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Banks remit N205bn in windfall taxes, still owe FG N600bn as fiscal pressures mount
Amid Nigeria’s ongoing revenue drive, commercial banks have remitted N205 billion in windfall taxes to the Federal Government, while an outstanding N600 billion remains unpaid. This development has reignited discussions...
Read moreDetailsFG, Dangote Refinery in talks over Naira-for-Crude deal in wake of massive oil imports
The Federal Government and Dangote Refinery are set to engage in high-level discussions on a potential naira-for-crude arrangement following the refinery’s importation of 12.6 million barrels of crude oil. The...
Read moreDetailsGovernor Yusuf seeks justice for slain Kano hunters in Edo
Kano State Governor, Abba Kabir Yusuf, has demanded justice and compensation for the families of hunters from Kano who were killed in Edo State under circumstances that remain contentious. The...
Read moreDetailsEid-el-Fitr in a Time of Hardship: Nigerians celebrate amid economic struggles
As Muslims across Nigeria mark the end of Ramadan with Eid-el-Fitr celebrations, the mood this year is markedly subdued. Across major cities and rural communities, many families are scaling down...
Read moreDetailsReps committee recovers N21.4bn from oil firms in revenue leakages probe
The House of Representatives Committee on Public Accounts has announced the recovery of N21.4 billion from four oil companies as part of its ongoing investigation into revenue leakages in the...
Read moreDetailsSDP will not be a safe haven for political merchants – Adebayo declares
The Social Democratic Party (SDP) has vowed to resist any attempts by political figures with questionable intentions to infiltrate its ranks, stating that it will not serve as a "safe...
Read moreDetailsSenate moves to cut election costs, campaign duration amid economic concerns
In a bid to address the rising cost of elections and streamline the electoral process, the Nigerian Senate is considering reforms that could significantly reduce campaign expenses and shorten the...
Read moreDetailsHeathrow Airport defends shutdown decision in growing backlash
Heathrow Airport has come under intense scrutiny following its decision to shut down operations temporarily, a move that has sparked a blame game between airport authorities, airlines, and government officials....
Read moreDetailsGas explosion rocks Rivers State facility, sparks safety concerns
A powerful explosion at a gas processing facility in Rivers State has reignited concerns over industrial safety and regulatory oversight in Nigeria’s oil-producing region. The incident, which occurred late Monday...
Read moreDetailsCBN moves to stabilize Naira, boost foreign reserves amid economic pressures
In a bid to stabilize the Naira and reinforce Nigeria’s dwindling foreign reserves, the Central Bank of Nigeria (CBN) has intensified efforts to manage exchange rate volatility and attract foreign...
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