Nigerian Senate

Senate Rejects Buhari’s Request To Restructure N22.7trn CBN Loans

December 29, (THEWILL) - The Senate on Wednesday, stepped down the request of President Muhammadu Buhari to restructure the payment of N22. 7 trillion “Ways and Means”, secured from the Central Bank of Nigeria (CBN) by the Federal Government. “Ways and...

Senate Passes N819.5bn Supplementary Budget, Extends Implementation Of 2022 Appropriation Act

December 28, (THEWILL) - The Senate on Wednesday, passed the 2022 Supplementary Budget of N819.5 billion. President Muhammadu Buhari had on December 21, requested the passage of a supplementary budget to be financed through additional domestic borrowing. The President had said...

Senate Defers Debate On CBN Withdrawal Limits To Wednesday

December 13, (THEWILL) - The Senate has deferred its debate on the cash withdrawal policy by the Central Bank of Nigeria (CBN) to Wednesday, December 14, 2022. The lawmakers had, last week, fixed Tuesday to debate the cash withdrawal limit...

Cashless Policy Not New – CBN Tells Senate

December 09, (THEWILL) - In defence of its policy to limit cash withdrawal for individuals at N100,000 and corporate bodies N500, 000 per week, the Central Bank of Nigeria (CBN), on Friday, told the Senate Committee on Banking, Insurance...

Senate To Debate CBN’s New Cash Withdrawal Limit Tuesday

December 08, (THEWILL) - The Senate, will on Tuesday, December 13, debate a motion on the new cash withdrawal limit recently announced by the Central Bank of Nigerian (CBN). THEWILL reported that the apex bank, in a memo on Tuesday,...

Senate Summons Finance Minister Over Controversial N206bn In Humanitarian Ministry’s Budget

November 22, (THEWILL) - The Senate has summoned the Minister of Finance, Zainab Ahmed, to explain an allocation of N206 billion inserted into the 2023 budget of the Ministry of Humanitarian Affairs, Disaster Management and Social Development. The invitation followed...

Senate Backs CBN On Naira Redesign, Pledges Legislative Support

November 16, (THEWILL) - The Nigerian Senate has expressed its support for the policy of the Central Bank of Nigeria (CBN) to redesign some naira notes. The CBN had on October 26, announced plans to redesign the N200, N500 and...

2023: Amazons That May Shape 10th Senate

Women have played great roles in the emergence of political leaders under the present democratic setting in Nigeria, but they have not been given their deserved recognition in terms of appointments and elective positions in the country. It is on...

2023: Senators Who Will Not Return to Red Chamber

The National Assembly is currently made up of 109 members. But, according to the list of candidates for the National Assembly election scheduled for February 2023 as released by the Independent National Electoral Commission (INEC) on September 20, 2022,...

Senators Express Divergent Views on 2023 Appropriation Bill

Some senators last Friday, expressed divergent views on the N20.5 trillion Appropriation Bill for 2023. Those who spoke to the News Agency of Nigeria (NAN) said it was a bill of sustainability while others said that there were areas the...
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Moniepoint Backs Cash-Flow Lending as Formal Credit Access Rises to 10 Percent

Moniepoint has backed the expansion of cash-flow-based lending as the Enhancing Financial Innovation and Access (EFInA) Access to Financial Services in Nigeria (A2F) 2026 Survey shows a sharp increase in formal credit access.
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