The House of Representatives has retained Value Added Tax, VAT, at 7.5 per cent and rejected a staggered increase to 15 per cent by 2030 as proposed in the Tax Reform Bills being debated at the National Assembly. The House also rejected the proposed reintroduction of inheritance tax under the […]
Author: Aisha Muhammed
UK Based Nigerian Healthcare Recognised As Top 100 Emerging Global Businesses
https://www.youtube.com/watch?v=giqGUOLi1sA In recognition of its transformative impact in the healthcare industry, Myrtle Healthcare has made the list of top 100 emerging global businesses 2025. The listing was organised by Leaders Without Borders Development Centre UK which also recognised Myrtle Healthcare for pioneering one of the best privately owned Healthcare Companies […]
Naira Down To N1,585/$ In Parallel Market
The Naira yesterday depreciated to N1,585 per dollar in the parallel market from N1,565 per dollar on Tuesday. Similarly, the Naira depreciated to N1,546 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose […]
Tinubu Holds Secret Meeting With Jandor In Aso Rock
Abdul-Azeez Olajide Adediran aka Jandor, governorship candidate of the Peoples Democratic Party (PDP) in the 2023 general election, met with President Bola Tinubu at the presidential villa on Monday, TheCable can report. The meeting, which was not made public, took place between 2pm and 4pm. Jandor recently resigned from the PDP […]
Industrial Court dismisses Don’s employment claim against Federal University Oye-Ekiti
The Presiding Judge, Akure Judicial Division of the National Industrial Court, Hon. Justice Kiyersohot Damulak has dismissed the case filed by Prof. Adebayo against Federal University, Oye-Ekiti and its Governing Council for lacking merit. The Court held that Prof. Adebayo failed to prove that he accepted the employment offer by […]
Power Plants Face Shutdown As FG Pays Only 20% Of N1.9tr Subsidy Debt
GenCos fear tariff hike over imposition of new taxes • Demand 100 per cent debt settlement Despite promises made by President Bola Tinubu’s administration, Nigeria’s power sector is facing an escalating financial crisis, with generation companies (GenCos) warning of potential shutdowns. This comes as GenCos, in a new letter to the […]
Senate Replies IPU: Natasha Was Suspended For Gross Misconduct, Not Allegation
https://www.youtube.com/watch?v=lG7nB5yrDKc The complaint laid by Senator Natsha Akpoti-Uduaghan at the United Nations Inter parliamentary conference in New York on Tuesday has continued to attract reactions. The Kogi Lawmaker had taken her case before the global institution for them to prevail over what she says is an injustice meted on her. […]
Import Bills On Used Vehicles Fall 65% To ₦354.8 Billion
Calls for cooperation, support of FCT residents for ongoing projects The Honourable Minister of the Federal Capital Territory (FCT), Barr. Ezenwo Nyesom Wike, has announced that the comprehensive renovation of the International Conference Centre (ICC) is progressing rapidly and is on track for completion by May 2024, at a total […]
Import Bills On Used Vehicles Fall 65% To ₦354.8 Billion
As economic hardship bites harder, importation of used vehicles has recorded a significant decline with diesel or semi-diesel engine, of cylinder capacity 2500cc dropping by 65.8 percent year-on-year (YoY) to N354.8 billion in 2024 from N1.04 trillion in 2023. However, the decline also reflects the effect of continuous increase in […]
FG Behind PDP, LP, NNPP Crisis – El-rufai
A former governor of Kaduna State, Nasir El-Rufai, has said the crisis rocking the opposition parties in the country are the design of the government of the day. According to a video sighted by our correspondent, El-Rufai made the claim while addressing some members of the Social Democratic Party (SDP). […]