Month: December 2024

The naira yesterday recorded a major leap, one of its biggest in nearly one year. It closed at N1,515 to the dollar, representing N200 gain from N1,715 to the dollar recorded on Thursday. The naira appreciation came amidst a report by the National Bureau of Statistics (NBS) crediting Nigeria with a N5.81trillion trade surplus in…

Punch Newspaper A total of 29 state governors spent N1.994tn on recurrent expenditures, including refreshments, sitting allowances, travelling, and utilities in the first nine months of 2024, findings by The PUNCH have shown. It was also gathered that the states obtained a N533.29bn loan, while it spent N658.93bn to service its debts owed to local,…

The Labour Party (LP) has reacted to the defection of four of its members at the house of representatives to the All Progressives Congress (APC). Tajudeen Abbas, speaker of the house, announced that the lawmakers—Chinedu Okere, Mathew Donatus, Akiba Bassey, and Esosa Iyawe—had crossed over to the ruling party, citing an “internal crisis” within the…

Punch Newspaper The Federal Government has sacked some civil servants with degrees from private tertiary institutions in Benin Republic and Togo, The PUNCH reports. The directive affected federal workers who graduated from the institutions from 2017 to date. The Director of Information and Public Relations in the Office of the Secretary to the Government of…

Afrobeats star Asake has been named Spotify most-streamed Nigerian artiste for 2024, securing such crown for the second time in a row. The announcement highlights a stellar year for Asake, whose unique sound and captivating performances have won over millions of listeners. Following Asake closely on the list of Spotify most-streamed artistes in Nigeria are…

The Police at Force headquarters on Wednesday disclosed that forensic intelligence and investigation into an alleged smuggling scandal of New Bank Notes totalling N74,950,000 which was being moved on behalf of clients has revealed that some officers attempted to steal N43,160,000 of the money Force Public Relations Officer, ACP Muyiwa Adejobi who made this clarification…

Vanguard News AS controversies reign over the tax reform bills, Founder of the Kukah Centre, Bishop Mathew Kukah; the Chartered Institute of Taxation of Nigeria, CITN; Nigeria Employers’ Consultative Association, NECA; and Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, have proffered suggestions on how to make the reforms work. This came as…

Sahara Reporters The Economic and Financial Crimes Commission (EFCC) has narrated before Justice Jude Onwuegbuzie of the High Court of the Federal Capital Territory, Abuja, how former governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele used three companies to pay N2.2 billion to buy a sprawling estate in the Apo area of…

The Nigerian National Petroleum Company Limited (NNPCL) has shed more light on why some applicants did not qualify for the next stage of its 2024 recruitment process. Many applicants took to X (formerly Twitter) to confirm receipt of regret emails from NNPCL. These emails, sent out gradually, inform unsuccessful candidates of the reasons for their…

The Catholic Archbishop of Sokoto Diocese, Rev. Matthew Hassan Kukah, has expressed support for the controversial tax reform bills introduced by Bola Tinubu’s administration, stating that it will put an end to the financial recklessness of the elites. Since their submission to the National Assembly, the tax reform bills have faced criticism, with many claiming…