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NIGERIAN SENATE

News and stories about Nigerian senate

The Senate has approved the 2025-2026 external borrowing plan of $21.5 billion presented by President Bola Tinubu for consideration. 
The Nigerian Senate has approved a second extension of the implementation period for the 2024 capital component of the national budget, shifting the deadline from June 30, 2025, to December 31, 2025.  
The Senate has passed a bill for its second reading that proposes the establishment of a National Agency for Malaria Eradication, reinforcing Nigeria’s commitment to combating malaria effectively. 
President Tinubu has asked the Senate to amend the 2023 Finance Act to impose a one-time windfall tax on the foreign exchange gains realized by banks in their 2023 financial statements.
President Bola Tinubu has written to the Senate requesting an increase in the 2024 appropriation act by N6.2 trillion, from N28.7 trillion to N34.9 trillion. 
The Senate on Thursday rejected a bill seeking to amend the Foreign Exchange Act of 2004 to introduce provisions for the control, monitoring, and supervision of transactions in the Foreign Exchange Market according to reports from the News Agency of Nigeria (NAN).  
The Senate, on Thursday, announced that there was no request from the Presidency to approve the purchase of a Presidential aircraft.
The Nigerian Senate has reacted to a suit claiming it has no plans to return detained Nigerians in Ethiopia.
The Nigerian Senate has approved the imposition of the death penalty for individuals found guilty of drug trafficking within the nation's borders.
The Senate has approved the 2024 Statutory Budget for the Federal Capital Territory (FCT), amounting to N1.282 trillion- an increase of N135 billion from the figure initially proposed by the Ministry of FCT.  
The Senate on Wednesday appealed to the federal government to continue the electricity subsidy amidst the ongoing hardships in the country. 
The senate has confirmed the appointment of Adama Oluwole Oladapo as the Executive Director of the Nigerian Midstream and Downstream Gas Infrastructure Fund Board (NMDGIFB).