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 […]
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 […]
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 […]
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 […]
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 […]
AGN Denies Report of President Emeka Rollas’ Arrest in Abia State
The Actors Guild of Nigeria (AGN) has debunked a viral report that its National President, Emeka Rollas was arrested and detained by the police in Abia State. Online report said Rollas was arrested over the weekend for alleged role in imposition of an unelected chairman on the Abia State chapter of the guild. However, in […]
Former World Heavyweight Champion Tyson Fury Retires From Boxing
Former world heavyweight champion, Tyson Fury, has retired from boxing. The 36-year-old former world champion announced this in a video posted on his Instagram, noting that his boxing career has been a blast and he has loved every single minute of it. Fury last fought in December when he lost his rematch against WBA (Super), WBC and […]
Gaza Ceasefire Deal Close After ‘Breakthrough’ in Doha
Negotiators will meet in Doha today Tuesday seeking to finalise details of a plan to end the war in Gaza after U.S. President Joe Biden said a ceasefire and hostage release deal he has championed was on “the brink” of coming to fruition. Mediators gave Israel and Hamas a final draft of an agreement on […]
National Assembly Threatens to Halt FG Allocations to JAMB Over High Spending
The National Assembly Joint Committee on Finance has threatened to stop the Federal Government’s grant to the Joint Admissions and Matriculation Board (JAMB) in the 2025 budget, citing concerns over excessive spending. This followed the presentation of JAMB’s 2025 budget proposal by its Registrar, Prof. Ishaq Oloyede, to the Senate and House of Representatives Joint […]
FG to Inaugurate Three Equipped Cancer Facilities by May 2025
The Federal Government is billed to inaugurate three major cancer facilities with equipment’s by May 2025, having already flagged off 10 other major cancer diagnostic centres across the country five months ago. Coordinating Minister of Health and Social Welfare, Prof Muhammad Pate, disclosed this yesterday, following the approval of the establishment of six quipped cancer […]
