Tag: others

Tax Reforms Panel Proposes 1% ‘Cost Of Collection’ For Customs, FIRS, NPA, Others

Abibat Babalola

Should the Federal Government approve the slash in the cost of collection proposal by the Presidential Fiscal Policy and Tax Reform Committee, all revenue generating agencies will henceforth earn one per cent on the revenue they generate. The agencies that will be affected most are: the Federal Inland Revenue Service (FIRS), which receives four per cent as cost of collection; Nigeria Customs Service (NCS) seven per cent and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) five per cent. Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Mr. Taiwo…

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Banks Close 2m Accounts Over BVN, NIN, Others

Abibat Babalola

Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, to clean their books of questionable accounts and comply with regulatory orders on the linkage of bank accounts to the National Identity Number, NIN. This is contained in a report by the Nigerian Interbank Settlement System, NIBSS, which also indicated that the number of inactive bank accounts grew month-on-month, MoM, by four million or 2.0 per cent to 19.7 million in March 2024 from 19.3 million in the previous month, February. A bank account…

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NDLEA Arrests Illicit Drugs Syndicates, Seizes 44.9 Tonnes Of Cocaine, Others

Abibat Babalola

In a major crackdown on illicit drug trafficking, the National Drug Law Enforcement Agency (NDLEA) has apprehended several syndicates and seized a staggering 44.9 tonnes of cocaine along with other narcotics. The operation, which marks a significant victory in the fight against drug smuggling, underscores the agency’s unwavering commitment to combatting the scourge of narcotics trafficking in the country. The seized contraband, including cocaine and other illicit substances, represents a substantial blow to organized crime networks involved in drug trafficking and distribution. READ ALSO: Bill Wants Govt Officials’ Children To…

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Forex Crisis: Nigerian Govt Blocks Binance, Coinbase, Others

Ganiyu Amodu

The Nigerian government has ordered internet service providers to block access to the websites and apps of major cryptocurrency trading platforms including Binance, Coinbase, and Kraken. Authorities said the move aims to crack down on the alleged use of these platforms by currency speculators and money launderers to manipulate the foreign exchange market and facilitate illicit fund flows, further weakening the struggling Nigerian naira. Sources at major telecommunication firms said they received directives from the Nigerian Communications Commission (NCC) on Wednesday evening to implement the blockade of Binance, ForexTime, OctaFX,…

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Canada Slams New Work Restrictions On Nigerians, Spouses, Others

Ganiyu Amodu

The Canadian Government has announced a two-year cap on the number of new study permits issued to Nigerians and other international students. Immigration Minister Marc Miller who disclosed this on Monday, January 22, said for 2024, the cap is expected to result in approximately 364,000 approved study permits, a decrease of 35% from 2023. In addition to the cap, the Canadian government will also require international students applying for a permit to provide an attestation letter from a province or territory. Miller also announced changes to the post-graduation work permit…

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President Tinubu Suspends N-Power, School Feeding, Others

Ganiyu Amodu

President Bola Tinubu has suspended all administered Social Investment Programmes by the National Social Investment Programme Agency. Announcing the suspension in a statement on Friday, the Director Information, Secretary to the Government of the Federation, Segun Imohiosen, said the President’s decision was in view of the “ongoing investigation of alleged malfeasance in the management of the agency and its programmes.” “All four programmes administered by NSIPA, viz; N- Power Programme, Conditional Cash Transfer Programme, Government Enterprise and Empowerment Programme and Home Grown School Feeding Programme have been suspended for a…

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Tinubu Approves N12bn Outstanding Payments For Super Eagles, Others

Ganiyu Amodu

President Bola Tinubu has approved the sum of N12 billion to clear outstanding payments the federal government owed the Super Eagles and Nigeria’s other national teams of various sports. The approval was announced in a statement on the X handle of the president’s media centre. According to the statement, the money is expected to “clear the senior national team coach salaries running up to 15 months, payments of allowances and promises due to the senior national teams, females, and U-20 national team”. “President @officialABAT has approved the payment of N12billon…

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Senate Summons Nigerian Gas Marketing Company MD Over Gas Sales, Others

Abibat Babalola

The Senate Committee on Gas on Wednesday summoned the Managing Director of Nigerian Gas Marketing Company Ltd,  Justin Ezeala, requesting the details of gas sales, purchase agreements with companies and  non- compliance with due process in the auto CNG Project with NIPCO Gas. The Committee chaired by Senator Jarigbe Jarigbe decided to summon the chief executive of the company after  a closed door session  of committee members at the National Assembly. The Committee, in its resolutions at the end of the meeting, expressed dissatisfaction with the decision of the Group…

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Final Warning, NBC Cautions Arise TV

Abibat Babalola

The NBC also accused Arise TV of defaulting on its responsibility while airing its Newsday programme. The National Broadcasting Commission (NBC) has issued a final warning to the broadcaster, Arise TV, over “derogatory and incendiary remarks” on its programmes. ⁣ In a letter dated October 6, 2023 and addressed to the chief executive officer of Arise Global Media Limited, NBC’s Director-General, Balarabe Ilelah, urged the broadcast channel to install a delay mechanism to avoid unwanted content.⁣ READ ALSO: Prove I Have Fake Credentials In 30 Days, Soyinka Tells Critics Kerosene…

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Tiktok Saga: Osimhen Breaks Silence, Thanks Nigerians, Others

Ganiyu Amodu

Nigerian football star Victor Osimhen has thanked Nigerians for standing by him after his club, Napoli, posted two controversial TikTok videos that were widely seen as mocking him. The videos, which have since been deleted, first likened Osimhen to a coconut then the other mocked the striker for a penalty miss against Bologna. Osimhen was understandably furious with the video, a development that saw him delete all pictures linking him with Napoli on his Instagram page. READ ALSO: Meet Amos Dangut, Man Appointed WAEC New Boss On His Birthday  NUC…

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