BY EFE MODESTUS The Arewa Consultative Forum (ACF) has recommended the retention of the 7.5% rate of Value added Tax (VAT) in the Tax Reforms Bills. ACF’s submission was contained in a comprehensive set of observations and recommendations to the National Assembly on the Executive Tax Reforms Bills, meant toContinue Reading
BY GODWIN OBI In a call to action, Dr. Abubakar Dantsoho, the Managing Director of the Nigerian Ports Authority (NPA), has urged exporters and investors to tap into the full potential of the Authority’s specialized platforms, particularly the Export Processing Terminals (EPTs), to revolutionize international trade and overcome the complexContinue Reading
BY GODWIN OBI The Nigerian Maritime Administration and Safety Agency said it is reviewing 16 proposals for amendments to the Maritime Labour Convention 2006, which is often referred to as the ‘Seafarers’ Bill of Rights. The head of public relations at NIMASA, Osagie Edward, disclosed this in a statement recently.Continue Reading
BY EFE MODESTUS, JOY OKON The All Progressives Congress on Sunday attacked the immediate-past governor of Kaduna State, Nasir El-Rufai, as indications emerged that the former Federal Capital Territory minister was rallying northern leaders and bigwigs against President Bola Tinubu’s re-election ahead of the 2027 poll. The APC National Secretary,Continue Reading
BY GODWIN OBI Nigerian banks are seeking to raise nearly N2 trillion in a new round of capital raising as the banking sector’s recapitalisation heads into its final year. The fresh capital raising is expected to cluster in the second quarter with offers from new issuers and previous issuers seekingContinue Reading
BY GODWIN OBI Commercial banks are riding on telco platforms to rake in billions of naira from the increasing number of customers using digital banking services. Most of the banks deploy several strategies, products and services under which they charge fees, far above what is specified in the guide toContinue Reading
Ibrahim Badamasi Babangida BY JOY OKON Former Military President General Ibrahim Badamasi Babangida(IBB) has claimed his comrade at arms, late General Sani Abacha, plotted to violently overthrow his administration, despite their deep relationship. He also said Abacha had deep-seated hatred for the claimed winner of the annuled June 12 election,Continue Reading
BY GODWIN OBI, JOY OKON Former Head of State, General Ibrahim Babangida (retd.), has revealed details of the foiled coup allegedly led by his childhood friend, General Mamman Vatsa, which he says compelled him to choose between preserving a longstanding personal bond and safeguarding the nation’s future. In excerpts fromContinue Reading
BY GODWIN OBI The Economic and Financial Crimes Commission (EFCC) on Friday arraigned 18 Chinese nationals and a company, Genting International Co. Ltd, before Justice Daniel Osiagor, of the Federal High Court sitting in Ikoyi, Lagos. The defendants are part of the larger 792 persons arrested in December 2024 inContinue Reading
BY GODWIN OBI The Federal Government on Friday announced plans to cancel the visa-on-arrival policy. The Minister of Interior, Olubunmi Tunji-Ojo, made the announcement during the closing ceremony of a weeklong capacity-building training for personnel of the Nigeria Immigration Service (NIS). The capacity building training is one of the measuresContinue Reading