Category: Development
National Assembly Approves Amendment to Finance Act, Introducing 70% Tax on Banks’ FX Profits
Abuja, Nigeria – In a significant legislative move, the National Assembly has approved an amendment to the Finance Act that imposes a 70% tax on substantial foreign exchange (FX) profits earned by banks in 2023. The decision was finalized on Tuesday during the plenary sessions of both chambers, following the review of the Joint National…
President Tinubu Signs North West Development Commission Bill into Law
Abuja, Nigeria – President Bola Ahmed Tinubu has officially approved and enacted the North West Development Commission Bill, creating a new body aimed at addressing the development needs of the North West zone. The announcement was made by Barau Jibrin, the Deputy President of the Senate, during an evening meeting at his office within the…
Minister of State Petroleum Resources Hosts Crucial Meeting with Dangote, NMDPRA, NUPRC, and NNPC Leadership
Abuja, Nigeria – Distinguished Senator Heineken Lokpobiri, the Honourable Minister of State Petroleum Resources [Oil], hosted a high-level meeting with key stakeholders to address and resolve ongoing issues surrounding the Dangote Refinery. Attending the meeting were prominent figures in Nigeria’s oil and gas sector: The stakeholders expressed their gratitude to the Honourable Minister for his…
Dangote Clarifies Incentives and Monopoly Concerns at Refinery
Lagos, Nigeria – In a recent statement, Aliko Dangote, Chairman of Dangote Group, addressed concerns about incentives and monopoly at the newly established Dangote Refinery. Speaking on Thursday, Dangote emphasized that no incentives were collected from the Federal Government of Nigeria or Lagos State for the refinery project. “In the refinery, we did not, and…
Ogun State Set to Register Additional 100,000 Farmers Under OGFIMS
Abeokuta, Nigeria – The Ogun State Government has announced plans to register an additional 100,000 farmers under the Ogun State Farmer Information Management System (OGFIMS), raising the total number of registered farmers to 160,000. Hon. Bolu Owotomo, Commissioner for Agriculture, disclosed this initiative during an OGFIMS workshop focused on the registration exercise for farmers and…
Ogun State Approves Construction of Additional Roads in Ifo LGA
Abeokuta, Nigeria – The Ogun State Executive Council has given the green light for the construction of additional roads in Ifo Local Government Area, as part of ongoing infrastructure development efforts. Engr. Ade Akinsanya, the Commissioner for Works and Infrastructure, announced the approval during a press conference on Thursday, providing updates on various road projects…
President Tinubu Announces Provision of 36 CNG Buses to Labour Unions
Abuja, Nigeria – In a bid to alleviate the financial burden on workers due to the high cost of living, President Bola Tinubu has announced plans to provide 36 Compressed Natural Gas (CNG)-fueled buses to the nation’s labour unions. During a meeting held today in Abuja, the President revealed that each of the 36 buses…
President Tinubu Condemns Attack on Former President Trump
Abuja, Nigeria – President Bola Ahmed Tinubu has issued a press release condemning the recent shooting at a rally for former President Donald Trump in Pennsylvania. The attack, which resulted in injuries and loss of life, has been described by President Tinubu as “distasteful and beyond the pale of democratic norms.” In his statement, President…
NOA Launches AI-Powered Website to Enhance Citizen Engagement
Abuja, Nigeria – The National Orientation Agency (NOA) has unveiled its innovative AI-powered website, described as a game-changing Platform-as-a-Service (PaaS) web application. This new digital tool aims to revolutionize how Nigerians interact with their government. According to the NOA, the web app is designed to make citizen engagement more engaging and interactive. Users can now…
Lagos State Government Issues 48-Hour Eviction Notice to Illegal Structures and Squatters Along Gbagada-Bariga Channel
Lagos, Nigeria – The Lagos State Government has issued a 48-hour vacation notice to property owners and squatters who have erected illegal structures along the Gbagada-Bariga Channel. This channel is crucial for deflooding the Bariga, Gbagada, and Sholuyi downstream communities and ensuring the proper discharge of water into System 1. The area has been taken…