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NEWS

PICTORIAL: Drama as security aide denies Shaibu access to Obaseki

There was a drama in Edo State Government House as security personnel restrained the deputy governor, Philip Shaibu, from assessing the Governor, Godwin Obaseki at a public function on Sunday. In the viral photos on social media platforms, Obaseki was seen sitting with his wife while the security aide stood in front of him to stop the access at the Interdenominational Thanksgiving Church Service to mark Edo’s 32nd year anniversary, […]

todayAugust 28, 2023 9

NEWS

DG not involved in any fraud, says PenCom

The National Pension Commission has dismissed documents in circulation purporting that its Director-General, Mrs. Aisha Dahir-Umar, spent millions of dollars on travel during the COVID-19 pandemic. In a statement, PenCom described said the accusation against the director-general was a figment of the imagination of its promoters. It maintained that Dahir-Umar could not get the ‘humongous estacodes’ even if she spent two years outside the country. PenCom said, “Management would like […]

todayJuly 31, 2023 11

BUSINESS

Global petrol price rises by 20%

Price of petrol may to rise further as international market data revealed that the commodity has gained 20 per cent. At the beginning of 2023, Brent crude traded around $78 per barrel. However, last week, the international benchmark hit $83 per barrel. On the other hand, petrol prices started the year at less than $2.50 per gallon. Last week, it hit $2.90 per gallon, and analysts said it could reach […]

todayJuly 31, 2023 10

NEWS

BREAKING: Drama as DSS, prison services tussle over Emefiele’s custody

A mild drama played out at the Federal High Court, Lagos between operatives of the Department of State Services and officials of Nigeria Correctional Service as they tussled over who keeps custody of the suspended Central Bank of Nigeria Governor, Godwin Emefiele. Emefiele was arraigned by the Federal Ministry of Justice for illegal possession of firearms and ammunition but was granted bail in the sum of N20m with one surety, […]

todayJuly 25, 2023 113

NEWS

Navy uncovers vandalised NNPCL oil well, arrests four

The Nigerian Navy has excavated and dismantled oil equipment of a suspected oil syndicate on Oil Mining Lease-18 in Elem Krakama Creek in the Degema Local Government Area of Rivers State. The Navy said it dismantled the equipment used in siphoning crude precisely on Oil Well 17 operated by the Nigerian National Petroleum Company Limited. The Commander, Nigerian Navy Ship Pathfinder, Commodore Suleman Ibrahim, said the Navy spotted the illicit […]

todayJuly 17, 2023 59

BUSINESS

NLC protests Tinubu’s N500bn subsidy palliative, demands 300% pay rise

•Reps sit on N500bn subsidy relief request today, FG, Labour for fresh negotiations •N500bn not enough for 125 million poor Nigerians affected by deregulation – NLC, TUC The Nigeria Labour Congress and the Trade Union Congress have thumbed down the N500bn palliative proposed by President Bola Tinubu, stating that it is grossly inadequate to assuage the hardships confronting workers sequel to the fuel subsidy removal. They are demanding a 300 […]

todayJuly 13, 2023 10

BUSINESS

Traders, mechanics pay N167bn, decry multiple taxation

Nigerians engaged in wholesale and retail trade and repair of motor vehicles and motorcycles paid a total tax of N167.45bn between the first quarter of 2022 and Q1 2023, according to findings. The total tax was raised from Value Added Tax and Company Income Tax. According to the Federal Inland Revenue Service, CIT is a 30 per cent tax imposed on the profit of companies and VAT is a 7.5 […]

todayJuly 10, 2023 100

BUSINESS

Power distribution companies have stepped down on their earlier announcement of a tariff hike projected

Power distribution companies have stepped down on their earlier announcement of a tariff hike projected to take effect from July 1, 2023, as they stated that the Nigerian Electricity Regulatory Commission had yet to approve the hike. This is as various public notices from some of the Discos had stated that the electricity tariff would be raised by about 30 to 40 per cent for selected categories of consumers on […]

todayJune 27, 2023 94

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