crude oil by the Nigeria National…
- 11 Jan 2016
Rep, Minister Fight over NCC Budget
Senator Solomon Adeola, vice chairman, Senate Committee on Communications, representing Lagos West on the platform of All Progressives Congress (APC) has faulted moves by Mrs. Kemi Adeosun, minister…
- 27 Feb 2020
Senate Probes Differences in Banks’ Deposits, Lending Rates
The Senate has begun probe into the rationale behind the huge difference in deposit and lending interest rates among commercial banks and other financial institutions. The Senate said the…
- 15 May 2014
Senate Commends Intels, Calls for Listing @ NSE
The Senate Committee on Privatisation has expressed delight over the impressive performance of Intels Nigeria Limited and urged its owners to take the company to the Nigerian Stock Exchange for…
- 16 Feb 2024
Senate, CIBN Seek to End Malpractices in the Banking Sector
The Senate committee on Banking, Insurance and other Financial Institutions, chaired by Senator Adetokunbo Abiru and the Chartered Institute of Bankers of Nigeria (CIBN) have vowed to sanitize the…
- 30 Apr 2013
GEJ, Others Waste N1.5Trn on Frivolities
A report by the Senate Committee on Public Accounts has disclosed that N1.518 trillion voted into the Special Funds Accounts (SFA) between 2002 and 2012 was alleged to have been misappropriated. The…
- 7 Mar 2024
FG Accuses Buhari’s Govt of Printing Free Naira for 8 Years
Federal government has disclosed that the free printing of naira notes for eight years, under the previous administration went into the hands of a privileged few, without corresponding productivity,…
- 22 Nov 2019
Nigeria to Tax Transactions on Google, Others
Senate yesterday passed an amendment that will ensure collection of tax from transaction on YouTube, Google, Amazon and other online transactions. The lawmakers’ resolution was sequel to the…
- 21 Oct 2014
CBN, Reach Consult Cashless Policy Conference Begins Today
The annual stakeholders’ conference on the cashless policy organised by Reach Consult in collaboration with the Central Bank of Nigeria (CBN) begins today in Lagos. The 2-day conference, now in its…
- 6 Sept 2021
CSOs Knock FIRS over Proposed Social Media Tax
Civil Society Organisations (CSOs) on Monday condemned the Federal Inland Revenue Service (FIRS) over its decision to impose taxes on social media activities. The FIRS is currently seeking the…
- 16 Nov 2025
FG’s Fresh Loans: Experts Raise Alarm over Growing Debt
Many Nigerians have continued to raise concerns over the Federal Government’s borrowing spree in spite of claims that revenue generation has increased. The News Agency of Nigeria (NAN) reported that…
- 14 Feb 2014
Forensic Experts to Trace Missing $20Bn Oil Money
Forensic experts should examine the state of the federation account, the federal government suggested yesterday. This is coming as Sanusi Lamido Sanusi, governor; Central Bank of Nigeria (CBN)…
- 16 Aug 2020
Senate Pledges Support for NDIC in Protecting Depositors
The Senate Committee on Banking, Insurance and Other Financial Institutions, has pledged to support the Nigerian Deposits Insurance Corporations (NDIC) to carry out its functions more effectively.…
- 8 Aug 2022
Senate Asks FG Agencies to Account for N1.7 Trillion Security Votes
The Senate, through its standing Committee on Public Accounts, has begun a probe of over 1.7 trillion service vide votes allocated to federal agencies from 2017 to 2021 budgets. Senator Matthew…
- 14 Jul 2008
FG Set to Overhaul Postal Sector
The Senate Committee on Communications has completed plans to embark on a comprehensive overhaul of the Telecom industry and will include the creation of an independent postal regulatory agency and…
- 14 May 2015
Senate Confirms Gwarzo as SEC DG
The Senate on Wednesday confirmed Mallam Mounir Gwarzo as the substantive Director-General of the Securities and Exchange Commission, (SEC). A statement by SEC said the confirmation followed the…
- 15 May 2017
Banks, IOCs in Trouble for Defrauding FG of $63Bn
The Senate is investigating some banks for alleged collusion with some international oil companies (IOCs) to defraud the country. It was alleged that over $63 billion had been taken out of the…