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Over 60 Taxes, Minimal Results: Chairman of Fiscal Policy Committee Criticises System

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has criticised the federal government’s tax system, stating that there is “nothing to show” for the more than 60 taxes and levies collected across the country. Speaking at a Senate plenary on Wednesday, Oyedele said the current fiscal framework stifles growth […]

200 Trucks to Load Daily as Port Harcourt Refinery’s Old Wing Resumes Operations

The presidency has announced that 200 trucks will be loading petroleum products daily from the Port Harcourt Refinery as operations resume at the facility’s Old Wing. Sunday Dare, Special Adviser on Public Communications and Orientation to the President, confirmed this development via his official X (formerly Twitter) handle on Tuesday. “The Port Harcourt Refinery has […]

Yahaya Bello Faces Court Today in High-Profile Fraud Case

Former Kogi State Governor Yahaya Bello has been detained by the Economic and Financial Crimes Commission (EFCC) and is set to appear in court today to face charges of fraud amounting to ₦80.2 billion. Bello, who had reportedly been in hiding since April 2024, was arrested on Tuesday at around 12:55 p.m. and brought to […]

Yahaya Bello Returns to EFCC Amid Ongoing Corruption Probe

Former Kogi State Governor Yahaya Bello has once again appeared before the Economic and Financial Crimes Commission (EFCC) in connection with allegations of fund misappropriation. Sources within the EFCC confirmed that Bello attended the commission’s office on Tuesday, accompanied by his legal team. Contrary to earlier speculation, the current Governor of Kogi State, Usman Ododo, […]

Port Harcourt Refinery Begins Operations After Years of Delays

The Port Harcourt Refining Company (PHRC) in Rivers State has officially begun crude oil processing, marking a significant milestone in Nigeria’s energy sector. The announcement was made by Femi Soneye, Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPCL). “Today marks a monumental achievement for Nigeria as the Port Harcourt Refinery officially […]

Federal Government Defends Application for Fresh Loans Despite Revenue Surplus

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that the Nigerian government must continue borrowing to fund its budget, despite some Ministries, Departments, and Agencies (MDAs) surpassing their revenue targets. Edun made this assertion during an interactive session with the Senate Joint Committees on Finance, National Planning, and Economic […]

Lawmakers Challenge Federal Government’s Persistent Loan Requests

Members of the National Assembly’s Joint Committees on Finance have criticised the federal government’s continued borrowing, despite surplus revenues generated by several MDAs in 2024. During deliberations on the 2025-2027 Medium-Term Expenditure Framework and Fiscal Strategy Paper, lawmakers questioned the rationale behind a $2.2 billion loan request, particularly given the government’s claim of gaining over […]

Akwa Ibom Principal Suspended Over Allegations of Poor Hostel Feeding

The Akwa Ibom State Government has suspended the Principal-General of Presbyterian Senior Science College, Ididep, Nse Sunday Umoh, following allegations of poor feeding in the school’s boarding facilities. In a statement released in Uyo on Saturday, the State Commissioner for Education, Idongesit Etiebet, revealed that the suspension followed an unscheduled visit to the school by […]

Yuletide Cheer: Zenith Bank’s Annual Light-Up Draws Visitors to Ajose Adeogun Street

n line with its long-standing tradition, Zenith Bank has once again ushered in the Christmas season with the grand illumination of Ajose Adeogun Street and Roundabout in Victoria Island, Lagos. The lighting ceremony, held on Saturday, 23 November 2024, was led by the Group Managing Director/Chief Executive of Zenith Bank Plc, Dame (Dr) Adaora Umeoji, […]

Governors Criticise APC Policies, Call for Pro-People Economic Adjustments

The Peoples Democratic Party (PDP) Governors’ Forum has called on President Bola Tinubu to reassess Nigeria’s macroeconomic and fiscal policies to ease the economic hardship caused by recent reforms introduced by the All Progressives Congress (APC)-led Federal Government. President Tinubu’s removal of fuel subsidies and the floating of the naira have led to a sharp […]

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