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COURT GRANTS DELE FAROUNBI N50M BAIL Prominent activist and legal practitioner Dele Farotimi has been granted bail by the Ekiti state high court. The bail conditions include a sum of ₦50 million and a surety of the same amount, with the surety required to possess a landed property. The case has been adjourned to 29 January 2025 for further proceedings. …

IMO STATE HAVING LOWEST RECORD IN VAT EVIDENCE OF OF DYING ECONOMY IN SOUTH EAST – PDP The Peoples Democratic Party, (PDP), Imo State Chapter, has alleged that the recently released data on Value Added Tax, VAT, as generated across the 36 States of the Federation and the Federal Capital Territory, remains a vindication of its previous stand on the …

AFDB, FARMERS HAIL FG’S AGRICULTURAL INTERVENTIONS IN ANAMBRA, ENUGU The Federal Government has been commended for its interventions so far in ensuring that farmers, processors and other players in the agricultural value-chain under the “Agricultural Transformation Agenda Support Programme Phase-One” known as “ATASP-1”, are supported and encouraged to contribute to food security in Nigeria.Some farmers who have benefitted from the …

MARKETERS BEGIN DIRECT LOADING FROM DANGOTE REFINERY The Independent Petroleum Marketers Association of Nigeria has begun lifting Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery, The PUNCH can report.This follows an agreement reached with the refinery last month by IPMAN.Our correspondent learned that IPMAN members have so far lifted millions of litres of petrol from the Dangote refinery located …

YOU’RE CONFUSING YOURSELF WITH TAX REFORM BILLS, IT CONTRADICTS CONSTITUTION – NDUME TO PRESIDENCY The Senator representing Borno South, Ali Ndume, has stated that his stance remains the same on President Bola Tinubu’s tax reform bills. The lawmaker had earlier condemned the timing of the bills, arguing that the focus should be on governance reforms before tax reforms. Speaking further …

DANGOTE, PH REFINERIES: NIGERIANS VOICE OUT FRUSTRATIONS AMID HIGH FUEL PRICE Reactions have continued to trail the persistent high cost of Premium Motor Spirit, PMS, commonly known as petrol in Nigeria despite having two functional refineries in the country: Dangote and Port Harcourt refineries. Many Nigerians say the price of fuel was expected to reduce with the coming on board …

TAX REFORM; NORTHERN GROUPS LIST CONDITIONS Following the opposition, especially from the North against the proposed Tax Reform Bills in the National Assembly, NASS, leading northern groups have listed conditions to stop opposing the bills. They insisted that their opposition to the planned fiscal laws stems from the potential impact of the reforms on the economic conditions of the North. …

CASH SCARCITY PERSISTS ACROSS NIGERIA AS BANKS IGNORE CBN’S ORDER Days after the Central Bank of Nigeria (CBN) issued an ultimatum mandating banks to ensure cash availability at Automated Teller Machines (ATMs) and banking halls, many Nigerians still struggle to access cash. The cash scarcity has pushed Point of Sale (PoS) operators to seek alternative sources of cash, such as …

WAIT FOR 2031 – AKUME TELLS ATIKU, NORTHERN BIGWIGS TO SHELVE 2027 AMBITION The Secretary to the Government of the Federation (SGF), George Akume, has urged the former Vice President, Atiku Abubakar and other northern political bigwigs to shelve the ambition of contesting for the 2027 presidency and wait till 2031.Naija News reports that Akume, who spoke on Sunday while …

FCT POLICE RECOVERS TODDLER TWO MONTHS AFTER KIDNAP FROM PH SCHOOL The police in the Federal Capital Territory (FCT) have recovered a toddler stolen from his school in Port Harcourt. The Commissioner of Police in charge of the territory, CP Olatunji Disu, who handed the child over to his mother today, noted that the baby’s whereabouts were traced using technology. …