Month: July 2024
Breaking News: A Simplified and Business-Friendly Withholding Tax Regime Approved
Background Withholding tax, introduced into Nigeria’s tax system in 1977, was initially designed to serve as an advance payment of income tax on specified transactions. It aimed to provide the government with a steady revenue stream and curb tax evasion. However, over time, the regime expanded to cover more transactions, resulting in ambiguities and complications…
TROOPS INTERCEPT TERRORISTS IN MULTIPLE OPERATIONS, CAPTURE WEAPONS, AMMUNITION CACHE IN IMO, KWARA STATES
In a series of meticulously executed operations, troops of the Nigerian Army deployed for counter terrorism operations in Imo State have made substantial progress in the ongoing battle against terrorism and insurgency. The troops in collaboration with other security forces conducted successful raids on multiple hideouts of the Indigenous People of Biafra (IPOB) and its…
An Eventful Day of Celebration for Honorable Waliu Ifedolapo Owode
It was a remarkable day filled with joy and festivities as we gathered to celebrate three significant occasions: the Hajj welcome-back party, a birthday celebration, and the one-year-in-office anniversary for Honorable Waliu Ifedolapo Owode, affectionately known as Oloogunebi. Our day began early at the Honorable’s residence, the prestigious Akinrogun Castle in Ijebu Ife, Ogun State,…
The Ijebu Agemo Festival: A Celebration of Tradition and Harvest
The vibrant and culturally rich Ijebu Agemo Festival is set to commence on July 2nd, 2024, and conclude on July 4th, 2024. This annual festival, which marks the welcome of fresh yams, is a time-honored tradition celebrated every July. The Ijebu Kingdom, known for its deep-rooted cultural heritage, invites all sons and daughters of the…
Pi-CNG Announces 50% Cost Reduction for Converting Petrol-Powered Vehicles to CNG
The Presidential Initiative on Compressed Natural Gas (Pi-CNG) has announced a 50 percent reduction in the cost of converting petrol-powered vehicles to compressed natural gas (CNG). This move is part of the Federal Government’s efforts to promote a more cost-effective and sustainable transportation system across Nigeria. Michael Oluwagbemi, the Programme Director, revealed this initiative as…
Breaking News: Nigeria Customs Intercepts Container of Arms and Ammunition from Turkey
In a significant security operation, the Nigeria Customs Service has intercepted a container filled with an arsenal of new weaponry and live bullets shipped from Turkey to Nigeria. The discovery, made in Rivers State, includes an estimated 844 pump-action rifles, Bazinet kits, and 112,500 pieces of live ammunition, with an estimated value of N4 billion….
Federal Government Cancels Road Expansion Contracts for Obajana-Benin Highway
In a decisive move, the federal government has terminated road expansion contracts awarded to Mothercat Ltd, Dantata & Sawoe Construction Ltd, and Reynolds Construction Company (RCC) Ltd for specific sections of the Obajana-Benin highway. This action was taken due to significant project delays and the contractors’ failure to meet performance expectations. The contracts in question—6136…
SPORTS: Marc Guiu Signs for Chelsea, Cites Exciting Football Project
Marc Guiu, the latest addition to Chelsea FC, has expressed his enthusiasm for joining the club, highlighting the appealing football and sporting project as the main reason for his decision. Guiu emphasized the trust placed in him by everyone at the club and spoke highly of the plans involving young and talented players. “The club…
Regional Hotel Operation: EFCC Raises Disciplinary Team against Errant Officers
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has formed a Disciplinary Team to investigate the case of two officers who allegedly assaulted a female staff member at Regional Hotel, Ojo, Lagos. The incident, which occurred during an early morning sting operation on Thursday, June 27, 2024, was captured…
Demolition of Illegal Shanties and Kiosks Begins Along Lekki-Ajah Expressway
Date: July 1, 2024 Today, the Monitoring and Compliance team of the Lagos Waste Management Authority (@Lawma_gov), in collaboration with the Lagos State Environmental Sanitation Corps (@LAGESCOfficial), commenced the demolition of illegal shanties and kiosks in Sangotedo, Lakowe, Awoyaya, and other locations along the Lekki-Ajah expressway. This initiative is part of ongoing efforts to maintain…