The Senate during Tuesday’s plenary session has formally received an official executive communication from His Excellency, President Bola Ahmed Tinubu requesting the screening and confirmation of six nominees for appointment as Executive Directors of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The Senate also passed a landmark bill seeking to strengthen the regulation of major financial technology (Fintech) companies and non-bank financial institutions, empowering the Central Bank of Nigeria (CBN) to subject high-impact operators to enhanced regulatory oversight after a presentation and consideration of report submitted by Sen. Adetokunbo Abiru, Committee Chairman on Banking and Finance.
In addition, the Senate has issued an urgent warning to aviation authorities, stating that frequent, uncoordinated airport closures and airspace restrictions for Very Important Personalities (VIPs) could lead to a major aviation disaster.
Furthermore, three bills were introduced and scaled through First Reading. They are:
- Federal Competition and Consumer Protection Act (Repeal & Enactment) Bill, 2026 (SB. 1090) sponsored by Sen. Barau Jibrin scaled First Reading.
- Strategic Intelligence Management Institute (Establishment) Bill, 2026 (HB. 2589) sponsored by Sen. Bamidele Michael Opeyemi scaled First Reading.
- Fiscal Responsibility Act (Amendment) Bill, 2026 (SB. 1091) sponsored by Sen. Oyewumi, Kamorudeen Olalere scaled First Reading.
Lastly, the Senate has called on the federal government to provide substantial financial compensation to the nation’s Under-17 women’s national football team, the Flamingos, while announcing a direct donation of one hundred million naira to celebrate their unprecedented victory.
