• Senate to Kick Start Final Work on Economic Recovery Bills this week

    Senate to Kick Start Final Work on Economic Recovery Bills this week

    The Senate will this week attempt a stride closer to passing half of its remarkable and much needed economic reform package as six of the 11 significance economic growth and reform bills are slated for public hearings between December 5 and 8.

    The legislation planed for public hearing on December 5 includes the National Development Bank of Nigeria Bill which is intended to provide short, medium and long term financing to participating financial institutions for loans to small scale, medium and […]

  • INEC Act has been amended by the Senate

    INEC Act has been amended by the Senate

    The Senate, yesterday passed a new bill which provides for the conduct of fresh primary elections, within 14 days, to choose a new candidate, a move which puts to rest the controversy on who succeeds a deceased governorship or presidential candidate in the event of death, before announcement of the result of an election.

    The bill, which will be the sixth amendment to the 2010 Electoral Act, when approved, also provides that the Independent National Electoral Commission (INEC) shall suspend the […]

  • Data Tariff Hike: Senate orders NCC, Communications minister, telecoms service providers to appear before it

    Data Tariff Hike: Senate orders NCC, Communications minister, telecoms service providers to appear before it

    Minister of Communications, Mr. Adebayo Shittu, has been summoned to come and explain the reasons for planned mobile telecommunication data tariffs increment, just as it asked service providers to suspend the plan.

    Also summoned to appear before senate are the Nigeria Communications Commission and telecommunication service providers to appear before its Committee on Communications.

    The cost of data subscriptions was to go higher on Thursday.

    The Senate, during the plenary on Wednesday, mandated its Committee on Communications to start a comprehensive probe into […]

  • Telecoms Tariff Hike: Why senate rejected plan -Saraki

    Telecoms Tariff Hike: Why senate rejected plan -Saraki

    Senator Bukola Saraki, Nigeria’s senate president has revealed why the Senate today rejected the plan by the Nigerian Communications Commission (NCC), to increase the price of internet data, adding that the Senate will continue to make sure Nigerians had access to affordable Internet.

    He said, “Today, the Senate condemned the proposed increase of data tariffs by Service Providers, in line with the directive of the Nigerian Communications Commission (NCC).

    “We strongly believe that we must protect the Nigerian people that sent us to […]

  • BREAKING NEWS!!! Senate stops planned data tariff hike

    BREAKING NEWS!!! Senate stops planned data tariff hike

    The Senate has this morning, urged the Nigerian Communications Commission (NCC) to halt the planned increase in data tariff by major mobile telecommunications operators in the country.

    Details

  • Senate urges FG to leave ECOWAS

    Senate urges FG to leave ECOWAS

    The Senate on Tuesday urged the Federal Government (FG) to suspend forthwith, the ECOWAS Trade Liberalization Scheme (ETLS) and ECOWAS Common External Tariffs (CET) that Nigeria entered into in year 2000.

    The Senate wants Nigeria to pull out of the two economic treaties as a result of what it considers to be a “breach of ECOWAS Protocols and Economic sabotage.”

    This resolution followed a motion moved by the Chairman, Senate Committee on Customs, Senator Hope Uzodinnma.

    Uzodinnma noted with serious concern, the abuse […]

  • Ekweremadu kicks as Senate approves virement of N213bn

    Ekweremadu kicks as Senate approves virement of N213bn

    The Senate on Tuesday approved the virement of N213 billion as against the N180 billion requested by President Muhammadu Buhari to fund critical projects in the 2016 budget.

    In their wisdom, the Senators increased the amount to vire to N213 billion, following a presentation by chairman, senate Committee on Appropriation, Senator Danjuma Goje.

    He explained that during the interactions with the MDAs, the committee observed that there other critical areas that should be covered by the virement.

    The report of the committee shows […]

  • BREAKING: Senate Amends 2016 Budget; Approves N214bn Virement Fund For Buhari

    BREAKING: Senate Amends 2016 Budget; Approves N214bn Virement Fund For Buhari

    Contrary to opinions in some quarters that the Senate would not approve the N180bn request by President Muhammadu Buhari for the virement of funds appropriated in the 2016 Appropriation Act; the upper legislative chamber on Tuesday dazzled Nigerians by not only approving the said amount; but also increased the virement to the tune of N213,821,671,494.

    The Senate also approved additional request of N300m appropriated in the 2016 Budget under the Transmission Company of Nigeria (TCN) for the construction of 132 KVA […]

  • Senate denies frustrating 2017 budget proposal over constituency

    Senate denies frustrating 2017 budget proposal over constituency

    The Senate yesterday dismissed media reports that it was frustrating the early passage of the 2017 budget.

    The upper chamber said it has deliberated and passed the medium Term Expenditure Frame Work with some reservation by some senators.

    In a statement by the senate spokesman, Sen. Aliyu Sabi the senate condemned the report, describing it as misleading and false.

    A national newspaper has on Monday reported that the National Assembly is frustrating the submission of the 2017 Appropriation Bill.

    Parts of the statement reads. […]

  • 2017 budget: Senate threatens zero allocation to aviation sector

    2017 budget: Senate threatens zero allocation to aviation sector

    The Senate may not approve the planned concession of the four international airports if the federal government fails to settle the lingering disagreement between the Federal Airports Authority of Nigeria (FAAN) and Bi-Courtney Aviation Services (BASL) over the concession agreement over the management of the terminal two and the General Aviation Terminal at the Murtala Muhammed Airport, Lagos.

    This is just as the senate has threatened not to approve any budget for the aviation sector in 2017 in view of the […]

  • Senate gives FG condition for privatization of airports

    Senate gives FG condition for privatization of airports

    The Nigerian Senate has given a condition for the approval of plans by the Federal Government to concession four international airports, stating that government must probe the controversy trailing the concession of Murtala Mohammed International Airport (MMA2) Ikeja, Lagos to Bi-Courtney Aviation Limited.

    Senator Ben Murray-Bruce, Chairman Senate Committee on Privatisation, who stated this in Lagos at a Press conference on Monday, decried the refusal of the government to honour the terms of the concession deal it had with Bi-Courtney in 2006, […]