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Collaboration, Not Conflict: Tinubu Clarifies Local Government Autonomy

President Bola Tinubu has urged Nigeria’s 36 state governors to lead the charge in grassroots development, emphasising that the financial autonomy granted to local governments is not intended to undermine their authority over the third tier of government. Speaking on Wednesday during a New Year courtesy visit by members of the Nigeria Governors’ Forum (NGF), […]

Minimum Wage Earners to Get Full Tax Exemption in Proposed Bill

The Chairman of the Presidential Advisory Committee on Fiscal Policy and Tax Reform, Mr. Taiwo Oyedele, has clarified that under the proposed Tax Amendment Bills, individuals earning up to ₦1.7 million annually (approximately ₦141,000 per month) will pay lower Pay As You Earn (PAYE) tax. Workers earning the new minimum wage and slightly above it […]

CBN Reports Sharp Rise in Money Supply as FG Credit Grows by 54%

Nigeria’s Broad Money Supply (M2) has risen by 51% year-on-year (YoY) to ₦108.96 trillion in November 2024, driven by the Federal Government’s domestic borrowings from the private sector, according to data from the Central Bank of Nigeria (CBN). The CBN’s Money and Credit Statistics report, released on Monday, indicates an increase from ₦72.03 trillion recorded […]

Warri Refinery Back Online: First Phase of Operations Resumes, Says Kyari

The 125,000-barrel-per-day Warri Refining and Petrochemicals Company (WRPC), located in Warri, Delta State, has resumed operations, according to the Nigerian National Petroleum Company Limited (NNPCL). This announcement was made by the Group Chief Executive Officer of NNPCL, Mele Kyari, during a facility tour on Monday. Addressing the team before the tour, Kyari said, “We are […]

Legacy of Faith and Politics: Jimmy Carter Dies at 100

For years, visitors arrived in the early hours at the car park of Maranatha Baptist Church in the small town of Plains, Georgia, queuing in darkness to attend Jimmy Carter’s Sunday school class. Some were devout Christians, while others were not. Many were American, though a significant number travelled from countries such as Brazil, Canada, […]

Wale Edun: Saudi Deal Brings Jobs, Investments, and FX Inflows to Nigeria

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has hailed the success of his recent high-level visit to Saudi Arabia, citing significant foreign investments and foreign exchange inflows as key outcomes. Speaking to journalists after a briefing with President Bola Tinubu, Edun said: “What we have brought back is investment, foreign […]

NNPCL Refutes Claims of Presidential Interference in Operations

The Nigerian National Petroleum Company Limited (NNPCL) has stated that President Bola Tinubu does not interfere in its operations or influence personnel movements within the organisation. In a statement issued yesterday, the Chief Corporate Communications Officer of the NNPCL, Olufemi Soneye, emphasised that “employment, promotions, appointments, and movements of business leaders at the NNPCL are […]

‘Everybody Loves Jenifa’ Shatters Nigerian Box Office Records

Funke Akindele’s newly released films, “Everybody Loves Jenifa” and “Alakada! Bad and Boujee”, have propelled Nigerian cinemas to record ticket sales of over ₦1 billion in a single week. According to data from Nile Media Entertainment Group, ticket sales between 20 and 26 December 2024 amounted to ₦1.02 billion, the highest weekly total in Nigerian […]

Stan Ekeh Faces Fresh Prosecution for Alleged Contract Fraud

The Attorney General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi, SAN, has authorised prominent lawyer Femi Falana, SAN, to prosecute Leonard Stanley Ekeh, chairman of the Zinox Group, and his wife, Chioma Ekeh, over allegations of fraudulently hijacking a government contract and embezzling over ₦162 million. This move revives a long-dormant case […]

Military Blames Secondary Explosion for Sokoto Civilian Deaths

The Defence Headquarters (DHQ) has clarified that the deaths of 10 civilians in Sokoto State were caused by a secondary explosion, not by military airstrikes during a coordinated assault on Lakurawa terrorists. The military operation, part of Operation Hadarin Daji, was conducted on 25 December in Gidan Bissah and Gidan Rotuwa within Jikolon Forest. It […]

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