The Senate on Tuesday confirmed Mr. Olayemi Cardoso as Governor of the Central Bank of Nigeria (CBN), CBN. Other nominees who were confirmed as Deputy Governors are: Emem Usoro, Muhammad Abdullahi-Dattijo Philip Ikeazor and Bala Bello. Their screening commenced after hours of closed-door meeting, which was presided by the Senate President Godswill Obot Akpabío, having resumed from a two month …

The  Senate will today (Tuesday) screen the acting Governor of the Central Bank of Nigeria (CBN),  Dr. Olayemi Cardoso, for confirmation, alongside four nominees as Deputy Governors, to steer affairs of the apex bank in the next five years. In a statement on Monday, the Media Office of the Senate Leader, Senator Opeyemi Bamidele said that The Red Chamber, which …

The Senate, through its committee on Finance, has said that Nigeria could generate about $3 billion from solid minerals. In a statement, the Chairman of the Finance Committee, Senator Sani Musa, on Sunday said the informal sector, particularly the mining industry, is a hidden gem in the nation’s revenue potential. He also stated the Senate Finance Committee will seriously look …

The Senate has sought the immediate appointment of an Auditor General for the Federation in compliance with Section 86 of the 1999 Constitution. The upper legislative chamber made this known in a communication to President Bola Tinubu signed by Chairman, Senate Committee on Public Accounts, Senator Aliyu Wadada. It expressed concern that the Office of the Auditor-General for the Federation …

The Senate will today confirm the ministerial nominees forwarded to it for screening and subsequent confirmation by President Bola Tinubu. Before the confirmation, the Senate will first screen the remaining two nominees sent to it by the President on Friday. They are former Minister of State for Labour and Productivity, Barrister Festus Keyamo, (Delta State) and former Commissioner for Higher …

The Senate on Saturday advised President Bola Tinubu, who is also the Chairman of the Authority of Heads of State and Government of the Economic Community of West African States (ECOWAS), to explore diplomatic and political options to address the Niger Republic coup. In a resolution read by Senate President Godswill Akpabio, after a two-hour closed-door session, the Senate also clarified …

The Senate on Tuesday said it would revisit the Central Bank of Nigeria (CBN) Act to address governance gaps in its structure. Senate President Godswill Akpabio gave the hint during the screening of former CBN Deputy Governor, Mr. Adebayo Adelabu, who was nominated as minister by President Bola Ahmed Tinubu. Adelabu had faulted the lack of comprehensive oversight of the …

Amid the impending nationwide strike declared by the Nigeria Labour Congress (NLC), the Senate has issued an urgent plea, requesting that the labour union reconsiders its planned action. The Senate’s appeal stems from a deep concern about the strike’s potentially drastic impact on everyday Nigerians, warning that the nation could be plunged into a state of extreme hardship. Addressing the …

Former Rivers State Governor, Engr. Nyesom Wike, has told the Senate ministerial screening committee on Monday that President Bola Tinubu would not regret nominating him to serve in his cabinet. Wike is the only leader of the main opposition Peoples Democratic Party in the ministerial list of the All Progressives Congress-led administration sent by the President to the Senate last …

The Senate has described as misplaced a comment credited to a leader of the Labour Party, Prof. Pat Utomi, over the decision of the upper legislative chamber to stop the planned increase of electricity tariffs which would further increase the suffering of the masses. In a statement on Sunday in Abuja, the Senate spokesperson, Senator Yemi Adaramodu said: “The Senate …