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Govs Approve Tax Reforms, Push for Revised VAT-Sharing Formula
Nigerian governors have thrown their weight behind the Federal Government’s tax reform bills. But they are proposing a new sharing formula for value-added tax (VAT).
The decision followed a meeting of the Nigeria Governors’ Forum…
Wike Cancels Uzodimma, Diri, and 566 Others’ Land Titles Over Unpaid C-of-O Fees
The Minister of the Federal Capital Territory, Nyesom Wike, has revoked the land allocations of 568 individuals in Maitama II, Abuja, for failing to settle their Certificate of Occupancy bills.
This was disclosed on Thursday by…
OPEC: Dangote Refinery’s Petrol Production Shaking Up Europe’s Market
The Organisation of the Petroleum Exporting Countries (OPEC) says the production of petroleum products by the Dangote Petroleum Refinery has reduced the importation of refined products from Europe.
In its Monthly Oil Market Report…
FG to Sanusi: Reforms Must Not Be Condemned Over Shifting Loyalties
The federal government has responded to Muhammadu Sanusi II, the Emir of Kano, on the economic reforms of the Bola Tinubu administration.
On Wednesday, Sanusi, who was speaking at the 21st memorial lecture of Chief Gani Fawehinmi in…
Sanusi Shares Reasons for Not Helping Tinubu’s Government Explain Its Reforms
Muhammadu Sanusi II, the Emir of Kano, says he will not assist the current administration in explaining its economic policies.
Sanusi spoke in Lagos on Wednesday at the 21st memorial lecture of Chief Gani Fawehinmi organised by the…
Minister Warns Against Phone Tariff Hikes Exceeding 60%
The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has said that a potential tariff increase in the telecommunications sector should not exceed 60 per cent.
He emphasised the need to balance the…
Reps Deputy Chief Whip Adewunmi Onanuga Dies
Adewunmi Onanuga, the deputy chief whip of the house of representatives, is dead.
Akin Rotimi, spokesperson of the lower legislative chamber, announced Onanuga’s passing in a statement on Wednesday night.
Rotimi said Onanuga, who…
Police Anti-Money Laundering Units Introduced by IGP Egbetokun to Curb Fraud
Kayode Egbetokun, inspector-general of police (IGP), has established the anti-money laundering units in the Nigeria Police Force (NPF) to combat financial crimes.
In a statement on Wednesday, Muyiwa Adejobi, force spokesperson, said…
Inflation in Nigeria Hits 34.8% as Yuletide Sales Spike
Bolstered by demands synonymous with the festive season, Nigeria’s headline inflation rate jumped to 34.80% in December 2024 from 34.60% in November 2024, the National Bureau of Statistics said Wednesday.
The apex government data…
Ndume Declares: ‘I Will Never Criticise Tinubu’
The Senator representing Borno South senatorial district, Ali Ndume, has stated that he has too much respect for President Bola Tinubu to be a critic of him.
Sen Ndume has been vocal over the economic situation under Tinubu stressing…
NCC Directs Telecom Companies to Cut Off Nine Banks Over Unpaid USSD Fees
Following a backlog of unpaid debts, the Nigerian Communications Commission has authorised telecommunications companies to disconnect the Unstructured Supplementary Service Data codes assigned to nine financial institutions.
The…
CBN Fines Fidelity, First Bank, Zenith, and Six Others ₦150m Each Over ATM Cash Scarcity
In a clear message of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the…
390 Nigerians Return Home as FG Leads Repatriation from Niger Republic
A fresh batch of 390 stranded Nigerian migrants has been repatriated from Niamey, Niger Republic, as part of ongoing efforts by the Federal Government to reintegrate citizens back into the country.
The returnees, comprising 387 adult…
Google/Ipsos Survey Reveals Nigerians’ Growing Excitement for AI
A new global survey from Ipsos and Google reveals that attitudes towards artificial intelligence (AI) are trending positive as its use becomes more widespread.
The study, "Our Life with AI: From innovation to application," surveyed…
Tinubu: Africa Possesses All It Needs for Self-Development
President Bola Tinubu has called on Africa to act now, saying that the continent has what it takes to develop itself.
He said this in Abu Dhabi, the United Arab Emirates on Monday during a meeting with the Rwandan President, Paul…