JUST IN: Senate Advances Tinubu’s Tax Reform Bills to Next Stage
The Senate has approved President Bola Tinubu’s four proposed tax reform bills for a second reading. Majority Leader Opeyemi Bamidele explained that the reforms aim to simplify tax collection, reduce burdens on small businesses, and address double taxation. The bills propose allocating 55% of VAT revenue to states and granting tax exemptions on salaries below […]
N110B Case: Former Kogi Governor Yahaya Bello Remanded by Court; Bail Decision Set for December 10
Justice Maryanne Anenih of the Federal Capital Territory High Court in Abuja has ordered the remand of former Kogi State Governor Yahaya Bello in EFCC custody. Bello, along with Shuaibu Oricha and Abdulsalam Hudu, faces 16 charges from the EFCC. The court will decide on his bail application on December 10, 2024.
JUST IN: Port Harcourt Refinery Petrol Costs ₦75 More Than Dangote Refinery
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) announced that petrol from the recently reopened Port Harcourt Refinery is priced ₦75 per litre higher than that produced by the Dangote Refinery.
2025 Budgets: Experts Warn Recurrent Costs Could Stifle Development
Thirteen Nigerian states have proposed a combined budget of ₦9.07 trillion for the 2025 fiscal year, with ₦3.87 trillion (42.7%) allocated for recurrent expenditure and ₦5.845 trillion (57.3%) earmarked for capital projects. Recurrent expenditure includes salaries and administrative costs, while capital spending focuses on long-term infrastructure and development. Highlights by State:• Lagos: ₦3.005tn; 41.3% for […]
Port Harcourt Refinery Finally Begins Crude Oil Processing
The Port Harcourt Refining Company (PHRC) in Rivers State has officially begun processing crude oil, marking a major milestone in Nigeria’s push for energy independence. This development was announced 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 […]
‘That Is Not Who We Are’: Sanwo-Olu Suspends Aide Over Claims of Extra-Judicial Executions in #EndSARS Arson Case
Lagos State Governor Babajide Sanwo-Olu has suspended his Senior Special Assistant on Print Media, Wale Ajetunmobi, following a controversial tweet on his personal X account. The now-deleted post alleged that arsonists who burned down TVC during the 2020 #EndSARS protests were “hunted down and executed,” including a young trader allegedly found with an AK-47 rifle. […]
JUST IN: EFCC Arrests Former Kogi Governor Yahaya Bello
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Yahaya Bello, the former governor of Kogi State. Usman Ododo, the current governor of Kogi, reportedly brought Bello to Abuja this morning and called on the EFCC to take him into custody. Details to follow.
Edo State Governor, Monday Okpebholo Launches Probe into Obaseki’s Administration: ‘Accountability Starts Now’
Edo State Governor, Senator Monday Okpebholo, has announced the formation of a 14-member State Assets Verification Committee to investigate the handling of state resources during Godwin Obaseki’s tenure. The committee, chaired by Dr. Ernest Afolabi Umakhihe, will be inaugurated on November 26, 2024, at the Government House, Benin City. The governor’s spokesperson, Fred Itua, stated […]
$2.2 Billion Loan Request Sparks Rift in House: ‘Borrow for Progress, Not Waste,’ Lawmakers Warn
The House of Representatives is set for a heated debate over President Tinubu’s $2.2 billion loan request, aimed at addressing the N9.7 trillion deficit in the 2024 budget. While the Senate has already approved the request, lawmakers in the House are divided. Deputy Spokesman Philip Agbese assured Nigerians that the loan would support critical infrastructure […]
House of Reps Rejects Six-Year Single Term Bill
The House of Representatives has rejected a bill proposing a six-year single term for Nigeria’s president and governors, as well as other significant constitutional amendments. Sponsored by Ikeagwuonu Ugochinyere and 33 other lawmakers, the bill also advocated for rotating executive powers among the six geopolitical zones to promote equity and reduce state creation agitations. The […]