Governors Back Tax Reforms, Propose New VAT Formula
The Nigeria Governors’ Forum (NGF) has rejected any immediate increase in the Value Added Tax (VAT), citing potential economic pressure on businesses and households already dealing with inflation. In a communique issued after a meeting with the Presidential Tax Reform Committee in Abuja yesterday, the governors expressed support for the ongoing legislative process to modernise […]
FG Declares Third Mainland Bridge Safe
Federal Controller of works Lagos, Engineer Olukorode Kesha, says the integrity of the third Mainland Bridge is not in doubt and remains safe to road users. The clarification follows publication on social media which speculated that a joint of the bridge had expanded, calling on Lagosians to avoid the third Mainland Bridge. Upon inspection of […]
Home Eagles To Face Senegal, Congo, Sudan In CHAN 2024 Group D
The home-based Super Eagles will face holders Senegal, Congo and Sudan in Group D at the 2024 African Nations Championship (CHAN), after a six-year absence to the biennial competition The draw ceremony took place at the Kenyatta International Convention Centre (KICC), Nairobi – Kenya last night, for the competition which will be co-hosted by Kenya, […]
Israel and Hamas Reach Gaza Ceasefire Deal
Israel and Hamas have agreed a Gaza ceasefire and hostage release deal following 15 months of war. Qatari Prime Minister Sheikh Mohammed Al Thani said the agreement would come into effect on Sunday, so long as it was approved by the Israeli cabinet. Israeli Prime Minister Benjamin Netanyahu said the deal’s final details were still […]
NCC Orders Telcos to Disconnect Nine Banks over USSD Debt
The Nigerian Communications Commission (NCC) says it has ordered telecommunications companies to disconnect the Unstructured Supplementary Service Data (USSD) codes assigned to nine financial institutions due to unpaid debts. In a signed public notice, the commission said the affected banks must settle their outstanding debts by Jan. 27, 2025 or risk losing access to their […]
Nigeria’s inflation Rate hits 34.80%
Nigeria’s headline inflation rate jumped to 34.80% in December 2024 from 34.60% in November 2024. In its latest Consumer Price Index report released yesterday, the National Bureau of Statistics said the December 2024 headline inflation rate showed a marginal increase of 0.20% compared to the November 2024 headline inflation rate. It attributed the increase to […]
Céline Dion Honors René Angélil: ‘Forever Missed’
Céline Dion paid a heartfelt tribute to her late husband, René Angélil, on the ninth anniversary of his passing. The iconic singer shared a photo on January 14 featuring her three sons, honoring Angélil, who passed away from throat cancer in 2016 at age 73. “René, it’s hard to believe it’s been nine years since […]
Tinubu reaffirms Nigeria’s Commitment to Sustainability
President Bola Tinubu has re-emphasized Nigeria’s commitment to sustainability and its role in shaping a global energy future. Speaking to an international audience of leaders, policymakers, and climate advocates, in Abu Dhabi, UAE, President Tinubu acknowledged the critical need for global collaboration to address the challenges of climate change and economic development. President Tinubu assured […]
CAF Postpones 2024 African Nations Championship to August
The Confederation of African Football, CAF, has postponed the 2024 African Nations Championship to August 2025. The competition to be hosted by Kenya, Tanzania and Uganda, was initially billed for February 1 to 28.CAF President, Patrice Motsepe, announced this today following the advice of CAF Technical and Infrastructure experts, who believe that more time is […]
CBN Sanctions Nine Banks for Failing to Dispense Vash via ATMs
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 yuletide season. The affected banks which include Fidelity Bank Plc, First Bank Plc, Keystone Bank Plc, Union Bank Plc, Globus Bank Plc, Providus Bank Plc, Zenith Bank Plc, United […]
