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FG Simplifies Withholding Tax Regime, Eases Business Compliance

The Federal Government has introduced a simplified and business-friendly withholding tax regime, as announced by Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee. The new regime aims to address the challenges of the existing system, which was established in 1977 to combat tax evasion and ensure a steady revenue flow. Over […]

EFCC Reveals N30bn Crime Proceeds Linked to Mompha’s Accounts

The Economic and Financial Crimes Commission (EFCC) has informed a Lagos High Court in Ikeja that N30 billion, suspected to be proceeds of crime, were channeled through the account of alleged internet celebrity Ismaila Mustapha, popularly known as Mompha. This revelation was made by Idi Musa, a staff member of the Land and Property Fraud […]

NDLEA Raids Drug Party in Abuja, Arrests 60 Suspects

The National Drug Law Enforcement Agency (NDLEA) arrested 60 individuals—25 males and 35 females—at a drug party in Abuja on Friday night. The arrests were made following credible intelligence about the event, organized by one Stanley Ikechukwu, who was also apprehended at the venue. According to a statement by NDLEA spokesman Femi Babafemi, the party, […]

President Bola Tinubu has approved the immediate implementation of the National Construction and Household Support Programme, which will cover all six geopolitical zones in Nigeria. During a National Economic Council (NEC) meeting in Abuja, Tinubu urged governors to submit within seven days the lists of support required by their states to alleviate the suffering of […]

JAMB Releases 2024 Supplementary UTME Results

The Joint Admissions and Matriculation Board (JAMB) has announced the release of the results for the supplementary Unified Tertiary Matriculation Examination (UTME), which took place on Friday, June 21, and Saturday, June 22, 2024. This supplementary exam was conducted for 28,835 candidates who could not be biometrically verified during the main 2024 UTME and thus […]

Governors Promise Improved Wages from Current Negotiations with Labor

The Nigeria Governors’ Forum (NGF) has assured Nigerians that the ongoing negotiations between the government, private sector, and organized labor will result in better wages for workers. Following a meeting in Abuja on Wednesday, the governors issued a communique stating, “The governors agreed to continue engaging with key stakeholders to reach a mutually agreeable solution. […]

NDLEA Confiscates ₦4bn Shipment of Codeine-Laced Cough Syrup

The National Drug Law Enforcement Agency (NDLEA) in Rivers State has seized a shipment of codeine-laced cough syrup valued at approximately ₦4 billion over the past two weeks. Stella Ngwoke, Commander of the NDLEA at Onne Port, announced the seizure during an event on Wednesday commemorating the 2024 International Day Against Drug Abuse and Illicit […]

CBN Reports $24bn Forex Inflow in Q1 2024, Highest Since 2021

Nigeria recorded a total foreign exchange inflow of approximately $24 billion in the first quarter of 2024, according to the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso. He made this disclosure during an interview with Bloomberg TV in London on Tuesday. Cardoso stated that this inflow is about 50 percent higher than […]

FEC Defers Minimum Wage Decision for Further Stakeholder Consultations

The Federal Executive Council (FEC) has postponed deliberation on a new minimum wage memo to allow President Bola Tinubu to conduct further consultations with stakeholders. Minister of Information and National Orientation, Mohammed Idris, announced this decision during a briefing with State House correspondents on Tuesday. President Tinubu is reviewing the report submitted by the Tripartite […]

Afrobeat Star, Davido, Marries Chioma in Star-Studded Ceremony

Afrobeat star Davido has tied the knot with his long-time sweetheart Chioma Rowland in a lavish ceremony attended by top celebrities and dignitaries. The event took place on Tuesday at Harbour Point in Victoria Island, Lagos State, and generated significant buzz on social media. The ceremony came two weeks after Davido confirmed his wedding to […]

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