Reforming VAT: Oyedele Pushes for Relief for Low-Income Earners and Small Businesses
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has highlighted that a significant portion of Nigeria’s Value-Added Tax (VAT) is paid by low-income earners. During a Senate briefing on Wednesday, Oyedele shared plans to overhaul the tax system, including exempting essential goods and services such as education, healthcare, transportation, and […]
Israel Approves U.S.-Backed Ceasefire with Hezbollah
Israel’s Cabinet approved a U.S.-brokered ceasefire agreement with Hezbollah on Tuesday after extended negotiations. The deal, presented by Prime Minister Benjamin Netanyahu, passed with a 10-1 vote, with far-right minister Itamar Ben Gvir opposing the plan. The ceasefire officially went into effect at 4 a.m. Wednesday, local time, five hours after the agreement was announced. […]
Federal Court Drops Classified Documents Case Against Trump After Special Counsel Moves to Dismiss
The U.S. Court of Appeals for the Eleventh Circuit formally dropped President-elect Donald Trump from special counsel Jack Smith’s appeal in the classified documents case on Tuesday, effectively ending federal prosecution against Trump in this matter. “Appellant’s motion to dismiss the appeal as to Donald J. Trump only is GRANTED,” the court stated in a […]
Former FBI Informant Faces New Tax Evasion Charges Amid Ongoing Legal Battle
Alexander Smirnov, a former FBI informant already facing charges related to alleged false claims about President Joe Biden and his son Hunter, has been indicted on additional tax-related charges, according to court records unsealed Tuesday in California federal court. The new indictment alleges that Smirnov evaded taxes on more than $2 million in income from […]
CBN Hikes Interest Rate to 27.50% to Curb Inflation
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 27.50%, up from 27.25%, as part of efforts to combat rising inflation. This decision, announced by CBN Governor Yemi Cardoso during the year’s final Monetary Policy Committee (MPC) meeting in Abuja on Tuesday, was unanimously approved by MPC members. Despite the […]
Kano State Implements ₦71,000 Minimum Wage for Civil Servants
The Kano State Government has begun implementing the newly approved ₦71,000 minimum wage for civil servants, with workers receiving their November salaries reflecting the new pay structure. This move fulfills a recent commitment made by the government to improve workers’ welfare. As per the state’s tradition, salaries were paid on the 25th of the month. […]
EFCC Arrests Ex-Kogi Governor Yahaya Bello Over Alleged N190 Billion Fraud
The Economic and Financial Crimes Commission (EFCC) has confirmed the arrest of former Kogi State Governor Yahaya Bello on charges of corruption and financial mismanagement during his tenure. EFCC spokesperson Dele Oyewale revealed that Bello is currently being interrogated and will remain in custody until his court arraignment. The former governor is accused of laundering […]
Tinubu Visits France for High-Level Talks with Macron
President Bola Tinubu will embark on a three-day state visit to France starting today, Wednesday, December 27, following an invitation from French President Emmanuel Macron. The visit aims to strengthen bilateral relations and explore new partnerships in key sectors, including agriculture, security, education, health, youth empowerment, innovation, and energy transition. Bayo Onanuga, Tinubu’s Special Adviser […]
Port Harcourt Refinery Operating at 70% Capacity, Says NNPC
The Nigerian National Petroleum Company (NNPC) Limited has announced that the rehabilitated old Port Harcourt refinery is now operating at 70% of its installed capacity, with plans to increase output to 90% in the near future. The Port Harcourt Refining Company (PHRC) consists of two refineries: the old refinery with a capacity of 60,000 barrels […]
Protests Escalate in Islamabad as Supporters of Imran Khan Clash with Security Forces
Supporters demanding the release of imprisoned former Pakistani Prime Minister Imran Khan broke through security barricades in Islamabad on Tuesday, leading to violent clashes with authorities that have resulted in at least six deaths. Protesters defied government warnings, including threats of live gunfire, as they confronted security forces in the capital. Among the dead were […]
