By Tony Obiechina, Abuja The Minister of State for Defence, Bello Matawalle, has called for increased collaboration and funding for the defence sector to effectively combat and eliminate banditry and other forms of criminality nationwide. The minister disclosed this in a statement issued by the Director of Information and Public Relations, Mr Henshaw Ogubike on Thursday. The minister made the appeal during the presentation of the 2025 Budget Proposal for the Ministry of Defence to the Senate and House of Representatives Committees on Defence at the National Assembly Complex in Abuja. In his address, Matawalle noted the importance of robust…
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By Tony Obiechina Abuja The Lagos Chamber of Commerce and Industry (LCCI) has expressed support for the federal government tax reforms bills stressing that the move would improve Nigeria’s fiscal stability. According to the Chamber the ongoing initiatives could raise the nation’s tax-to-GDP ratio to 11 per cent by 2025. The President and Chairman of the Council, LCCI, Mr. Gabriel Idahosa, made it’s position known during the 2025 Economic Review and Outlook Conference held on Thursday. The Tax Reform Bill, which includes the Nigeria Tax Bill (NTB), Nigeria Tax Administration Bill (NTAB), Nigeria Revenue Service Establishment Bill (NRSEB), and the…
Director General of the Bureau of Public Enterprises(BPE), Mr.Ayodeji Ariyo Gbeleyi, 3rd from left, felicitates the BPE SERVICOM Team, comprising; Mr. Auwal Dodo, Mrs. Anienam Udoh, Mr.Ibeh Uzoma Chidi, Mr. Paulsanctus Uzoma and Miss Cynthia Ikpokpo for winning multiple awards recently for BPE to emerge the best in service delivery in Nigeria. READ ALSO:
By Tony Obiechina, Abuja The National Insurance Commission (NAICOM) says it welcomes the decision of the Nigeria Police Force (NPF) to commence nationwide enforcement of the Third Party Motor Insurance for all vehicles on Nigerian roads with from February 1, 2025. NAICOM said in a statement signed the management and made available to the media on Wednesday that the move is aimed at ensuring compliance with Section 68 of the Insurance Act 2003. According to the statement, “the Commission recognizes that many Nigerians, especially vehicle owners, may not fully understand the importance of the law and the benefits of the…
By Tony Obiechina, Abuja Nigeria’s headline inflation rate rose again, hitting 34.80% in December 2024, the National Bureau of Statistics (NBS) has revealed. In it’s latest report on Wednesday, this marks a marginal rise of 0.20% from November 2024’s rate of 34.60%, primarily driven by the increased demand for goods and services during the yuletide. In December 2024, the headline inflation rate of 34.80% was 5.87% higher than the rate recorded in December 2023, which stood at 28.92%. The year-on-year increase indicates a significant rise in the cost of living compared to the same month in the previous year. On…
A consortium of civil society organizations have appealed to the Supreme Court to review it’s judgment in a multi-million dollars contractual dispute between an indigenous company, Owigs and Obigs Nig. Ltd and the Zenith Bank Plc. The groups anchored by the Empowerment for Unemployed Youths Initiative, Independent Public Service Accountability Watch, among others, made the call Tuesday in Abuja at a press conference. The convener of the groups, Stephen Ebira, while speaking on the matter faulted the judgment of the apex court, insisting it was punctuated by decisions and misrepresentation of facts, contrary to the evidence adduced before the trial…
By Tony Obiechina, Abuja The Federal Government has expressed confidence to achieve its N36.35 trillion 2025 revenue target projection. Minister of Budget and Economic Planning, Senator Abubakar Bagudu, who disclosed this in Abuja during the National Assembly Joint Committees on Finance hearing on the 2025 Appropriation Bill expressed confidence in the anticipated gains of President Bola Tinubu’s administration’s economic reforms, which he said had begun to bear fruits. He said the combined effects of removing fuel and foreign exchange subsidies boosted the three levels of government revenue, which he explained had begun to manifest in October of last year. He…
Operatives of the Economic and Financial Crimes Commission, EFCC, acting on intelligence on emerging internet crimes involving foreigners, on Thursday, January 9, 2025 broke another syndicate of fraudsters specializing in hotel review job scam, targeting mostly United Kingdom victims. They arrested 105 suspects comprising four Chinese and 101 Nigerians at Naka Hall Plaza in Abutu Garba Street, Gudu, Abuja. 100 compact Work Stations were recovered from the suspects. How the Fraud Works Hotel Review Job Scam is a globally- entrenched internet-related fraud that is newly appearing on the Nigerian space The modus operandi involves Chinese who usually recruit local…
The story of resilience, societal norms, and the courage to challenge oppressive traditions. When exploring the narrative of A Future in Chains, the first chapter introduces us to Mr. Ekpendo, a well-known farmer in Ayam village. His character symbolizes both opportunity and burden as his legacy shapes the central conflicts in the novel. Mr. Ekpendo’s sons, Effiong and Ukafia, take divergent paths, embodying the tension between traditional values and modern aspirations. Effiong chooses education and progress, while Ukafia remains tied to their father’s profession, seeing farming as the path to wealth. These choices set the tone for a broader exploration…
Felix Morka, National Publicity Secretary of the ruling All Progressives Congress (APC), has denied threatening Peter Obi. Prompt News reports tht Obi was the presidential candidate of the Labour Party in the 2023 general elections. Reacting in a statement on Tuesday, Morka states: “On his verified official X handle, Mr Peter Obi, former Governor of Anambra State and presidential candidate of the Labour Party in the 2023 general elections, has alleged, in his own words, that “my New Year Message has now led to threats to my life, my family, and those around me. While I have received all sorts…