Nation

A new excise duty has been introduced by the Federal Government on all carbonated and sweetened beverages commercially available in Nigeria. The new development places a N10 tax on every litre of carbonated, sweetened, and non-alcoholic drinks sold in the country. Excise duty is a kind of tax levied on the manufacturing, licensing, and sale…

The Economic and Financial Crimes Commission, EFCC in an official statement released on Thursday morning has revealed that it secured a total of 2,220 (Two Thousand, Two Hundred and Twenty) convictions across all its Commands in 2021. The figure which emerged from a review of the Commission’s performance in the outgone year, shows that the…

The Nigerian Stock market closed on a bright spot with an enormous gain of ₦450billion yesterday. The upturn in the equity market was realised from gains recorded from the domestic companies of large and medium capitalised stocks, amongst which are; Airtel Africa, Oando, Seplat Energy, Ardova, and Nigerian Exchange Group (NGXGroup). The All-Share Index (ASI),…

The Senate Public Accounts Committee (SPAC) has started probing the Bureau of Public Enterprises  on why they have failed to remit the sum of $679.4million  realised from the concession of various ports to the 23 companies under the Nigerian Ports Authority (NPA) for 10years. The Chairman of the Committee, Matthew Urhoghide centered his investigation to…

Office of the Auditor-General for the Federation, OAuGF, has disclosed that about 12 Ministries, Departments and Agencies of government (MDAs) has refused to remit N5.8 billion worth of taxes. The MDAs concerned are: Nigerian Civil Aviation Authority, Federal College of Freshwater Fisheries Technology, Nigerian Correctional Service, House of Representatives, National Assembly Service Commission, the Senate,…

In an exclusive interview granted to Channels TV on Wednesday, President Muhammadu Buhari has said whenever he hears the word “PDP”; what comes to his mind is “failure”. One of the interviewers, Maupe Ogun, told the President “all we are going to ask you to do is that for these last words tell us what…

Ten of eleven Olubadan-in-Council has today endorsed Dr Lekan Balogun, as the next Olubadan of Ibadanland. This was disclosed by the Osi of Ibadaland at a briefing of Kingmakers on Wednesday after the conclusion of their meeting. Ajibola said the kingmakers unanimously selected Dr. Balogun as the next Olubadan of Ibadan land. The council, however,…

Senator Ifeanyi Ararume has been dropped by Pressing Muhammadu Buhari as Chairman of the Board of the Nigerian National Petroleum Company (NNPC) Limited. The President replaced Ararume with Senator Margret Okadigbo, wife of a former President of the Senate and running mate to President Buhari in 2007 under the All Nigerian Peoples Party, ANPP, late…

The withdrawal of personnel of the Nigerian Army from all custodial centres in Ondo state has been vehemently condemned by the state governor Oluwarotimi Akeredolu in what the described as a clear step to inducing jailbreaks The Governor made his position known In a statement signed by his Chief Press Secretary, Richard Olatunde on Wednesday,…