Minister of Defence, Muhammed Badaru Abubakar, shed light on the alarming nexus between the proliferation of small arms and the escalating incidents of oil theft, illegal crude oil refining, and kidnappings plaguing the volatile Niger Delta region. His remarks sparked concerns over the grave security challenges faced by the nation. The seminar, organized by the…
Minister of Power, Adebayo Adelabu, has staunchly defended the policy to roll back the recently implemented tariff increase for Band A consumers. Adebayo Adelabu highlighted the positive impact of the revised tariff on attracting both domestic and international investors to Nigeria’s energy industry, a crucial step in addressing the country’s long-standing power challenges. The minister,…
The recent directive by the Central Bank of Nigeria (CBN) to impose a 0.005 cybersecurity levy on electronic transactions has ignited a fierce debate across the nation. Advocates argue that it’s a crucial step towards combating the escalating threat of cybercrime, while skeptics raise concerns regarding the timing and transparency of the initiative. One of…
In a proactive move against cybercrime, the Economic and Financial Crimes Commission (EFCC) has struck again, this time in Uyo, Akwa Ibom State. On Thursday, May 2, 2024, operatives from the Uyo Zonal Command of the EFCC conducted an early morning sting operation at Osong Ama Extension, resulting in the arrest of eight individuals suspected…
In a recent visit to the Minister of Works, Sen. David Umahi, the Kaduna State Governor, Uba Sani, expressed his appreciation for the minister’s efforts in advancing the crucial Abuja-Kaduna-Kano road project. Governor Uba Sani commended the minister for aligning his work with the blueprint set forth by President Bola Tinubu, who has vowed to…
An Ekiti State High Court, Ado Ekiti Division, has delivered a landmark verdict, sentencing three individuals to death by hanging for their involvement in armed robbery. The convicted individuals, namely Oyebanji Sola, Jimoh Azeez, and Ogunlade Babatunde, were found guilty of committing a heinous act of armed robbery, shaking the foundations of peace and security…
In a bid to address fiscal imbalances and foster equitable distribution of revenue, the Presidential Committee on Fiscal Policy and Tax Reforms has put forth a bold proposition to overhaul the allocation of Value Added Tax (VAT) revenue. Spearheaded by Taiwo Oyedele, the committee chairman, the proposal advocates for a significant realignment, with states and…
The Central Bank of Nigeria (CBN) has announced the extension of its suspension on processing fees for cash deposits. This decision, which comes as a relief to many, will see the waiver of fees on cash deposits above the threshold of ₦500,000 for individuals and ₦3,000,000 for corporates remain in effect until September 30, 2024….
In a stern warning to public officials, the Economic and Financial Crimes Commission (EFCC) has stated its resolute intention to take strong action against those found guilty of misappropriating public funds. The anti-graft agency made this unequivocal declaration, emphasizing that perpetrators of such crimes will face the full force of the law and will not…
In a dramatic turn of events, the Edo State House of Assembly has suspended three lawmakers amidst allegations of a clandestine scheme to impeach the Speaker and other principal officers. Speaker Blessing Agbebaku made the announcement during a tense plenary session on Monday, sending shockwaves through the political landscape of the state. Among the suspended…
