A Chief Magistrate’s Court sitting in Osogbo, capital of Osun State has ordered the remand of a practising medical doctor in the employment of the state government, Olayode Akangbe Shakiru, for allegedly assaulting and r*ping a teenage girl. Shakiru was arrested last week Thursday by a team of policemen from Oke-Baale Police Division in Osogbo, …
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Naira Can Appreciate Below N1,200/$ If CBN Implements Right Policies – Rewane
The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, says the appreciation of the naira against the dollar in the last few weeks is sustainable if the apex bank comes up with, and implement the right policies.The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, says the appreciation of the naira against the …
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Austine Martins Nwaooha ,member of indigenous people of biafra, IPOB , declared wanted
The Nigeria government and the military has declared Mr. Austine Martins Nwaooha whose photograph appears above is been wanted over involvement in the unlawful activities of the IPOB and as a member of the group. Since June 15, 2024. Austine who was last seen at No 3, Orsu Road, Orsu Local government area of Imo …
Lokpobiri meets with Dangote, NMDPRA to ‘resolve ongoing issues’
Heineken Lokpobiri, minister of state petroleum resources (oil), has held a meeting with Aliko Dangote, chairman and chief executive officer (CEO) of Dangote Group and Farouk Ahmed, CEO of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ‘resolve ongoing issues’. Gbenga Komolafe, CEO of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and Mele Kyari, …
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YOUR MINISTER IS ONE OF OUR FINANCIAL SUPPORTERS. —- BANDIT LEADER TO TINUBU.
Bello Turji Kachalla, a notorious bandits leader operating in northwest Nigeria, has accused the Minister of State for Defence, Bello Matawalle, of complicity in supporting terrorism in the country. In a recently released video, Turji alleged that the current security issues in Nigeria are backed by Matawalle, who is the immediate past governor of Zamfara …
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Nigerian economy underperformed in H1’24 — Rewane
The Nigerian economy performed below expectation in the first half of the year (H1’24) and requires a minimum growth of four percent in the next three quarters to meet the target of 3.88 percent gross domestic product (GDP) set by the federal government in the 2024 budget. Chief Executive Officer of Financial Derivates Company, Mr. Bismarck …
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Nigeria imposes income tax on forex gains of banks
i The Federal Government of Nigeria is seeking to tax the realised profits from all foreign exchange transactions of banks in the 2023 financial year. This measure is contained in the Finance (Amendment) Bill 2024. The Bill provides for a one-off tax of 50% on such realised profits. The Federal Inland Revenue Service (FIRS) will …
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Tinubu writes National Assembly, requests N6.2trn addition to 2024 budget
President Tinubu also requested that the Finance Act 2023 be amended to impose and charge windfall tax on banks and provide for tax administration and related matters. President Bola Tinubu on Wednesday requested the National Assembly to amend the 2024 Appropriation Act with an increase of N6.2 trillion. President Tinubu also requested that the Finance …
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Lagos state signs deal with CIG Motors to acquire 5000 new vehicles for LAGRIDE
The Lagos state Governor, Mr. Babajide Sanwo-Olu on Monday, oversaw the signing of a new joint venture partnership between the state-owned corporation IBILE Holdings Limited and CIG Motors Company Limited. A statement from the Lagos state government noted that the partnership involves the acquisition of 5,000 brand-new vehicles for the LAGRIDE fleet, injecting $260 million …
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IMF Slashes Nigeria’s Economic Growth Forecast To 3.1%
The International Monetary Fund (IMF) has cut its forecast for Nigeria’s economic growth in 2024 to 3.1 per cent. The downgrade is contained in a newly released report ‘in the July 2024 World Economic Outlook’ published Tuesday. The IMF cited a weaker growth recorded in the first quarter of the year, Q1’24 as reason for …
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