NEWS
Tax Reform: Reps Approve New VAT Sharing Formula For States
The House of Representatives, on Thursday, approved a new value-added tax sharing formula, allocating 55% to states and 35% to local government councils. This decision followed the adoption of a report by the House Committee on Finance on four tax bills transmitted to the National Assembly by President Bola Tinubu in October 2024. Presenting the report on Thursday, the chairman of...
FG, Foreign Airlines Begin Talks Over Rising Fares
The Federal Government, through Minister of Aviation and Aerospace Development Festus Keyamo, has announced improvements to airport security and safety as well as ongoing efforts to address the excessive cost of airline tickets for both domestic and international travel. Keyamo disclosed this in his remarks at the Ministerial Press Briefing on Thursday in Abuja. Speaking on the issue, he outlined key...
”IPU Can’t Act On Natasha’s Petition” – Jimoh Ibrahim
Senator Jimoh Ibrahim, the chairman of the Senate Interparliamentary Committee, has blasted Natasha Akpoti-Uduaghan, claiming that her petition to the Inter-Parliamentary Union is "dead on arrival." The former Ondo governorship aspirant disclosed this in a statement issued in Abuja on Thursday. Akpoti-Uduaghan had escalated her dispute with Akpabio, presenting her case at a United Nations forum, International Parliamentary Union, alleging political...
Max Air To Airlift Jigawa Pilgrims For 2025 Hajj
The National Hajj Commission of Nigeria has appointed Max Air as the designated airline for airlifting Jigawa State pilgrims to Saudi Arabia for the 2025 Hajj. This decision was confirmed by the Director General of the Jigawa State Pilgrims Welfare Board, Ahmed Labbo, in a statement on Thursday in Dutse, the state capital through the Public Relations Officer of the...
Reps Approves Tax Reform Bills, Retains 7.5% VAT Rate (Video)
The House of Representatives has approved the tax reform bills, introducing key changes to the nation's tax structure while retaining the current Value Added Tax (VAT) rate at 7.5%. https://youtu.be/sb263qdMiPI A major highlight of the reform is the revised VAT sharing formula. According to the new structure, VAT revenue will now be distributed as follows: 50% to be shared equally among...
Delta Community, Oil Firm Clash Over Land Dispute
The oil and gas company Axxela has reaffirmed its dedication to international best practices, legal procedures, and sustainable development amidst a land dispute with the people of Emu-Ebendo Community in Ndokwa West LGA of Delta State. The company made this clarification in response to a protest by members of the Emu-Ebendo community, who demanded its exit from a portion of...
2,056 Athletes To Participate In MTN Champs Season 3
The founder and Chief Executive Officer, Making of Champions, Bambo Akani, said on Wednesday that 2,056 athletes have registered to participate in the MTN Champs Season 3 in Benin. Akani, who disclosed this during a media briefing to herald the three-day track championship in Benin, said that Season 1 of the competition also took place in Benin and talents were...
Nigerian Energy Innovator Wins 2025 Commonwealth Youth Award
A Nigerian innovator, Stanley Anigbogu, has clinched the overall title of 2025 Commonwealth Young Person of the Year at the annual Commonwealth Youth Awards for Excellence in Development Work in London. Anigbogu, who is the founder and Chief Executive Officer of LightEd, was recognised for transforming waste into solar innovations that provide clean energy to over 10,000 refugees in Africa. His...
”I Informed Buhari Before Dumping APC” – El-Rufai
The immediate past Governor of Kaduna State, Nasir El-Rufai, has said that he left the ruling All Progressives Congress with the knowledge of former President Muhammad Buhari. PUNCH Online reports that El-Rufai, a founding member of the ruling party, defected to the Social Democratic Party on Monday, citing an unhealthy situation in the party. Speaking in an interview with BBC Hausa...
”Lagos-Calabar Highway Project Wasteful, Corrupt” – Obasanjo
Former President Olusegun Obasanjo has described the N15.6tn Lagos-Calabar Coastal Highway Project as wasteful and corrupt. He equally slammed the President Bola Tinubu administration for spending N21bn on a new official residence for Vice President Kashim Shettima, calling it a misplaced priority and conduit designed to embezzle public funds. The ex-leader disclosed this in chapter six of his new book, ‘Nigeria:...
