By Ayomide Otitoju Five people were injured after a regional train derailed early Monday near Goppenstein in southern Switzerland, as authorities warned of high avalanche risk in the region. Police said the accident occurred around 7:00 a.m. (0600 GMT) with 29 passengers on board. More than two dozen people were evacuated to safety, while one…
By Ayomide Otitoju The Presidential Fiscal Policy and Tax Reforms Committee has dismissed as false a viral video claiming that new tax laws would take effect in 2027 and impose a 25 per cent tax on funds for building materials and other transactions. committee clarified that the Nigeria Tax Act 2025 has already commenced and…
By Ayomide Otitoju The Director-General of the Nigeria–China Strategic Partnership (NCSP), Joseph Tegbe, has congratulated the Government and people of China as they celebrate the Spring Festival and usher in a new Lunar Year, noting that the occasion coincides with the 55th anniversary of diplomatic relations between Nigeria and China. In a statement, Tegbe described…
By Ayomide Otitoju Polaris Bank has introduced a new Gift Card feature on its digital lifestyle platform, VULTe, enabling customers to send global brand gift cards to family and friends across borders within seconds. The bank said the feature is designed to offer speed, security and convenience, allowing users to select from a wide range…
By Ayomide Otitoju Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd. to support the expansion of the Dangote Petroleum Refinery & Petrochemicals from 650,000 barrels per day to 1.4 million barrels per day. The expansion, once completed within the next three years, is expected to position the…
By Ayomide Otitoju The Nigeria Customs Service (NCS) has clarified that it does not determine or alter foreign exchange rates used in import and export valuation, stating that it relies solely on official figures transmitted by the Central Bank of Nigeria (CBN). In a statement issued by its National Public Relations Officer, Abdullahi Maiwada, the…
By Ayomide Otitoju Chairman of Heirs Holdings and member of the Presidential Economic Council, Tony Elumelu, has lauded President Bola Tinubu for economic reforms he said have ended the era of foreign exchange (FX) scarcity in Nigeria. Elumelu spoke on Friday after meeting with the President at the Presidential Villa in Abuja, where discussions centred…
By Aytomide Otitoju Residents of Tungan-Makeri and Konkoso in Borgu Local Government Area of Niger State are counting their losses after suspected bandits launched a deadly attack that left six persons dead and a police station destroyed. The coordinated assault reportedly began late Friday night in Tungan-Makeri, where heavily armed men stormed the community, shooting…
By Ayomide Otitoju The Federal Government has filed a three-count charge against former Kaduna State governor, Nasir El-Rufai, over the alleged unlawful interception of communications belonging to the National Security Adviser (NSA), Nuhu Ribadu. The charges were instituted by the Department of State Services (DSS) at the Federal High Court, Abuja Judicial Division. Last week,…
