Senate wants NCAA DG Sacked

The Senate on Tuesday reiterated its call that the appointment of the Director General of the Nigeria Civil Aviation Authority, NCAA, Harold Demuren, be terminated. The Senate also directed that the Airlines Operators Certificate, AOC, of Dana Airlines be revoked because it was not issued in full compliance with Nigerian Civil Aviation Regulations 2009. It […]

Senate passes N161.6bn supplementary budget for fuel subsidy

PDF . . The Senate on Thursday passed the supplementary appropriation bill of N161.6 billion. The amount will serve as payment for fuel subsidy to oil marketers for 2012. President Goodluck Jonathan had on Tuesday sent a request to the National Assembly to approve an additional N161.6 billion to ensure steady supply of petroleum products […]

Senate bars CBN from introducing N5,000 notes

Senate said it has directed the Central Bank of Nigeria (CBN) to suspend the introduction of the proposed new N5,000 notes until the apex bank fully and convincingly explains to it and Nigerians the merits of the new currency. Chairman, Senate Committee on Banking, Currency and other Financial Institutions, Bassey Otu, who disclosed this while […]

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