The 19th Northern States Governors Forum and the Northern States Council of Emirates and Chiefs have rejected the current tax reform bill forwarded to the National Assembly as it is against the interests of the region. To this end, the Read more…
Category: Business
The Labour Party, LP, presidential candidate in the 2023 general elections, Peter Obi, says power outages and costly petroleum products could lead to increased poverty in Nigeria. Obi stated this in a post on X on Sunday, stressing that the Read more…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday in Washington DC stated that having addressed concerns raised by International Money Transfer Operators (IMTOs) and with the assurances from Nigerians in the Diaspora, the apex bank Read more…
Former Vice President and presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has observed that the ongoing electricity crisis in Nigeria has reached critical levels, particularly affecting the Southeast, Northwest, and Northeast regions, which have faced complete blackouts Read more…
The House of Representatives has resolved to probe the Federal Inland Revenue Service ( FIRS), Corporate Affairs Commission (CAC) and the Nigeria Deposit Insurance Corporation (NDIC) over alleged extra-budgetary expenditure and lopsided employment. The House also resolved to set up an Ad-hoc Read more…
Former Nigerian President, Olusegun Obasanjo has decried the size of debt being owned by the country, years after he left office in 2007. Obasanjo recalled he left the nation with about $70 billion, including a $45 billion reserve and $25 Read more…
President Vladimir Putin met with United Nations Secretary-General Antonio Guterres, who visited Russia for the first time in over two years to attend the BRICS Summit in Kazan. Putin spoke with Guterres behind closed doors on Thursday evening, the final Read more…
The Federal Executive Council (FEC) yesterday approved borrowing roughly $618 million from a group of financiers to buy six Italian-made M-346 attack jets and ammunition for the country’s air force, Information Minister Mohammed Idris said. Earlier this month the air force Read more…
The Central Bank of Nigeria (CBN) has dismissed reports suggesting that the old N200, N500, and N1,000 banknotes will cease to be legal tender on December 31, 2024. In an official statement issued on October 24, 2024, and signed by Read more…
The Presidency has made some clarification regarding President Bola Tinubu’s reshuffling of his cabinet. Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, said ministers were not sacked but discharged. Speaking with TVC, Onanuga said the term “sacked” does not Read more…
Members of the BRICS group are not bound by mutual obligations as is the case with the EU but instead share common goals and interests, Kremlin spokesman Dmitry Peskov has said Speaking to reporters on the sidelines of the BRICS Read more…
United Bank for Africa (UBA) Plc, has announced a Profit before Tax (PBT) of N603.48 billion compared to N502.09 billion recorded at the end of the third quarter of 2023. The PBT figure represents a 20.2 per cent increase compared to Read more…