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President Muhammadu Buhari, on Monday, signed the Finance Bill, which, among others, seeks to increase value-added tax (VAT) from five per cent to 7.5 percent. The president announced this move on his verified Twitter account today. He said “I am pleased to announce that this morning I signed into law the Finance Bill, 2019. “We introduced the bill alongside the 2020 budget, to reform Nigeria’s tax laws to align with global best practices, support MSMEs in line with our Ease of Doing Business Reforms, incentivize investments in infrastructure and capital markets and raise government revenues.” the tweet reads. This is…
Some experts have identified a lack of infrastructure and enabling environment; transparency and accountability; and effective utilisation of public funds, as the major challenge that will beset the expected gains of the Finance Bill signed into law by President Muhammadu Buhari. There are indications that members of the nation’s economic team have already assembled in Abuja to fine-tune modalities for the takeoff of the new law that is mostly centred on raising revenue for the government. A council member of Chartered Institute of Taxation of Nigeria, Mrs Titilayo Fowokan, said the signing into law of the finance plan marked another…
Days after Nigerians widely criticised President Muhammadu Buhari for allowing the use of a presidential jet by his daughter, Hanan Buhari, for a private activity in Bauchi, the president’s wife, Mrs Aisha Buhari has shared a video of her daughter waving to the public from the jet, on Monday. The video, seen by many as a defiant response from the first lady, was posted on Mrs Buhari’s verified Twitter handle as well as her Facebook page on Monday. In the 55-second video, the president’s daughter is seen greeting locals and appreciating cultural sites in what appears to be the North-east…
Paramount Ruler of Yewaland and the Olu of Ilaro, Mr Kehinde Olugbenle who is Chairman of the Chieftaincy Review Committee, Permanent Secretary in the Ministry of Local Government and Chieftaincy Affairs, Mr Kunle Osota and a Director of the Ministry, Mr Adewuyi Adesoji risk being committed to prison for interfering in the Obaship tussle for the vacant seat of the Onipokia of Ipokia, pending before a court of competent jurisdiction in Ogun State. This was contained in a committal proceedings form 35, against the trio for contempt of Court, for interfering in an ongoing legal tussle with suit number AB/253/2019…
Worried about escalating prices of food items, rising poverty level and other economic hardships in the country, Nigerian Senate is processing a bill for the alteration of the constitution to compel Federal Government to take more proactive steps to guarantee food security for Nigerians. Specifically, the bill, named “Constitution of the Federal Republic of Nigeria (Alteration) Bill 2019 (SB 240)” seeks to ensure that the state directs its policy towards food security and makes access to food a fundamental human right in the constitution. The bill, which is being sponsored by Chairman of the Senate Committee on Agriculture, Mr Abdullahi…
Iran’s admission that it shot down a Ukrainian airliner, killing all 176 aboard, has provoked international outrage and triggered growing protests against Iranian authorities in Tehran and other cities including one in which Britain’s ambassador was detained. In what President Hassan Rouhani called a “disastrous mistake”, Iran said on Saturday that a missile fired in error on Wednesday by its air defences while on alert after Iranian missile strikes on U.S. targets in Iraq brought down the plane. Iran had denied for days after the crash that it had shot down the airliner. Even as top Iranian officials and the…
The UK ambassador to Iran was arrested during anti-government protests in Tehran after officials admitted shooting down a passenger plane. Rob Macaire was held for three hours, in what the UK described as a "flagrant violation of international law". It is understood he was attending a vigil for those who died in the crash, which turned into a protest. He left to make his way back to the UK embassy, but was arrested as he stopped at a barber shop for a haircut. In a statement, UK Foreign Secretary Dominic Raab said: "The arrest of our Ambassador in Tehran without…
The Presidency says wife and children of President Muhammadu Buhari have the right to use the Presidential jet when they need to. Senior Special Assistant to the President on Media and Publicity, Mr Garba Shehu, said this in a message sent to The PUNCH on Saturday. Shehu was reacting to criticisms from some Nigerians over the decision of the President to allow his daughter, Hanan, to use the Presidential jet to attend a private function in Bauchi on Thursday. The President’s spokesman said Hanan received approval from her father who in turn informed National Security Adviser. Shehu said, “It’s true…
Joint Admissions and Matriculation Board (JAMB) has suspended the use of National Identification Number for registration for the 2020 Unified Tertiary Matriculation Examination UTME. Registrar of JAMB, Mr Ishaq Oloyede, who stated this while briefing journalists in Abuja on Saturday, said the move was to provide more time for candidates to get their national identification numbers. He said the suspension was also to address the technical challenges experienced at some centres. He asked candidates to disregard the use of NIN for the 2020 registration and strictly comply with other procedures for the registration. He however said that JAMB will consider…
Iran announced Saturday that its military ‘unintentionally’ shot down a Ukrainian jetliner, killing all 176 aboard. The statement came Saturday morning and blamed “human error” for the shootdown. The jetliner, a Boeing 737 operated by Ukrainian International Airlines, went down on the outskirts of Tehran during takeoff just hours after Iran launched a barrage of missiles at U.S. forces. Iran had denied for several days that a missile downed the aircraft. But then the U.S. and Canada, citing intelligence, said they believe Iran shot down the aircraft. The plane, en route to the Ukrainian capital of Kyiv, was carrying 167…
January 16, 2025

USSD debt: NCC approves disconnection of FCMB, Zenith, 7 other banks

The Nigerian Communications Commission (NCC) has authorized Mobile Network Operators (MNOs) – MTN, Airtel, Globacom,…
January 11, 2025

Ohanaeze Ndigbo gets new President-General

John Azuta-Mbata, a former senator, has been elected as the new president-general of Ohanaeze Ndigbo,…
January 17, 2025

Leadership relies on balancing these two forces. Here’s a simple way to approach it

Michel Koopman Leadership lies at the intersection of driving outcomes and cultivating human connection. Balancing…
January 04, 2025

Shy man cuts off 4 fingers instead of telling boss he wanted to quit his…

A 32-year-old Indian man admitted to cutting off four fingers on his left hand to…
January 17, 2025

$9.6bn P&ID scam: Briton declines to call witnesses in court

James Nolan, a British national accused in the $9.6 billion Process and Industrial Development (P&ID)…
January 17, 2025

Here’s the latest as Israel-Hamas war enters Day 469

Israel set to approve Gaza ceasefire, hostage deal, Netanyahu's office says The Israeli cabinet will…
December 25, 2024

Stem cell therapy to correct heart failure in children could 'transform lives'

Renowned visionary English physician William Harvey wrote in 1651 about how our blood contains all…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

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