In a remarkable financial turn, Company Income Tax revenue in Nigeria surged by 151% during the second quarter of 2024, climbing from N984.61 billion in Q1 to an impressive N2.47 trillion. This significant growth, reported by the National Bureau of Statistics (NBS), reflects the increasing contributions from both local and foreign companies. This leap highlights…
The Central Bank of Nigeria raises N9.27 trillion through NTBs, driven by investor demand for longer maturities and higher yields. In a move to meet rising investor demand, the Central Bank of Nigeria (CBN) successfully raised N9.27 trillion through Nigerian Treasury Bills (NTBs). The strong interest in NTBs in Nigeria reflects investors’ appetite for longer…
Obi storms Edo for Akpata as the Labour Party (LP) presidential candidate from the 2023 elections, Peter Obi, visits Benin City to rally voters behind Olumide Akpata ahead of the upcoming September 21 governorship election. Accompanying Obi is Abia State Governor Alex Oti, who is also expected to join the final stages of the campaign…
Chiefs Lead Effort to Regulate Prices in Agbalata Market, Badagry In a bold move to control rising costs in Badagry, Lagos, local traditional leaders have taken direct action to regulate food and goods prices at Agbalata Market. The intervention follows directives issued by the Aholu Menu Toyi 1, traditional ruler of Badagry, who disbanded the…
Obidients Unite to Offer Financial Aid Across Nigeria, Supporting Peter Obi’s Loyal Base In a bold demonstration of solidarity, the Obidients movement has unveiled a nationwide financial aid initiative to provide relief to Peter Obi’s supporters. The initiative, known as “Obidients financial aid for Peter Obi supporters,” is designed to address the economic struggles faced…
The financial crisis facing Nigeria’s data centres is reaching a critical point due to the ongoing devaluation of the naira. This sector, vital for the country’s digital infrastructure, is grappling with severe financial strain as operators struggle with the dual challenges of currency depreciation and inadequate long-term funding. As explained by Ikechukwu Nnamani, CEO of…
Abia State Governor Addresses Controversy Surrounding Deputy Speaker’s Forecast Abia State Governor Dr. Alex Otti has clarified his decision to withhold comment on Deputy Speaker Benjamin Kalu’s assertion that the Labour Party (LP) would be replaced by the All Progressives Congress (APC) in the 2027 elections. Otti’s explanation comes in the wake of heightened political…
The Labour Party Faces an Intensifying Leadership Dispute with Legal Challenges on the Horizon The Labour Party (LP) crisis has taken a dramatic turn as the party’s internal conflict deepens, now poised to move to the courts. The recent developments center around a newly appointed interim leadership, which has sparked fresh controversy and legal challenges….
NNPC’s Refusal to Be Sole Buyer May Drive Dangote Refinery to Focus on Exporting Petrol The ongoing dispute between Dangote Refinery and the Nigerian National Petroleum Company Limited (NNPC) has cast doubt on the future of local petrol supplies. The NNPC has declared it will not purchase petrol from Dangote’s facility unless it is priced…
Betsy Obaseki clarifies her family’s situation and addresses Adams Oshiomhole’s comments on her and Governor Obaseki’s personal lives. In a recent statement, Betsy Obaseki responds to former Edo State Governor Adams Oshiomhole’s claims that she and her husband, Governor Godwin Obaseki, are childless. Oshiomhole had suggested that the Obasekis do not love children and criticized…
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