The National Assembly joint committee on Appropriations has raised concerns over the impact of tax waivers on the nation’s revenue. The committee, led by Senator Adeola Olamilekan, emphasized the need for the federal government to discontinue the practice of granting tax concessions to corporate entities. According to the committee, the country is experiencing significant revenue…
Justice A.A Bello of the Kaduna State High Court has delivered a decisive verdict, convicting and sentencing Zulayman Haruna, a fake United States military officer, to two years in prison. The judgment came after Haruna pleaded guilty to a one-count charge of internet fraud, as presented by the Economic and Financial Crimes Commission (EFCC) at…
On the sidelines of the ongoing UN Climate Change Summit, COP28, in Dubai, Nigeria-Germany have inked a monumental deal—the Presidential Power Initiative (PPI). The agreement, graced by Nigerian President Bola Tinubu and German Chancellor Olaf Scholz, aims to infuse a staggering 12,000MW into Nigeria’s national grid. The signing, spearheaded by Kenny Anuwe of the Federal…
In a troubling development, Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), remains confined in the Department for State Service’s solitary confinement. This has sparked widespread concern as his continued detention is viewed by many as a blatant violation of his rights, with the IPOB’s lead counsel, Ifeanyi Ejiofor, asserting that it…
In a pivotal ruling, the Supreme Court, led by Justice Inyang Okoro and a seven-man panel, declared the sustained validity of both the old and redesigned Naira banknotes beyond the initial December 31 deadline. The decision mandates these banknotes to remain in circulation until the Federal Government, in consultation with relevant stakeholders, reaches a conclusive…
A stark warning reverberated through the corridors of legislative power as the House of Representatives Committee on Health laid bare a pressing issue—Nigeria’s diminishing health workforce. This revelation comes as a clarion call to address the critical state of the country’s healthcare system. At the epicenter of this concern is the prestigious Lagos University Teaching…
Nigeria: President Bola Tinubu has submitted a proposal to the Senate, seeking approval for a substantial loan amounting to $8.6 billion and an additional €100 million. These funds are specifically earmarked for crucial national projects across various sectors of the economy. This announcement came to light during the Senate’s plenary session on Tuesday, relayed by…
The Ibadan Zonal Command of the Economic and Financial Crimes Commission (EFCC) has successfully secured the conviction and sentencing of thirty-three individuals involved in internet fraud. The convictions were handed down by Justices Ladiran Akintola, Adebukola Olajide, M.O. Ishola, B.B. Adebowale, and Uche Agomoh of various high courts in Oyo and Ogun states. The accused…
A precise operation carried out on November 24, 2023, by the Nigerian Air Force (NAF) executed a targeted air strike on a gathering of terrorists located within the Mandara Mountains. The strike, a significant success for the Air Component of Operation Hadin Kai, targeted three zinc structures nestled among trees, where over a hundred heavily…
In a move towards realizing Nigeria’s ambitious “Decade of Gas” vision, Riverside LNG has sealed an agreement to supply 850,000 tons of gas to Germany. Facilitated through Johnny Schuetze Energy Import, this monumental deal marks a critical step in leveraging Nigeria’s abundant gas resources for global partnerships. This groundbreaking agreement not only signifies a strategic…
