Author: Oghenekevwe Uchechukwu
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Nigeria targets tax cut with major reforms to boost efficiency
The Presidential Committee on Tax Reforms and Fiscal Policy says it is determined to simplify the excessive number of collectable taxes and levies, currently exceeding 60, aiming to reduce them to fewer than 10 at all levels of government. Chairman of the Committee, Taiwo Oyedele, made this known when he addressed State House Correspondents on…
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PDP confident in Supreme Court for election appeal
The Peoples’ Democratic Party (PDP) has expressed confidence in the Supreme Court to deliver justice as it commences the hearing of the 2023 Presidential Election Appeal today. In a press statement, the National Publicity Secretary of the party, Debo Ologunagba, conveyed the party’s belief that the issues surrounding the February 2023 Presidential election will be…
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Atiku, Obi, Tinubu’s Supreme Court battle begins today
Today, a seven-member panel of the Supreme Court is set to hear the appeals lodged by Atiku Abubakar and Peter Obi, challenging the judgment of the Presidential Election Petition Court that upheld President Bola Tinubu’s election. Members of this panel, though yet to be identified, will scrutinize the appeals from Atiku Abubakar of the People’s…
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APC Chairman arrested and suspended amidst rape allegations by 14-year-old maid
A Chief Magistrate’s Court in Dutse, Jigawa State, has ordered the remand of an All Progressives Congress (APC) chief, Saleh Idris, who is the chairperson of APC in Roni Local Government Area of Jigawa State, over allegations of raping and impregnating his 14-year-old housemaid. The Nigeria Security and Civil Defence Corps (NSCDC) arrested Idris on…
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Nigeria lost ₦2.9 trn to contract fraud in three years -EFCC Chairman
The recently appointed Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has disclosed that an estimated ₦2.9 trillion, allocated for various government projects, was embezzled by contractors between 2018 and 2020. This revelation came to light during his Senate screening process on Wednesday. He was subsequently confirmed as the new EFCC Chairman.…
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Equity market soars as investors gain N409 billion
Investors in the equities market gained N409 billion as the Nigerian Exchange Limited witnessed a slight increase in trading activities in the past week, resulting in the All-Share Index rising by 1.12 per cent week-on-week to reach 67,200.69 points. The market capitalization of listed equities also saw a 1 per cent increase week-on-week, reaching N36.919…
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World Food Day: FAO urges measures for food security amid rising inflation
As Nigeria grapples with soaring inflation rates, the Director-General of the Food and Agriculture Organisation (FAO) of the United Nations, Qu Dongyu, has urged governments to prioritize water in policy and planning, as there can be no food security without water. Dongyu gave the advice on Monday at the World Food Day 2023 ceremony, held…
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Nigeria’s $1.5B World Bank loan spark concerns
A former Deputy Governor of the Central Bank of Nigeria and presidential aspirant under the African Democratic Congress (ADC) Kingsley Moghalu, has raised concern over Nigeria’s plan to borrow $1.5 billion from the World Bank. As part of the government’s efforts to address the fiscal gap in the 2023 budget, the Minister of Finance, Budget…
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FG eyes $1.5B World Bank loan after $390m Tinubu’s UNGA hotel bill
The Nigerian government is in the process of securing an additional $1.5 billion loan from the World Bank to address the fiscal gap in the 2023 budget. Minister of Finance and Coordinating Minister of the Economy Wale Edun, shared this at the 2023 Annual Meetings of the World Bank and the International Monetary Fund (IMF)…