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October 28, 2025

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FG Plans New Sharing Formula and Additional VAT Increase

Joseph May 9, 2024
According to the presidential committee on fiscal policy and tax changes, raising the value-added tax (VAT) rate is necessary. The VAT revenue-sharing formula would be…
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Police Look Into E-Money Regarding N1.2 Billion Debt With Lagos Company

Joseph May 9, 2024
The Force Criminal Investigation Department Annex, Alagbon, is looking into the N1, 209,200,000 dispute that the Chief Executive Officer of Emy Cargo and Shipping Services…
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Petroleum marketers criticise FG policies, blaming a lack of refining capacity on shortages.

Joseph May 8, 2024
The current fuel shortage has been blamed by the Independent Petroleum Marketers Association of Nigeria on a mix of uneven government policy in the petroleum…
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Shettima Cancels US Trip, Citing Aircraft Problems

Joseph May 7, 2024
Vice President Kashim Shettima’s intended journey to the US to attend the 2024 US-Africa Business Summit in Dallas, Texas, has been cancelled. Instead, he took…
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Nigerians To Pay Cybersecurity Levy on Transactions Through Banks

Joseph May 7, 2024
In the midst of the continuous suffering that is engulfing Nigeria, deposit money institutions there will now impose a 0.5% cybersecurity fee on all transactions.…
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A man was detained on suspicion of defiling a minor inside a mosque lavatory.

Joseph May 6, 2024
A 40-year-old male worshipper named Abiola, also known as Aro, has been taken into custody by the Ogun State Police Command on charges of defiling…
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Hxxonmobil’s $1.28 billion asset sale to Seplat might be approved by the FG in two weeks.

Joseph May 5, 2024
Executive Secretary of the Nigeria Upstream Petroleum Regulatory Council (NUPRC), Gbenga Komolafe, states that if parties accept two mutually exclusive options regarding decommissioning and host…
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FCMB Bank Manager Given 121 Years Jail Over N112m Fraud

Joseph May 5, 2024
The former manager, First City Monument Bank, FCMB, Onitsha branch, Nwachukwu Placidus, has been sentenced to a cumulative of 121 years in prison for diverting…
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Nigerian Workers Release Breakdown Of Proposed ₦‎615,000 Minimum Wage

Joseph May 4, 2024
Organized Labour, consisting of the Nigeria Labour Congress, NLC, and the Trade Union Congress, TUC, has outlined details of its proposed N615,000 minimum wage. The…
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FG Warns Saboteurs As Power Generation Rises To 4,800MW

Joseph May 3, 2024
The Federal Government says Nigeria’s electricity generation has risen to 4,800 megawatts up from around 3500 in March. This is as the government accused some “cartels…
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