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SENATE
News and stories about senate
The Senate on Tuesday passed the Nigerian Insurance Industry Reform Bill, 2024.
The Nigerian Senate has approved the 2025–2027 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF-FSP) submitted by the Federal Government, setting the tone for a N47.9 trillion budget proposal for 2025.
A new bill requiring social media platforms, data controllers, and data processors operating in Nigeria to establish physical offices within the country has passed its first reading in the Senate.
Senate on Thursday at plenary approved the new external borrowing plan request of $2.2 billion dollars presented for consideration by President Bola Tinubu.
The Nigerian Senate has called on the Federal Government to significantly increase funding for the country's universities in the 2025 budget to address the numerous challenges plaguing Nigeria's higher education system, particularly the growing brain drain of lecturers and inadequate funding for public universities.
The Nigeria Senate has raised concerns over the $1.5 billion approved in 2021 for the turn-around maintenance of the Port Harcourt Refinery, citing little to no results.
The Senate and the House of Representatives on Wednesday passed a bill to increase the percentage of Ways and Means loans the Central Bank of Nigeria (CBN) can give to the Federal Government.
The Nigeria Senate has approved the bill to increase the national minimum wage from N30,000 to N70,000, effectively making it a law.
The Nigerian Senate has introduced a bill to amend the Central Bank of Nigeria Act 2007, proposing a 900% hike in minimum fine for naira abuse from N50,000 to N500,000.
President Bola Tinubu has dismissed claims that the Senate added more than N3.7 trillion to the 2024 budget, asserting that the legislative body’s reputation remains unblemished.
On Wednesday, President Bola Ahmed Tinubu asked the Senate to pass his proposed bill on new judicial officers' remuneration so they can access fringe benefits among other allowances.
Peter Gregory Obi, the former governor of Anambra State, has charged the Senate to provide clarity on the claim made by Senator Abdul Ningi that an extra N3.7 trillion was added to the 2024 budget.