nigerian senate

  1. Senate Approves Nigerian Insurance Industry Reform Bill, Raising Capital Requirements

    Nigeria Senate Approves Nigerian Insurance Industry Reform Bill, Raising Capital Requirements

    The Nigerian Senate has passed the Nigerian Insurance Industry Reform Bill, 2024, raising minimum capital requirements for insurance businesses. The bill aims to modernize the sector, enhance competitiveness, and impose stricter penalties for operating unlicensed businesses, contributing to...
  2. Akpabio: Senate Won’t Be Bullied on Tax Reform Bills

    Nigeria Akpabio: Senate Won’t Be Bullied on Tax Reform Bills

    The Nigerian Senate has reaffirmed its commitment to advancing the Tax Reform Bills, dismissing claims of suspension. Senate President Akpabio emphasized the chamber’s independence and focus on public interest, confirming that the bills are moving forward with consultations and thorough reviews...
  3. Senate Bows to Pressure, Suspends Deliberation on Tax Reform Bills

    Nigeria Senate Bows to Pressure, Suspends Deliberation on Tax Reform Bills

    The Nigerian Senate has suspended deliberations on controversial tax reform bills after public outcry and political tension. The suspension is aimed at addressing disagreements, particularly over the VAT-sharing formula. A 10-member committee will engage with key officials to resolve the...
  4. Senator Ali Ndume Responds to Critics, Defends Tax Reform Stance

    Nigeria Senator Ali Ndume Responds to Critics, Defends Tax Reform Stance

    Senator Ali Ndume of Borno South has addressed accusations of ignorance, defending his stance on President Tinubu's tax reform bills. He clarified that his years of teaching experience and education in Nigeria and the U.S. contradict claims that his attire and background make him unqualified to...
  5. Tax Reform Bills Pass Second Reading in Senate Despite Opposition

    Nigeria Tax Reform Bills Pass Second Reading in Senate Despite Opposition

    The Nigerian Senate passed four tax reform bills for the second reading, aimed at overhauling the country’s tax system. Despite opposition from some stakeholders, including Northern governors, the bills focus on improving tax coordination, resolving disputes, and reducing the tax burden on...
  6. Rowdy Scenes as Senators Clash Over Tinubu’s Tax Reform Bill

    Nigeria Rowdy Scenes as Senators Clash Over Tinubu’s Tax Reform Bill

    A heated debate erupted in the Nigerian Senate as the controversial Tax Reform Bill was discussed without prior inclusion on the Order Paper. Senator Ndume challenged procedural lapses, sparking a shouting match. Despite objections, the FIRS chairman addressed the chamber, highlighting divisions...
  7. Akpabio Survives Impeachment Threat as Senate Passes Vote of Confidence

    Nigeria Akpabio Survives Impeachment Threat as Senate Passes Vote of Confidence

    The Nigerian Senate has passed a vote of confidence in Godswill Akpabio amid rumors of an impending impeachment. Sponsored by Senator Abdul Ningi, the motion was adopted following discussions addressing allegations against northern senators. The vote reinforces Akpabio’s leadership amid ongoing...
  8. Senate Defends N21 Million Monthly Allocation as Essential Running Costs

    Nigeria Senate Defends N21 Million Monthly Allocation as Essential Running Costs

    The Nigerian Senate has clarified that the N21 million monthly allocation mentioned by Senator Abdurrahman Kawu Sumaila is for running costs, not personal salaries or allowances. Senate spokesman Yemi Adaramodu emphasized that the funds are used for official purposes, including supporting...
  9. Senate Denies Allegations of Self-Determined Salaries Following Obasanjo’s Remarks

    Nigeria Senate Denies Allegations of Self-Determined Salaries Following Obasanjo’s Remarks

    The Nigerian Senate has refuted claims of self-determined salaries and special fiscal perks from the Presidency. Senate Spokesman Yemi Adaramodu emphasized that compensation is set by the Revenue Mobilisation Fiscal Allocation Commission, and constituency project funding follows federal...
  10. Senate Vows to Uncover Economic Saboteurs in Nigeria's Petroleum Sector

    Nigeria Senate Vows to Uncover Economic Saboteurs in Nigeria's Petroleum Sector

    The Nigerian Senate has pledged to uncover economic saboteurs within the petroleum sector and tackle the importation of toxic fuel. The ad-hoc committee, led by Majority Leader Opeyemi Bamidele, promises a thorough investigation and aims to implement global best practices to enhance the industry...
  11. Nigeria’s Senate Quickly Approves Minimum Wage Hike to N70,000

    Nigeria Nigeria’s Senate Quickly Approves Minimum Wage Hike to N70,000

    The Nigerian Senate has swiftly passed a new minimum wage bill, raising the wage from N30,000 to N70,000 in record time. The bill passed through all readings in less than an hour, and reflects urgent economic measures and alignment with current realities. President Tinubu's budget includes N3...
  12. Senate Passes N28.78 Trillion 2023 Supplementary Budget Extension

    Nigeria Senate Passes N28.78 Trillion 2023 Supplementary Budget Extension

    Nigerian Senate extends the 2023 supplementary budget implementation to December 31, 2024, running alongside the N28.78 trillion 2024 budget. Senate President Akpabio emphasizes the move's importance for completing projects. The decision highlights Nigeria's complex budgeting process and efforts...
  13. Nigerian Senate President Insists Cows Are Not Citizens to Counter Arguments from the Floor

    Nigeria Nigerian Senate President Insists Cows Are Not Citizens to Counter Arguments from the Floor

    Northern senators face backlash for proposing a bill declaring cows as "citizens of Nigeria" and advocating for their protection. Social media erupts with criticism over misplaced priorities and competency. Northern senators faced backlash after proposing a bill asserting cows as "citizens of...
  14. Ethnic Tensions Flare in Senate as Bill to Establish Ranches Commission Stirs Debate

    Nigeria Ethnic Tensions Flare in Senate as Bill to Establish Ranches Commission Stirs Debate

    Deputy Senate President Jibrin Barau opposes the National Animal Husbandry and Ranches Commission bill, arguing it breaches constitutional rights by relocating Fulani herders to their states of origin. Despite his objections, the Senate passed the bill for further review, sparking a debate on...
  15. Senate Passes Bill to Increase Judicial Pay: CJN to Earn N64 Million Annually

    Nigeria Senate Passes Bill to Increase Judicial Pay: CJN to Earn N64 Million Annually

    The Senate passed a bill to increase the salaries of Nigerian judicial officers. If approved, the Chief Justice of Nigeria would earn N64 million annually. President Tinubu advocated for the bill, emphasizing its importance in enhancing the judiciary's welfare and independence. The Nigerian...
  16. Bill to Ban Open Grazing Passes Second Reading in Senate

    Nigeria Bill to Ban Open Grazing Passes Second Reading in Senate

    The Nigerian Senate has advanced a bill banning open grazing to prevent farmer-herder conflicts, advocating for ranching instead. Proposed by Senator Titus Zam, the bill also calls for a national summit and public hearing. It now awaits review by the Senate Committee on Agriculture and related...
  17. Nigerians Clash Over Senate's Decision to Revert National Anthem

    Nigeria Nigerians Clash Over Senate's Decision to Revert National Anthem

    The Nigerian Senate's approval of a bill to revert to the old national anthem has sparked debates, with some praising its emotional resonance while others condemn it as a distraction from pressing issues like the economy and security. A wave of reactions has flooded social media after the...
  18. Nigerian Lawmakers Pass Bill to Reintroduce Old National Athem

    Nigeria Nigerian Lawmakers Pass Bill to Reintroduce Old National Athem

    The Nigerian Senate has approved a bill to reintroduce the old national anthem, 'Nigeria, We Hail Thee,' following a report from the judiciary committee. The decision has sparked mixed reactions, with supporters emphasizing its emotive value while critics question its priority amidst pressing...
  19. Nigerians React as Senate Considers Return to 1960 National Anthem

    Nigeria Nigerians React as Senate Considers Return to 1960 National Anthem

    The Nigerian Senate is considering a bill to reinstate the 1960 national anthem, "Nigeria, We Hail Thee," which could pass its first and second readings today. This proposal has sparked debate among Senators and the public, with many criticizing the move amid the country’s pressing economic...
  20. Nigerians Question Senate's Priorities as Senators Bicker Over Seating Arrangements

    Nigeria Nigerians Question Senate's Priorities as Senators Bicker Over Seating Arrangements

    Amidst the highly anticipated return to its refurbished chamber, the Nigerian Senate found itself embroiled in a tumultuous session marked by a heated dispute over seating arrangements. The commotion erupted when Senators Danjuma Goje and Sahabi Yau, representing Gombe Central and Zamfara North...
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