This CBN amendment bill, aimed at refining certain provisions of the CBN Act 2007, carries significant implications for Nigeria’s financial landscape. The Central Bank of Nigeria (CBN) Act 2007 stands as a cornerstone of Nigeria’s financial regulatory framework, outlining the roles, functions, and powers of the apex bank. Recently, the Nigerian Senate has brought forth a significant development in the form of the CBN Amendment Bill, aiming to revise certain provisions of the existing Act....
Of the N1.147 trillion budget indicated, N140 billion was earmarked for personnel cost, while N280 billion was earmarked for overhead as well as N726 billion for capital projects. The Senate has passed for a second reading a sum of N1.1tn Federal Capital Territory 2024 Appropriation Bill. The bill titled, “2024 Federal Capital Territory (FCT), Appropriations Bill 2024, (SB 397),” was sponsored by Senator Opeyemi Bamidele (APC, Ekiti Central) during Thursday’s plenary. Out of the N1.147...
President Tinubu forwarded a correspondence to the National Assembly seeking the repeal of the existing Act. President Bola Ahmed Tinubu has forwarded a letter to the Senate and the House of Representatives, seeking a repeal and re-enactment of the Access to Higher Education Act, 2023, otherwise known as the Student Loan Act. President Tinubu’s letter came in during Thursday’s plenary at both chambers a day after the announcement of a temporary suspension of the commencement...
Senator Sumaila Kawu was also replaced with Senator Tahir Monguno as the new Northern Senators Forum (NSF) Publicity Secretary  Barely 48 hours after the resignation of Senator Abdul Ningi (PDP, Bauchi Central) as Chairman of the Northern Senators Forum (NSF), Senator Abdulaziz Yar’Adua (APC Katsina Central), has announced his emergence as the new Chairman. This was a sequel to the unanimous endorsement by Senators across the three geo-political zones in the North who also appointed...
World Kidney Day is a health awareness campaign focusing on the importance of the kidneys and overall health as a way of reducing the frequency and impact of kidney disease. The Senate has called on the federal government and other stakeholders to launch an extensive public education campaign to raise awareness about kidney disease prevention, risks and available treatment. This is as it resolved to call the attention of members of the Committee on Health...
Ningi’s recent actions have thrust him into the spotlight, leading to a three-month suspension. Senator Abdul Ningi (PDP, Bauchi Central), a seasoned figure in the Nigerian political landscape, has found himself recently at the centre of a storm in the National Assembly. Over three hours of energy and resources were expended during Tuesday’s plenary in the red chamber as Senators unleashed their plight on the budget padding allegations by Senator Ningi and voted in favour...
The difficulty caused by cancer and the increasing number of patients in Nigeria is very frightening and requires immediate action to cushion the effect on diagnosed persons. The cancer scourge, which has claimed many lives due to the financial constraints of affected persons has prompted the House of Representatives to move for free cancer treatment in Nigerian teaching hospitals to reduce the death of patients. Reports indicate that Nigeria has one of the highest cancer...
The Senators from the Southern part of Nigeria revived the Forum nine months after the inauguration of the 10th Assembly. Amid the turmoil within the Northern Senators Forum (NSF), which saw Senator Abdul Ningi (PDP, Bauchi Central) serving as Chairman until his suspension from the Senate over allegations of 2024 budget padding, the Southern Senators have revived their forum. The Senators from the Southern part of Nigeria revived the Forum nine months after the inauguration...
The suspension of both the Minister and the dismissal of the National Coordinator of the Social Investment Program led to the cessation of these crucial assistance programs. The House of Representatives has asked the federal government to immediately resume the disbursement of funds for the N-Power and other Social Investment Programmes (SIP) to cushion the effects of hardship faced by vulnerable Nigerians. The lawmakers made the call sequel to a motion of urgent national importance...
Speaking to the Nigerian Senate about the security situation in the Federal Capital Territory (FCT), Minister Nyesom Wike noted that there have been positive developments in reducing it. The Senate, in the early hours of the day’s plenary, resolved into a closed-door session to meet with the Minister of the Federal Capital Territory, Nyesom Wike, and the Commissioner of Police, Benneth Igwe. The closed-door session began at 12:18 pm and ended at 1:50 pm following...
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