EU declares Nigeria’s VAT rate of 7.5 per cent as low and inefficient
Massimo De Luca, Head of Cooperation and Delegation of the EU to Nigeria and ECOWAS, gave the verdict at the 4th Session of the Steering Committee of the Support Programme for Fiscal Transition in West Africa (PAFT) in Abuja, yesterday. According to the EU official, VAT administration in the country also lacks transparency, as Businesses […]
EFCC intercepts 21 food trucks heading to neighbouring countries
Announcing the seizure made by operatives of the Maiduguri Zonal Command, in a statement on its X handle on Tuesday, the anti-graft agency said the items were heading towards N’djamena, Chad Republic, Central African Republic, and Cameroon. The commission stated that the arrest of the trucks is expected to stem the tide of food insecurity […]
Cryptocurrency exchange, Binance, has announced plans to discontinue all services related to the Nigerian naira
Binance, a cryptocurrency exchange platform, was accused of exploiting the Nigerian currency, Naira, leading to its free fall in value. The company is, in addition, facing allegations of terrorism financing, money laundering and tax invasion, among others. Nigeria is one of the largest peer-to-peer crypto markets in the world. Between July 2022 and June 2023, […]
Amidst the current challenges Nigerian economy is not distressed
President Bola Tinubu on Tuesday, said Nigeria is currently facing challenging times but its economy is not distressed. The President, represented at the event by Minister of Information and National Orientation, Mohammed Idris, spoke at the 16th edition of the Leadership 2023 conference and Awards, saying the country is facing some challenges but not helplessness. […]
ICC issues arrest warrants for top Russian commanders
The International Criminal Court (ICC) has issued arrest warrants for top Russian commanders over alleged war crimes in Ukraine. Sergei Kobylash and Viktor Sokolov, an army lieutenant general and a navy admiral, are the two men named by the ICC. This is the second round of warrants for Russian officials related to the war in […]
Tems to be awarded at the annual women in music event
Nigeria singer, Temilade Openiyi popularly known as Tems has been shortlisted to be awarded at the annual women in music event organised by Billboard. The “women in music” honour women from different music professions in various categories. Tems will be awarded as Billboard’s Women In Music Breakthrough Artist honoree for the year on March 7 […]
Beyoncé’s ‘Texas Hold ‘Em’ has topped the Billboard Hot 100 Chart for a second consecutive week.
‘Carnival’ by Kanye West and Ty Dolla Sign featuring Rich The Kid and Playboi Carti, holds the second spot on the chart while ‘Lovin On Me’ by Jack Harlow is rated third ‘Beautiful Things’ by Benson Boone, ‘Lose Control’ by Teddy Swims and ‘Saturn’ by SZA were rated fourth, fifth and sixth respectively on the […]
The Minister of FCT, Nyesom Wike, says the Wuye/Wuse Flyover is 85 per cent completed and will be inaugurated in May
Speaking after inspecting the project, and the 11-kilometre (km) six lane dual carriage expressway linking Airport Expressway to Kuje, Wike added that the road from Kuje to Airport Expressway, when completed, would open the area for transformative economic growth and development. The minister, who equally visited the vice-president’s residence being handled by Julius Berger, expressed […]
NEMA declares that warehouse looted in Abuja on Sunday did not belong to it
The National Emergency Management Agency (NEMA) has declared that the warehouse looted in Abuja on Sunday did not belong to it, but sympathises with the true owners. Residents of the area said youths broke into the warehouse located around Tasha in Gwagwa area of Abuja in the early hours of Sunday and looted bags of […]
NCC Orders Telcos to bar Subscribers not linked to NIN
The Nigerian Communications Commission (NCC) has issued a directive to telecom service providers to bar subscribers who have failed to link their phone numbers to their National Identification Numbers (NIN) on or before February 28, 2024. The Executive Vice Chairman of the Commission, Aminu Maida, who gave the directive through the Director of Public Affairs, […]