Money

Senate passes insurance bill mandating N10bn to N35bn capital thresholds

DailyTimesNGR DailyTimesNGR 21 December 2024 0

BY MOTOLANI OSENI The Nigerian insurance industry faces a recapitalisation exercise in 2025 as the Senate has approved the Consolidated Insurance Bill, introducing new capital requirements. The bill specifies minimum thresholds of N10 billion for life insurance firms, N15 billion for non-life

Headlines

Senate set up committee to investigate allegations against Wike- Senator Imasuen

DailyTimesNGR DailyTimesNGR 21 December 2024 0

By Titus Akhigbe The Labour Party (LP) lawmaker representing Edo South Senatorial district in the Senate, Senator Neda Imasuen, on Thursday, said that the senate leadership has begun investigation into the issues raised by Rights activist, Chief Rita Lori-Ogbebor, over the revocation of ownership of a property belonging to her late husband, Col Paul Ogbebor […]

News

Group commends Senate over successful burial, honour for Wayas

DailyTimesNGR DailyTimesNGR 13 December 2024 0

By Haruna Salami The leadership of the Senate has been commended for according the former President of the Senate, late Dr Joseph Wayas, all Parliamentary privileges which led to the final burial of the late Federal Lawmaker. In a letter of appreciation addressed to the President of the Senate, Godswill Akpabio, by The Who Is […]

News

Senate urges FCT minister to suspend demolitions pending investigation

DailyTimesNGR DailyTimesNGR 12 December 2024 0

By Haruna Salami The Senate has urged the Federal Capital Territory Administration (FCTA) to suspend all ongoing demolitions not covered by court orders, pending the outcome of an investigation into the exercise. The resolution was sequel to a motion moved by Senator Ireti Kingibe, (FCT) who expressed concern about the large-scale demolition of structures in […]

Politics

Navy explains grouse against Nigerian Coast Guard

DailyTimesNGR DailyTimesNGR 9 December 2024 0

… as lawmakers, CSOs reject Senate Bill seeking its establishment By Tunde Opalana A Senate bill seeking the establishment of the Nigerian Coastal Guard has suffered a major setback as critical stakeholders rejected it and urged the Senate to put an end to its parliamentary processes. The Nigerian Navy, members of the National Assembly and […]

Headlines

Senate moves to end farmer/herder clashes, summons minister of Livestock

DailyTimesNGR DailyTimesNGR 1 December 2024 0

By Tunde Opalana The Senate has taken a bold step to stem lost of lives and wanting destruction of properties due to incessant clashes between herders and farmers in parts of the country. This is as lawmakers in the Red Chamber of the National Assembly summoned the minister of Livestock Development, Idi Maiha. Chairman of […]

Headlines

Senate moves to end farmer/herder clashes, summons minister of Livestock

DailyTimesNGR DailyTimesNGR 30 November 2024 0

By Tunde Opalana The Senate has taken a bold step to stem lost of lives and wanting destruction of properties due to incessant clashes between herders and farmers in parts of the country. This is as lawmakers in the Red Chamber of the National Assembly summoned the minister of Livestock Development, Idi Maiha. Chairman of […]

Headlines

Tax Reform Bills scale second reading at Senate

DailyTimesNGR DailyTimesNGR 29 November 2024 0

By Tunde Opalana Controversies surrounding the legislative process of the tax reform bills introduced by President Bola Tinubu was doused as the four bills on Thursday passed second reading at the Senate plenary. The passage for second reading followed a comprehensive debate on the general principles of the bills consequent upon presentations made by the […]

News

Renewed Hope Ambassadors Network Commends Senate for Passing Tax Reform Bills At Second Reading

Ihesiulo Grace 29 November 2024 0

***Urges Reps To Justify Nigerians’ Confidence The Renewed Hope Ambassadors Network (RHAN) has hailed the Senate for passing the Tax Reforms Bills for second reading.  The group said by this action, the Senate has demonstrated its commitment to creating a more equitable and prosperous Nigeria for all citizens. According to the RHAN, the passage of […]

News

Senate moves to establish Fed. college of Skills Acquisition &Technology Agulu

DailyTimesNGR DailyTimesNGR 28 November 2024 0

By Haruna Salami The Senate on Wednesday at plenary passed to second reading, a Bill for an Act to establish Federal college of Skills Acquisition and Technology Agulu in Anambra State. The Bill which is sponsored by Senator Victor Chukwunonyelu Umeh (Anambra Central)was unanimously supported by overwhelming majority of Senators present at the plenary. In […]

News

Senate summons Works minister, Julius Berger, CCECC over Odukpani – Calabar highway

DailyTimesNGR DailyTimesNGR 28 November 2024 0

…as Akpabio pleads for road completion for humanity sake By Tunde Opalana The Senate in Wednesday summoned the minister for Works, David Umahi and two construction forms, Messers Julius Berger and CCECC to appear before its committee on Works in the next one week. The one week ultimatum was pronounced at the investigative hearing on […]

Headlines

Tax Reform Bills receives boost as Senate receives Presidential Committee

DailyTimesNGR DailyTimesNGR 28 November 2024 0

…stops Ndume from truncating interactive session By Tunde Opalana Attempt to reform the nation’s tax system by the President Bola Tinubu’s administration receive boost on Wednesday as the Senate allowed into the chamber members of the Presidential Fiscal Policy and Tax Reform Committee to shed light on the proposed tax reform bills. This, however, was […]

News

Senate didn’t abandoned late Ifeanyi Ubah – Spokesperson

DailyTimesNGR DailyTimesNGR 25 November 2024 0

By Haruna Salami The Nigerian Senate has described as untrue, the recent news circulating about the Senate, purportedly failing to play a role in the burial of its late colleague, Ifeanyi Ubah, A statement by the chairman, Senate Committee on Media and Publicity, Yemi Adaramodu, said ” contrary to insinuations in some misinformed quarters, the […]

Headlines

Insecurity: Senate mulls military camp to tackle insecurity in endangered Borno LGAs

DailyTimesNGR DailyTimesNGR 22 November 2024 0

By Haruna Salami The Senate has again reviewed the worsening security situation in the country, particularly Borno State and “urged the Nigerian Armed Forces to establish a super camp at Guzamala Local Government Area and mobilize adequate personnel to secure Abadam and Marte LGAs. The red chamber, which acknowledged the immense sacrifice of the military, […]

News

Child education a right ,not privilege – Senate

DailyTimesNGR DailyTimesNGR 21 November 2024 0

By Haruna Salami The Senate Wednesday declared to Nigerian Children that education is a right and not a privilege for them , which must be claimed and the best made out of it, , by them . Senate’s declaration to this effect was made in commemoration of the 2024 Universal Children’s Day Celebration organized by […]

Politics

Senate holds valedictory session for Senator Ifeanyi Uba

DailyTimesNGR DailyTimesNGR 19 November 2024 0

By Haruna Salami The Senate Tuesday held a valedictory session in honour of the Late Distinguished Senator, Uba Patrick Infeanyi who represented, Anambra South Senatorial District. The Senate Leader, Opeyemi Bamidele informed his colleagues that the only business of the day was a valedictory session in honour of the Late Distinguished Senator Infeanyi Ubah who […]

Politics

Senate calls for reconstruction of Zungeru Bridge

DailyTimesNGR DailyTimesNGR 18 October 2024 0

By Haruna Salami Senate has urged Federal Ministry of Works and Federal Roads Maintenance Agency (FERMA) to embark on repairs, rehabilitation and reconstruction of Zungeru bridge in Niger and Rara bridge in Kebbi states. It said the reconstruction would prevent further collapse of the bridges and loss of lives. Senate resolution is sequel to adoption […]

News

Senate Passes Vote Of Confidence on Senate President

DailyTimesNGR DailyTimesNGR 17 October 2024 0

The Senate on Thursday passed a vote of confidence on the President of the Senate, Godswill Akpabio and the entire leadership of the Senate. Moving a motion for the passing of vote of confidence, Senator Abdul Ningi representing Bauchi Central and supported by Senator Aminu Abass, Adamawa Central, called on all Senators irrespective of party […]

Politics

Senate to issue warrant of arrest against Umahi , Abike Dabiri , others if …..

DailyTimesNGR DailyTimesNGR 14 October 2024 0

By Tunde Opalana The Senate may issue warrant of arrest against top government functionaries for failing to honour invitations by its committee on Ethics , Privileges and Public Petitions. Top on the list of culprit are the Minister of Works , Senator David Umahi , Chairman of Nigerians in Diaspora Commission ( NiDCOM) , Hon […]

Headlines

LG Autonomy: Comply with Supreme Court verdict, Senate tells Govs

DailyTimesNGR DailyTimesNGR 10 October 2024 0

.Warns Govs not to tamper with allocations to 774 councils .NASS will alter any aspect of our constitution to ensure full autonomy for local govt administration-Akpabio By Tunde Opalana The Senate on Wednesday reiterated its support for local government autonomy but strictly warned the 36 state governors not to tamper with allocations to the 774 […]