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Again, Buhari Seeks Senate’s Approval For $5.5bn Loan

The President, Muhammadu Buhari, has asked the Senate to approve a loan of $5.5 billion to fund the 2017 budget. His request was contained in a letter read by the Senate President, Dr. Bukola Saraki, at the plenary on Tuesday. The President also said that the 2017 budget had a deficit of N2.356 trillion. More details coming…

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N30tn Revenue Probe: 11 Companies Appear Before Senate Panel

The threat by the Senate to order the arrest of the managing directors of 33 companies for failing to appear before a Senate investigative panel seems to be yielding results as 11 of the organisation have made an appearance before it. The Senate Joint Committee on Customs, Excise, Tariff and Marine Transport is investigating the loss of nearly N30 trillion ...

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