The National Assembly on 29th March, 2023, passed the Investment and Securities Bill 2023, which includes provisions for possible jail sentences for those who promote Ponzi schemes in Nigeria. The bill awaiting presidential assent to become law, is expected to aid the…
The National Assembly on Wednesday 28th December 2022 passed the 2023 budget proposal after increasing it from N20.51tn to N21.82tn. The Ministries of Defence and Health recieved the priority, while the Nigerian Army, Navy, Nigeria Police Force, and ministries of Agriculture, Health,…
The Senate has urged the Central Bank of Nigeria, CBN, to extend its deadline of phasing out of circulation of old N1,000, N500 and N200 notes from January 31st to June 30th, 2023. Senator Ali Ndume Senator Ali Ndume, representing Borno South,…
The Senate has received President Muhammadu Buhari‘s Money Laundering and Terrorism Prevention Bill for quick consideration and passage. The proposals were accompanied by a letter from Senate President Ahmad Lawan, which was read at the commencement of the plenary on Thursday, 14th…