News

SIX KEY PROVISIONS IN TINUBU’S PROPOSED TAX BILL In early October 2024, President Bola Tinubu transmitted the Nigeria Tax Bill 2024 to the National Assembly. The bill is expected to reshape Nigeria’s fiscal framework and establish a comprehensive legal framework governing taxation of incomes, transactions, and instruments. The bill is entitled, “An Act to Repeal Certain Acts on Taxation and …

PRO-WIKE RIVERS LAWMAKERS WITHDRAW COURT AFFIDAVIT CONFIRMING DEFECTION FROM PDP TO APC Hon Martin Chike Amaewhule-led pro-Wike lawmakers in Rivers State have withdrawn part of an affidavit they sworn to at the Federal High Court in Abuja, confirming their defection from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC). The lawmakers’ defection followed a rift between Nyesom …

SENATE CONFIRMS BIANCA, OTHERS AS MINISTERS The Senate on Wednesday confirmed the seven new ministerial nominees forwarded to it by President Bola Ahmed Tinubu. The new ministers confirmed during plenary are Dr Nentawe Yilwatda, (Humanitarian Affairs and Poverty Reduction), Muhammadu Maigari Dingyadi (Labour and Employment), Bianca Odinaka Odumegu – Ojukwu (Foreign Affairs – State). Others are Dr Jumoke Oduwole (Industry, …

TINUBU APPOINTS GENERAL OLUYEDE ACTING CHIEF OF ARMY STAFF President Tinubu has appointed Major General Olufemi Olatubosun Oluyede as acting Chief of Army Staff. This was disclosed in a statement on Wednesday by the presidential spokesman, Bayo Onanuga. “President Bola Ahmed Tinubu, Commander-in-Chief of the Armed Forces, has appointed Major General Olufemi Olatubosun Oluyede as the acting Chief of Army …

DON’T TAKE EVERY ADVICE GIVEN TO YOU BY IMF – JEGA TELLS TINUBU Former Chairman of the Independent National Electoral Commission (INEC), Prof. Attahiru Jega, on Wednesday warned Nigeria against taking all the advices of the Bretton Woods institutions, especially the World Bank and the International Monetary Fund (IMF). He said while it is good and useful to engage with …

SOUTH AFRICA TO REVOKE CHIDINMA ADETSHINA, MOTHER’S CITIZENSHIPS South Africa’s Department of Home Affairs has announced plans to revoke the identity and travel documents of former Miss South Africa finalist, Chidimma Adetshina, and her Mozambican-born mother. The department has concluded its investigation into the duo and handed the case over to the Hawks for potential fraud charges. The decision follows …

ALEX IKWECHEGH, REPS MEMBER WHO ASSAULTED UBER DRIVER TO BE STRAINED IN COURT The Abia federal lawmaker who assaulted an Abuja Bolt driver, Alex Ikwechegh, is scheduled to be arraigned before the Kuje Magistrate Court at 12 noon today, Wednesday. The probe and prosecution of Ikwechegh are being handled by the Inspector General of Police’s Special Investigation Unit. Recall that …

SUPPLY ENOUGH FUEL TO NIGERIANS – TINUBU TELLS DANGOTE, OTHERS President Bola Ahmed Tinubu has urged Nigeria-based refineries to look inward and consider supplying enough petrol and petroleum products for local consumption to stop the persistent reliance on importation. He said this would enable the channelling of foreign exchange into the development of the real sector. The president stated this …

ONLY TWO STATES IN NIGERIA CAN SURVIVE WITHOUT FAAC REVENUE – BUDGIT BudgIT, a civic tech organisation, has said that only Lagos and Rivers states can take care of their operating costs without relying on revenue from the Federation Account Allocation Committee. BudgIT disclosed this in its 2024 State of States Report launched in Abuja on Tuesday. The report stated …

COURT STOPS CBN FROM RELEASING MONTHLY ALLOCATIONS TO RIVERS STATE GOVT The Federal High Court in Abuja has stopped the Central Bank of Nigeria CBN from further releasing monthly financial allocations to the Rivers state government. The court held that the receipt and disbursement of monthly allocations since January this year by Governor Siminalayi Fubara is a Constitutional sommersault and …