Senate Mulls Six-Year Tenure For CBN Gov

The upper legislative chamber Senate has set machinery in motion for amendment of the Central Bank of Nigeria, (CBN) Act, 2007, which will among others, make tenureship of Governor of the apex bank to six years single term as against renewable five years in the extant act. It also proposed N1trillion recapitalization for commercial banks…

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Senate Adjourns Plenary Till Feb 6

The Senate today adjourned plenary till February 6 to allow preparations for the February 3 bye- elections across the country After taking the business of the day, the Senate thereafter adjourned plenary till Tuesday, February 6. Senate President, Godswill Akpabio, at the end of the session said, “In view of the elections in about 36…

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Insecurity: Senate Summons Security Chiefs

The Nigerian Senate has summoned security chiefs for an interaction, following the escalating insecurity in the country, with a specific date to be decided later. Rising from a meeting that lasted over three hours, the senate condemned the increasing incidents of kidnappings, banditry and the outright murder of innocent citizens by criminals. Senate Leader, Michael…

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