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The Federal Government has issued new presumptive tax regulations designed to simplify compliance for millions of micro, small, and medium enterprises (MSMEs). Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced the framework on Wednesday, framing it as a “structured pathway” for informal businesses to enter the formal economy. The rules replace…
The Middle East has plunged into a generational conflict as US and Israeli forces sustain a “broad wave of strikes” designed to dismantle the Iranian state. President Donald Trump, meeting with German Chancellor Friedrich Merz on Wednesday, claimed that two waves of attacks have already killed several figures considered potential successors to Ayatollah Ali Khamenei….
The Federal Government has prohibited the use of roadblocks for tax collection across Nigeria as part of a sweeping reform of informal sector taxation, introducing presumptive tax regulations designed to bring millions of small businesses into the tax net while exempting the poorest enterprises. The Joint Revenue Board, in collaboration with the Federal Ministry…
The Super Eagles head coach has made a decisive call on his goalkeeping department, favouring experience and availability as the team prepares for crucial competitive fixtures later this month. New Super Eagles head coach Eric Chelle has designated Francis Uzoho as Nigeria’s first-choice goalkeeper following the current inactivity of Stanley Nwabali, who remains without…
The Nigerian Army has operationalised 170 forest guards to secure vulnerable communities in the Arewa Local Government Area of Kebbi State. Major General Bemgba Paul Koughna, Commander of Sector 2, Operation FANSAN YAMMA, formalised the deployment on Tuesday at the Kangiwa headquarters. The unit will operate under direct military control to flush out bandits and…
Nigerian households are facing a sharp increase in energy costs as the escalating US-Israel-Iran war disrupts global natural gas production and shipping. Local depot owners raised the price of Liquefied Petroleum Gas (LPG) by an average of ₦100 per kilogram on Tuesday. Major distributors, including Nipco Plc and Navgas Limited, have adjusted their rates to…
The Nigerian currency recorded its second consecutive daily depreciation in both the official Nigerian Foreign Exchange Market and the parallel market, reversing some of the gains achieved during February’s appreciation rally. The naira extended its losing streak against the United States dollar yesterday, depreciating across both the official and parallel foreign exchange windows as…
Liverpool manager Arne Slot offered no excuses after his side’s 2-1 defeat to Wolverhampton Wanderers at Molineux on Tuesday night, describing the result as emblematic of a pattern that has defined his team’s Premier League campaign. The Dutchman did not hide behind misfortune following a stoppage-time deflected strike from Andre that sealed victory for the…
The Federal Government has announced that rehabilitation work on the Kara Bridge section of the Lagos-Ibadan Expressway will resume on Wednesday, March 4. The project, which involves the critical replacement of deteriorated expansion joints, was abruptly suspended on Saturday after construction-induced gridlock paralysed the corridor. Layi Komolafe, the Federal Controller of Works in Ogun State,…
Governor Babajide Sanwo-Olu has approved the redeployment of Dr. Muyiwa John Adetola as the new Accountant-General of Lagos State. The appointment, which includes the role of Permanent Secretary of the State Treasury Office (STO), took immediate effect on Monday, March 2. Adetola succeeds Dr. Abiodun Muritala, who has reached the statutory age for retirement from…
