By Ayomide Otitoju The House of Representatives Committee on Public Petitions has summoned the Comptroller General of the Nigeria Customs Service (NCS), Adewale Adeniyi, to appear before it on Tuesday next week. According to a statement by Chook Oko, Head of Media for the committee, Adeniyi is expected to respond to a petition alleging that…
By Ayomide Otitoju The Nigeria Customs Service (NCS) has announced the suspension of the implementation of a 4% Free-on-Board (FOB) charge on imports following intense opposition from industry stakeholders. In a statement on Tuesday, Customs spokesperson Abdullahi Maiwada said the suspension would allow for further consultations between the Minister of Finance, Olawale Edun, and relevant…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has announced that the Kaduna Refinery and Petrochemicals Company (KDPRC) has achieved over 60% mechanical completion, signaling progress in its ongoing rehabilitation efforts. NNPCL’s Executive Vice President (Downstream), Isiyaku Abdullahi, disclosed this in Abuja during a workshop and engagement session with Kannywood artistes. “Kaduna, in…
By Ayomide Otitoju The House of Representatives on Tuesday demanded the immediate suspension of the recently approved 50% increase in telecom tariffs, citing the ongoing economic hardship in the country. The resolution followed a motion of urgent national importance moved by lawmaker Oboku Oforji. The House also criticized the poor service delivery by telecom operators,…
Russia on Wednesday dismissed any possibility of exchanging occupied Ukrainian territory for Russian-held land, just hours after launching a wave of drone and missile strikes on Kyiv that left one person dead and several injured. Ukrainian President Volodymyr Zelensky had suggested the idea of swapping Ukrainian-controlled parts of Russia’s Kursk region for Russian-occupied areas in…
A Saudi company will invest $5 billion to establish an artificial intelligence (AI) data centre in NEOM, the kingdom’s futuristic megacity, state media reported. The agreement, signed between DataVolt and NEOM, will finance the development of a fully sustainable AI data centre with a capacity of 1.5 gigawatts, according to the official Saudi Press Agency…
By Ayomide Otitoju The House of Representatives on Wednesday commenced debates on four tax reform bills transmitted to the National Assembly in 2024 by President Bola Tinubu. The bills, which include the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill, are scheduled…
By Ayomide Otitoju The Federal Government has officially taken full ownership of Keystone Bank, following a ruling by the Lagos State Special Offences Court on Tuesday, February 11, 2025. In a statement posted on the bank’s X handle, Keystone Bank clarified media reports surrounding the court’s decision, which involved the status of the bank’s former…
The Senate Public Accounts Committee (SPAC) has raised concerns over multiple irregularities within the Nigeria Police Force (NPF), including financial mismanagement and the disappearance of over 3,900 firearms, including AK-47 rifles feared to be in the hands of criminals. During a review of the Auditor-General’s report, lawmakers uncovered eight infractions against the police, including contract…
