Nigeria’s agricultural sector spearheaded the remarkable growth in Company Income Tax (CIT) during the second quarter of 2024, recording an impressive 474.50% quarter-on-quarter increase, according to a report released on Monday by the National Bureau of Statistics (NBS). The report shows that CIT for Q2 2024 reached N2.47 trillion, reflecting a substantial 150.83% rise from…
For the first time, Vice President Kamala Harris and former President Donald Trump will meet in person, offering millions of Americans a front-row seat to their highly anticipated debate. The Democratic vice president and Republican former president are set to square off in Philadelphia on Tuesday in what could be their only televised face-off before…
Former Vice President Atiku Abubakar has criticized the federal government’s plan to raise the Value Added Tax (VAT) from 7.5% to 10%, warning that the move would worsen Nigeria’s cost-of-living crisis. In a statement posted on his X handle on Sunday, Atiku described the policy as a “blazing inferno” that would consume the very essence…
The National Agency for Food and Drug Administration and Control (NAFDAC) has raised alarm over the activities of Christ Mercy Land Deliverance Ministries, led by Prophet Jeremiah Fufeyin, accusing the religious organization of using the agency’s name to mislead the public. In a statement issued on Sunday, NAFDAC’s Director General, Prof. Mojisola Adeyeye, clarified that…
The Dangote Refinery may soon begin exporting its Premium Motor Spirit (PMS) after the Nigerian National Petroleum Company Limited (NNPC) refused to be the refinery’s sole buyer. The NNPC stated it would only purchase petrol from the refinery if its prices were lower than international rates. In a statement released on Saturday, NNPC spokesman Olufemi…
In a continued effort to promote innovation and support economic growth in Kogi Central, the Chairman of the Senate Committee on Local Content, Senator Natasha Akpoti-Uduaghan, has empowered students from tertiary institutions with multipurpose business carts and facilitated free Corporate Affairs Commission (CAC) registration for 2,500 Small and Medium Enterprises (SMEs) in the district. The…
Mr. Abiodun Adebimpe, President of the Association of Asset Custodians of Nigeria (AACN), provides an in-depth analysis of Nigeria’s economic landscape, highlighting the challenges and opportunities ahead, while also offering insights into AACN’s forthcoming annual conference. Challenges in Nigeria’s Economic Environment In a candid reflection, Adebimpe acknowledges the tough realities faced by the Nigerian economy….
Russia announced on Saturday that its forces had seized control of another village in eastern Ukraine, as Moscow’s military continues its push in the region. According to the Russian Defence Ministry, troops have “liberated the village of Kalynove” in Ukraine’s Donetsk region. The village is located about 25 kilometres southeast of Pokrovsk, a key logistics…
Nigeria’s Super Eagles kicked off their 2025 Africa Cup of Nations qualifying campaign with a commanding 3-0 win over Benin Republic at the Godswill Akpabio International Stadium in Uyo on Saturday. Goals from Ademola Lookman and Victor Osimhen secured the victory for the 2024 AFCON runners-up. Lookman, recently nominated for the 2024 Ballon d’Or, celebrated…
