BizNest Daily

Nigerian Senate approves the Receivables Financing Bill aimed at improving access to funding for small businesses.

Senate Passes Receivables Financing Bill to Boost SME Funding and Trade Growth

The Senate has passed the Factoring, Assignments and Receivables Financing Bill, 2026, a significant piece of legislation aimed at expanding access to finance for businesses, improving liquidity and strengthening both domestic and international trade. The bill successfully passed its third reading during Tuesday’s plenary session after lawmakers reviewed and adopted its provisions in the Committee…

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Senate Leader Opeyemi Bamidele speaking on lawmakers’ salaries and allowances, stating that remuneration for National Assembly members is determined by RMAFC and not by legislators themselves.

Lawmakers Do Not Determine Their Own Pay: Senate Leader Bamidele

Senate Leader, Opeyemi Bamidele, has rejected claims that members of the National Assembly are responsible for fixing their own salaries and allowances, stating that such decisions are exclusively handled by the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC). His remarks came in response to a recent court judgment that declared controversial spending on lawmakers’ vehicles…

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