In a move to ensure stakeholder alignment, the National Economic Council (NEC) has recommended that the federal government withdraw the recently proposed Tax Reform Bill from the National Assembly. NEC’s decision, led by Vice President Kashim Shettima, reflects concerns raised by key stakeholders, including regional leaders, over the bill’s potential economic impact, especially on Value […]
Category archives: News
Tinubu to Withdraw Tax Reform Bill Amidst Widespread Opposition
President Bola Ahmed Tinubu’s administration is set to withdraw the Tax Reform Bill presented to the National Assembly two months ago, following significant backlash. The opposition, led by northern governors and traditional rulers, centers on concerns about proposed changes to the Value Added Tax (VAT) distribution, which they believe could disproportionately affect the North’s economic […]
Rivers State Government Debunks Claims of Governor Fubara Shutting Down NNPCL and Oil Companies
The Rivers State government has dismissed as false the circulating claims that Governor Siminalayi Fubara has ordered the shutdown of the Nigerian National Petroleum Company Limited (NNPCL) and other oil companies operating in the state. This clarification follows a social media report alleging that Fubara had issued such a directive. In a statement issued by […]
FG Announces Dollar Deposit Program with No Penalties or Taxes, Grants Nine-Month Window
The Federal Government of Nigeria has introduced a new policy granting Nigerians a nine-month window to deposit dollar bills held outside the formal banking system without facing penalties, taxes, or scrutiny. Speaking after the National Economic Council (NEC) meeting in Abuja, Finance Minister and Coordinating Minister of the Economy, Wale Edun, outlined the policy as […]
EFCC Moves Against Former Governors, Ministers in Corruption Crackdown
The Economic and Financial Crimes Commission (EFCC) has taken decisive legal action against four former governors and two ex-ministers over corruption allegations in the past year under Executive Chairman Ola Olukoyede’s leadership. At a press conference in Abuja, EFCC Director of Public Affairs, Wilson Uwujaren, highlighted the agency’s successes in asset recovery and fraud prevention. […]
Black Market Dollar to Naira Exchange Rate Today – 1st November 2024
Dollar to Naira Black Market Exchange Rate Today – 1st November 2024 Here is the latest information on the Dollar to Naira exchange rate at the black market, commonly referred to as the parallel market (Aboki fx). For Thursday, 1st November 2024, sources from Bureau De Change (BDC) in Lagos indicate that the Dollar is […]
NAFDAC Urges Nigerians to Avoid Recalled Nivea Deodorant Over Safety Risks
The National Agency for Food and Drug Administration and Control (NAFDAC) has issued an alert to Nigerians, cautioning them to stop using the recently recalled batch of Nivea Black & White Invisible Roll-on deodorant (50ml). The product recall aligns with a warning issued by the European Union Rapid Alert System for Dangerous Non-Food Products. NAFDAC […]
Kaduna State Approves ₦72,000 Minimum Wage and Free Transport Scheme for Workers
Governor Uba Sani of Kaduna State has announced the approval of a new minimum wage of ₦72,000 for the state’s civil servants, set to take effect in November 2024. This wage increase, confirmed in a statement by the governor’s Chief Press Secretary, Ibrahim Musa, underscores the administration’s commitment to improving worker welfare and supporting vulnerable […]
Governors and Ministers Gather as Shettima Leads 145th NEC Meeting
Vice President Kashim Shettima chaired the 145th National Economic Council (NEC) meeting at the Council Chamber of the Presidential Villa in Abuja on Thursday. The gathering brought together state governors, ministers, and other stakeholders to discuss strategies for tackling Nigeria’s current economic challenges. This marks the seventh NEC meeting of 2024, with a focus on […]
Special Needs News, Abuja Special Needs Therapy Host Training on Early Dyslexia Detection
As Nigeria joins the global community to mark the International Dyslexia Day 2024, experts have emphasized the importance of early detection and intervention to support children with dyslexia—a specific learning disability that primarily affects reading and writing. International Dyslexia Day, celebrated annually on October 8, highlights its impact on literacy and learning. According to the […]