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BREAKING: CBN makes u-turn, withdraws circular on cybersecurity levy

The CBN directed all commercial banks to forgo the initial circular, in line with the presidential directive. The Central Bank of Nigeria (CBN) has withdrawn the circular it issued to all commercial banks on May 6, 2024, directing them to impose a mandatory deduction of 0.05 per cent from each electronic transaction as a cybersecurity levy. The apex bank announced this in a revised circular dated May 17, 2024. The circular which was later accessed...

Ondo Guber: APC suspends Senator Jimoh Ibrahim

The suspension of Senator Ibrahim follows his defeat in the state’s party primary governorship election, which took place on Saturday, April 20, 2024.  Senator Jimoh Ibrahim (APC, Ondo South) has been suspended by the All Progressives Congress (APC) in Igbotako Ward II, Okitipupa local government area of Ondo State due to suspected anti-party activities and insubordination. A letter revealing the senator’s suspension was provided to the press in the state capital of Akure. The letter...

Senate approves establishment of North West Development Commission 

The bill which scaled third reading was sponsored by the Deputy President of the Senate, Barau Jibrin and 20 other senators from the seven states in the North West geopolitical zone. The Senate has passed the North West Development Commission (NWDC) bill seeking to address the challenges facing the seven states in the geopolitical zone. The passage of the Bill is a sequel to the consideration of the report of the Committee on Special Duties...

President Tinubu transmits anti-doping bill to Senate

The Senate is expected to commence deliberations on the Bill, before referral to the relevant Committee for further legislative actions. President Bola Ahmed Tinubu has transmitted a National Anti-Doping Bill, 2024 to the Senate for consideration and approval. This Bill seeks to curb the use of performance enhancement drugs such as steroids, amongst others. This was disclosed in a letter read by the Deputy Senate President, Barau Jibrin during Thursday’s plenary. The letter read, “In...

Electricity Tariff Hike: Senate suspends debate to seek legal consultation

Senator Barau Jibrin who presided over the day’s plenary stepped down the debate on electricity, saying the legal department would be consulted on the matter before further debate. The Senate has suspended debates on plans to halt electricity tariff hikes in the country as it awaits legal advice. This followed a report from the Committee on Power during Thursday’s plenary. OrderPaper recalls that the Nigerian Electricity Regulatory Commission (NERC) had earlier announced a hike in...

Approve N15bn, N9bn reimbursement to states for Airport construction – Tinubu to Senate

President Tinubu said the state governments had to be reimbursed because the federal government had assumed ownership and control of the airports. President Bola Tinubu has requested the Senate’s approval of the reimbursement of over N15 billion to Kebbi State Government for the construction of Sir Ahmadu Bello International Airport, Birnin Kebbi. In addition, the president requests that the Nasarawa State Government be granted N9 billion in reimbursement for the building of Lafia Cargo Airport...

Senate accuses state governors of misappropriating funds

The Senate called on President Tinubu to immediately halt the allocation of funds to caretaker committee-led Local Government Areas. The Senate has accused State governors of misappropriating funds allocated to Local Government Councils in Nigeria.  This is as it claimed that Area Council chairmen are usually compelled to sign off cheques by State governors, who in turn allocate peanuts to them. This was a sequel to the adoption of a motion during Wednesday’s plenary, to...

Tinubu urges Senate to confirm SEC Board members

Tinubu urged the lawmakers to expedite the screening and confirmation process.  President Bola Ahmed Tinubu has requested the Senate to screen and confirm four persons appointed as members of the Board of the Securities and Exchange Commission (SEC). The President’s request was contained in a letter read by the President of the Senate, Godswill Akpabio during Wednesday’s plenary. READ ALSO: Tinubu appoints Jim Ovia as Students Loan Fund chairman   The appointed members of the SEC...

Senate mandates IGP, security officials to curb killings in Enugu State

The Senate is worried following a massacre in the Nimbo community in the early hours of April 28th 2024, which left over 46 people dead and 14 persons injured, with their houses and other properties completely razed down. The Senate has called on the Inspector General of Police, Kayode Egbetokun, the Chief of Army Staff and the Director General of the Department of State Services to investigate, arrest and prosecute the criminal gangs attacking the...

Breaking: Senate suspends plenary, adjourns to mourn colleague

Late Rep. Dogonyaro, until his death represented the Babura/Garki federal constituency of Jigawa State. The Senate has adjourned its plenary sittings till Wednesday, 15th May, 2024 to mourn its late colleague in the House of Representatives, Rep. Isa Dogonyaro. It also held a minute silence in honour of the late lawmaker This followed a motion by the Deputy Senate Leader, Oyelola Ashiru (APC, Kwara South) calling for an adjournment in line with the traditions of the...

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