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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 […]

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 […]

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 […]

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 […]