Korede Abdullah in Lagos A federal high court in Lagos has ordered the final forfeiture of $2.045 million and seven properties linked to Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN). The properties include two fully detached duplexes in Lekki Phase 1, an undeveloped land in Ikoyi, and a four-bedroom duplex…
President Bola Tinubu has opted to keep four tax reform bills with the National Assembly, despite the National Economic Council (NEC)’s recommendation to withdraw them for further consultation. Tinubu acknowledged the NEC’s advice, led by Vice President Kashim Shettima and the 36 State Governors, but believes the current legislative process allows for adequate consultation and…
In a decisive step to ensure food safety, the National Agency for Food and Drug Administration and Control (NAFDAC) has shut down a warehouse in Abuja’s Wuse Zone 4, filled with expired and unregistered food items worth about 87.5 million naira. The discovery highlights the agency’s commitment to combating the distribution of unsafe food products,…
The Federal Government of Nigeria has reaffirmed President Bola Tinubu’s commitment to enhancing relations with China, following recent agreements between the two nations. This assurance was made by the Director-General of the Nigeria-China Strategic Partnership, Joseph Tegbe during a meeting with a delegation from the China National Development and Reform Commission in Abuja on Friday….
Korede Abdullah in Lagos In a bold move to combat piracy, the Nigerian Copyright Commission (NCC) conducted a raid on several bookshops in the Ajegunle Boundary area of Lagos State, seizing pirated books valued at approximately N20 million. The operation, led by Deputy Director and Head of Operations Mr. Charles Amudipe, was carried out with…
Hussaini Kafi in Kano The National Economic Council (NEC) has urged the federal government to withdraw the Tax Reform Bill currently before the National Assembly. The decision was made to allow for broader consultations and consensus-building among key stakeholders. Governor Seyi Makinde of Oyo State, who briefed State House Correspondents after the NEC meeting, explained…
Korede Abdullah in Lagos Nigeria’s cocoa production is poised for a significant boost, with projections indicating a 10% increase in 2024, driven by historically high cocoa prices in the international market. According to the AFEX 2024 wet season report, the elevated prices have incentivized farmers to produce more, while cocoa seedling projects initiated in previous…
Hussaini Kafi in Kano Kano State Government has regretted the recent total blackout of electricity supply in Northern Nigeria, with significant economic loss worth billions of naira in Kano. Governor Abba Kabir Yusuf raised the concern when he received the Minister of Power, Chief Adebayo Adelabu on courtesy visit at Government House in Kano. The…
Korede Abdullah in Lagos Nigeria is set to receive a massive influx of wheat, with 688,793 metric tonnes scheduled to arrive at various seaports across the country by the end of October 2024. This significant importation is expected to reduce food prices, making essential commodities more affordable for citizens. The wheat, loaded into seven vessels,…
Hussaini Kafi in Kano Imrana Jino, a businessman in Kano, has announced plans to sue the Federal Government and the Transmission Company of Nigeria (TCN) in response to the ongoing national grid failures that have plunged Northern Nigeria into darkness. During a press briefing in Katsina, Jino expressed outrage over the persistent power outages, which…
