senate Archives - Page 10 of 33 - Parliament Reports

Senate refutes allegations of self-determined salaries, allowances

Leah TwakiAugust 12, 20243 min

The senate has described the allegations that it determines its own salaries as “uncharitable and satanic.” In a fervent rebuttal, the Nigerian Senate has dismissed allegations suggesting that it determines its own salaries and receives special fiscal packages from the presidency. These claims, which were amplified following a visit by a group of House of Representatives members to former President Olusegun Obasanjo, have sparked significant controversy. The senate has clarified that it only receives salaries...

Senate

Another amendment to 2024 budget, protest appeal | SENATE GIST

Sharon EboesomiAugust 1, 20244 min

Appeal to protesters to halt action, another amendment to the 2024 budget and an increase in CBN’s lending to the government are the issues addressed in the Senate yesterday Senate makes another amendment on 2024 appropriation The senate has passed a bill seeking to amend the long title and certain other clauses of the 2024 appropriation law. In a lead debate, leader of the senate, Sen. Opeyemi Bamidele (APC, Ekiti Central) noted that after critical...

Senate Spotlight

OBITUARY: 10 things to know about late Senator Ifeanyi Ubah

Sharon EboesomiJuly 27, 20243 min

In September 2022, gunmen ambushed Senator Ubah’s convoy in Enugwu-Ukwu, Anambra State, while he was travelling to Nnewi. At least five people were killed, including two police officers. Ubah had survived because the car he was travelling in was bulletproof. Senator Ifeanyi Ubah, the Senator representing Anambra South under the platform of the All Progressives Congress (APC) died on Friday, July 26, 2024 in London. The business mogul and politician had departed Nigeria for the...

Senate

Senate raises windfall tax to 70% in passing finance bill

Sharon EboesomiJuly 26, 20242 min

The Senate warned that any bank that withholds its tax would be liable to pay 10% in addition to what they ought to have paid. The Senate has passed the Finance Act (Amendment) Bill, 2024 and increased the windfall levy on banks’ foreign exchange revaluation gains from 50% as proposed by President Bola Tinubu to 70%. This followed the consideration and adoption of the report of the senate committee on finance presented by its Chairman,...

Senate

Senate summons petroleum minister, NNPCL, CBN, NPA, others over alleged economic sabotage⁩

Sharon EboesomiJuly 26, 20245 min

Members of the committee vowed to unravel the rot in the petroleum sector and declared that it will no longer be business as usual. The Senate through its ad-hoc committee mandated to investigate alleged economic sabotage in the Nigerian petroleum industry, has summoned various stakeholders in the sector for interrogation. The 15-memeber committee led by the leader of the Senate, Senator Opeyemi Bamidele (APC, Ekiti Central), confirmed this while speaking to journalists on Thursday at...

National Assembly Politics

National Assembly passes bill to peg minimum wage at N70,000

Sharon EboesomiJuly 23, 20243 min

The proposed increase in the minimum wage is part of the federal government’s short-term measure to mitigate the hardship situation in the country. The Senate and House of Representatives have passed the national minimum wage bill seeking to increase the lowest wage from N30,000 to N70,000 and to reduce the time for periodic review of the from five years to three years. The passage of the bill followed the first, second and third reading of...

Senate

House helps should earn 70k minimum wage – Senator

Sharon EboesomiJuly 23, 20244 min

If this request is considered and implemented, this would mean that domestic staff will be paid 70k minimum wage monthly. A call has been made for the inclusion of domestic servants as beneficiaries in the N70,000 newly announced national minimum wage. This call was made by Senator Osita Izunaso (APC, Imo West), on Monday during a public hearing on a bill seeking to document and protect domestic workers and employers in Nigeria. Other stakeholders present...

Senate

How house help killed my 3-month old son – senator

Sharon EboesomiJuly 22, 20242 min

Sen. Umeh says the lives of employers of domestic staff should be protected as well as tose of the domestic workers. Senator Victor Umeh (LP, Anambra Central) has lamented over how his 3 months old son was killed by a domestic staff. Senator Umeh disclosed this on Monday while speaking at a public hearing on a bill seeking for an Act to provide for domestication and documentation of domestic workers and employers in Nigeria. The public...

Senate

CBN reiterates commitment to overall economic stability

Sharon EboesomiJuly 21, 20244 min

“Nigeria’s GDP would reach $1 trillion by 2030 at the latest due to the anticipated stability.” Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reiterated the bank’s dedication to putting policies into place that support long-term financial market expansion while maintaining general economic stability. He stated that Nigeria’s Gross Domestic Product (GDP) would reach $1 trillion by 2030 at the latest due to the anticipated stability. In a presentation to the senate...

Senate

Ndume accepts removal as chief whip, rejects tourism committee

Sharon EboesomiJuly 20, 20246 min

On his new appointment as chairman Senate committee on tourism, Ndume says he is not a tourist and cannot accept the job Senator Mohammed Ali Ndume (APC, Borno South) has finally responded to his removal as the chief whip of the Senate. He said he accepted the removal in good faith. Ndume however rejected his new appointment as tchairman senate committee on tourism, saying that he is not a tourist and is not good in...

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