This represents an increase of 200 basis points from 32 per cent recorded in March 2024, according to an analysis of the Consumer Price Index report released by the National Bureau of Statistics on Wednesday. The Federal Government had ruled out the importation of food as part of strategies to address the high costs of…
The Presidential Fiscal Policy and Tax Reforms Committee (PFPTRC) set up by President Tinubu has hinted of plans to revolutionise Nigeria’s tax system, exempting 95% of the informal sector from all taxes. The Chairman of the Committee, Taiwo Oyedele, who disclosed this to newsmen at the weekend at the end of the close-out retreat of…
Atiku Abubakar, former Vice President of Nigeria, has denounced the federal government’s plan to utilize N20 trillion from pension funds for infrastructure projects, deeming it unlawful. In a Wednesday statement on his social media platform, Atiku emphasized that the law stipulates only 5% of the fund can be allocated to infrastructure projects. He voiced concerns…
President Bola Tinubu has launched three vital gas infrastructure projects in Nigeria, aimed at harnessing the country’s gas resources to drive economic growth and industrialization. The projects include the AHL Gas Processing Plant 2 (GPP-2), the ANOH-OB3 CTMS gas pipeline project, and the ANOH gas processing plant. These projects, completed in just 11 months, will…
The Minister of Women Affairs, Uju Kennedy-Ohanenye, has petitioned the Inspector-General of Police (IGP), Kayode Egbetokun, seeking his support to stop the planned marriage by the Speaker of Niger State House of Assembly, Abdulmalik Sarkindaji Kennedy-Ohanenye also filed for a court injunction to stop the planned marriage of 100 orphans said to be children by…
The federal government has outlined plans to tap from locally available funds such as pension and life insurance to develop infrastructure in the country. Minister of Finance and coordinating minister for the economy, Wale Edun, disclosed this while briefing correspondents at the end of the two-day meeting of the Federal Executive Council (FEC) presided over…
The Lagos State Police Command, on Tuesday, arrested controversial musician, Habeeb Okikiola, popularly known as Portable, for refusing to pay the debt he incurred when he purchased G-Wagon from a car dealer in the state. It was gathered that Portable, during the purchase of the vehicle worth N27m, paid only N13m and had refused to…
The UN has approved Nigeria’s submission, granting sovereignty over additional square kilometres of maritime territory. This was revealed Tuesday after President Bola received the report of the High Powered Presidential Committee (HPPC) on Nigeria’s Extended Continental Shelf Project. The team of experts had worked hard over the years to advance the project, which aimed at…
The Federal Government on Tuesday urged organised labour not to derail the transformation plan in thepower sector Briefing State House correspondents at the end of the two days Federal Executive Council, FEC, meeting, presided over by President Bola Tinubu at the Council Chamber, Presidential Villa, Abuja, the Minister of Power, Chief Adebayo Adelabu, appealed to…
London – based boxer, Sherif Lawal, has died after he collapsed in the ring during his professional debut on Sunday. The 29-year-old was knocked down by Portuguese opponent Malam Varela in the fourth round of a middle-weight bout at Harrow Leisure Centre. Lawal received treatment from paramedics at the scene and was taken to hospital…
