VAT: LAGOS GETS 17%, IMO – 1.716% An analysis of revenue allocation data from Nigeria’s Federation Account Allocation Committee (FAAC) has highlighted some disparities in the redistribution of Value Added Tax (VAT) proceeds among states.Agora Policy, in a data analysis shared on its X account on Tuesday, highlighted inequalities in VAT distribution among states.Data analysis from the policy think tank …

MAN KILLS MOTHER, GRANDMOTHER, SISTER AND CHILD FOR MONEY RITUALIN ENUGU COMMUNITYThe jaw-dropping tragedy happened after a man simply identified as ‘Anaegbuachara’ allegedly killed his mother, grandmother, sister and her child. A dark cloud of sorrow and apprehension has descended over the residents of Amaeze community in Nsukka Local Government Area of Enugu State after four family members were killed …

NORTH MUST NOT TEAR NIGERIA APART – GOWON Former Head of State, General Yakubu Gowon (Retd), has warned that following early agitation for power to return to the northern part of the country, the region must not tear the country apart. Gowon therefore urged northern elites to champion causes that serve the collective interest of Nigeria rather than narrow regional …

PH REFINERY WILL CRASH FUEL PRICE, CREATE JOBS – IPMAN, PETRAON Stakeholders in the oil and gas industry have said the commencement of production at the Port Harcourt Refining Company will engender competition, crash the pump price of petroleum products and create jobs for Nigerians.Recall that the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari …

SOUTHEAST STAKEHOLDERS WANT NNAMDI KANU RELEASED, SIMON EKPA JAILED Reactions have continued to trail the arrest of the self-acclaimed Prime Minister of Biafra, Simon Ekpa, with some South-East indigenes calling for his sentencing in Finland.On Thursday last week, the Finnish authorities arrested Ekpa alongside four others and they were subsequently detained by the Päijät-Häme district court for “spreading terrorist propaganda …

SUPREME COURT GIVES FINAL VERDICT ON AUTHENTIC APGA NATIONAL CHAIRMAN The Supreme Court of Nigeria has upheld the leadership of Sylvester (Sly) Ezeokenwa as the National Chairman of the All Progressives Grand Alliance (APGA). The judgment, delivered on Wednesday, also imposed a ₦20 million fine against Edozie Njoku for filing a frivolous suit at the FCT High Court in Bwari. …

OUR MARKETERS PAID N1,045/LITRE FOR PH REFINERY’S PETROL, SAYS PETROAN facebook sharing buttontwitter sharing buttonemail sharing buttonsharethis sharing buttonwhatsapp sharing buttonThe Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says a litre of premium motor spirit (PMS), also known as petrol, at the revamped old Port Harcourt refinery is N75 higher than the Dangote refinery product. Joseph Obele, the …

UPROAR IN SENATE OVER TINUBU”S TAX REFORM BILLS Wednesday’s plenary at the Senate snowballed into anger and shouting match as the controversial Tax Reform Bill surfaced for debate despite not being captured on the Order Paper. Trouble started when the Senate Leader, Michael Bamidele Opeyemi invoked Order 12(1) suspending the Senate Rules to allow the Chairman of Federal Inland Revenue …

EBONYI GOVT APPROVES PRIVATIZATION OF MEDIA OUTFITS Ebonyi State government has approved the ceding off of the the State-owned Radio and Television Stations, the EBBC, to become an independent outfit. This was contained in a release made available to newsmen by the state commissioner for information and state orientation Jude Okpo after the state executive council meeting on Monday where …

YAHAYA BELLO CREATES SCENE AS JUDGE ANGRILY LEAVES COURTROOM Former Kogi State Governor, Yahaya Bello, who was billed to be arraigned at the FCT High Court on Wednesday, took over crowd control in the courtroom when Justice Maryann Anenih left out of anger. Justice Anenih, who was supposed to take the plea of the former governor and two others, abruptly …

PH REFINERY OPERATING AT 70% CAPACITY, TO BLEND 1.4m LITRES OF PETROL PER DAY The Nigerian National Petroleum Company (NNPC) Limited says the rehabilitated old Port Harcourt refinery is currently operating at 70 percent of its installed capacity. The Port Harcourt Refining Company (PHRC) operates two refineries: the old refinery with a capacity of 60,000 barrels per stream day (bpsd) …

AHEAD OF 2027, ATIKU, OBI MULL NEW POLITICAL PARTY. The presidential candidates of the Peoples Democratic Party (PDP) in the 2023 election, Atiku Abubakar and Labour Party (LP), Peter Obi, are in talks to adopt a new political party ahead of the 2027 polls. Sources reveal that Abubakar and Obi met recently, where they discussed plans to adopt a new …

TINUBU WILL RELEASE NNAMDI KANU – BIANCA OJUKWU The Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, has announced that President Bola Tinubu will release Mazi Nnamdi Kanu, the detained leader of the Indigenous People of Biafra (IPOB). This was made known during the 13th memorial anniversary of the late Dim Chukwuemeka Odumegwu Ojukwu in Owerri on Tuesday. Ambassador …

OBASANJO LAMENTS DEATH RUMOUR CIRCULATING IN SOCIAL MEDIA , SAYS ‘I’M ALIVE’ Former Nigerian President Olusegun Obasanjo has lamented about the social media rumours of his death. President Obasanjo who disclosed that he recently woke up to rumours of his demise circulating on social media expressed shock and disappointment over the false reports, describing them as deeply upsetting. Speaking during …

TRUTH ABOUT THE IGBO NOT SELLING LAND TO NON-IGBO Azuka OnwukaLast week, when I saw the myriads of social media posts criticising newspaper columnist and TV presenter, Dr. Reuben Abati, over his comment on Arise TV on the issue of the Igbo not selling land to non-Igbo, I searched for the video and watched it in full to hear his …