Tinubu Seeks Senate Approval for $20.52bn, €1.05bn External Loans President Bola Tinubu has asked the Senate to approve a supplementary external borrowing plan of $20.52 billion and €1.05 billion for the 2026–2027 fiscal period. The request was conveyed in a letter addressed to Senate President Godswill Akpabio and read during plenary on Tuesday. Tinubu said
Ondo Air Crash: Senate Orders Audit of NAF Aircraft, Maintenance Funds The Senate has called for a comprehensive audit of Nigerian Air Force (NAF) aircraft and their maintenance funding following the October 5 air crash in Igbokoda, Ondo State, which reportedly killed 25 people. The upper chamber also mandated its relevant committees to examine budgetary
Tinubu Sends Five Bills to Senate on NDLEA Reform, Transport Safety, War Crimes President Bola Tinubu has transmitted five bills to the Senate for consideration, seeking reforms in drug law enforcement, transport safety investigation, public sector training and the domestic implementation of international laws on armed conflict and criminal justice. The bills were conveyed in
Senate Extends 2025 Budget Implementation to December 31 The Senate has approved a further extension of the implementation period for the capital component of the 2025 Appropriation Act, moving the deadline from September 30 to December 31, 2026. The extension followed the passage of the Appropriations (Repeal and Enactment) Act 2025 Amendment Bill 2026, sponsored
Senate Gives Seplat, Three Oil Firms 48 Hours to Answer NEITI Queries The Senate Public Accounts Committee has given Seplat Energy Plc and three other oil companies 48 hours to appear before it and respond to queries contained in the 2021, 2022 and 2023 audit reports of the Nigeria Extractive Industries Transparency Initiative. The committee,
Senate Moves to Strengthen Nigeria’s Financial System Through Coordinated Reforms The Senate Committee on Banking, Insurance and Other Financial Institutions has intensified efforts to strengthen Nigeria’s financial system through closer collaboration with regulators and industry stakeholders. The committee convened an expanded stakeholders’ engagement in Lagos on Saturday, bringing together representatives of key financial institutions, including
By Zakari Bidoma Having closely monitored and insecurity, conflict and humanitarian crises across Nigeria for years, one lesson keeps repeating itself: every major school abduction is followed by promises, committees and fresh funding, yet communities on the frontline often tell the same story, with little changes where it matters most.The Senate’s decision to investigate the
As Tinubu Seeks Senate Confirmation President Bola Tinubu has asked the senate to confirm the appointment of former Director -General of securities and Exchange commission (SEC) Lamido Yuguda, as chairman of the Board of Asset management corporation of Nigeria (AMCON), in a bid to strengthen governance within the country’s financial sector. The president’s request was