Tag: Senate
-
Senate Passes Investment and Securities Bill 2024 for Third Reading
The Nigerian Senate has passed the Investments and Securities Bill (ISB) 2024, a legislative overhaul designed to modernize and fortify the country’s capital market. The bill, which seeks to repeal the existing 2007 Investments and Securities Act, represents an effort to align Nigeria’s financial regulations with global best practices and create a more attractive environment…
-
Senate Approves Tinubu’s $2.2 Billion External Loan Request
The Nigerian Senate has granted approval for President Bola Tinubu to secure a $2.209 billion (N1.767 trillion) external loan, which will contribute to financing the N28.7 trillion 2024 budget as outlined in the Appropriation Act. The approval came during Thursday’s plenary following the presentation of the Senate Committee on Local and Foreign Debts report by…