News

The Federal Government has announced an increase in the tax exemption threshold for Small and Medium enterprises (SMEs) from ₦25 million to ₦50 million in annual turnover, highlighting the significant benefits of the Tax reform bills for small businesses.According to a statement signed by the management of the Small and Medium Enterprises Agency of Nigeria (SMEDAN), Director General Charles Odii will embark on a sensiti...

President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to transforming Nigeria into a global leader in agricultural exports by 2025. President Tinubu made this pledge at the Road to South-South National Convergence for the Renewed Hope Agenda, held at the State House Conference Centre, Abuja.The President, who was represented by the Minister of Regional Development, Abubakar Momoh, outlined his adm...

The President of the Nigeria Labour Congress (NLC), Joe Ajaero, has urged Nigerian youths to remain committed to the nation and fight for its transformation, instead of succumbing to the culture of “japa”—a colloquial term for emigrating in search of greener pastures.Ajaero made the call at the 3rd Quadrennial Delegates Conference of the National Youth Council of the NLC held in Abuja.The NLC President lamented the economic challenges faci...

Federal Capital Territory FCT Minister, Ezenwo Nyesom Wike and the Attorney General and Minister of Justice, Prince Lateef Fagbemi have called for the amendment of the Tertiary Education Trust Fund (TETFund) Act 2021 (as amended) to incorporate the Nigeria Law School as one of its beneficiaries.The duo made the advocacy in Abuja where the AGF turned the sod for the construction of 10 sets of 4-bedroom bungalows for staff of the Nigeria Law School, Bwari, Abuja. Th...

Governor Babajide Sanwo-Olu has appealed to landlords and landowners in Ifako-Ijaiye LGA not to increase rents of houses and shops. He made the appeal at the inauguration of the Abiola/Ajayi/Ogba and Obawole-Iju-Ishaga roads.The 643-metre road construction began on October 24, 2022.The 643-metre road, including a bridge with slip roads, pr...

Former Nigerian President, Chief Olusegun Obasanjo, has asserted that the fight against corruption can only succeed if it begins with accountability among top government officials. Speaking during an interactive Zoom session titled “Boiling Point Arena”, hosted by a private radio station in Abeokuta, Ogun State, Obasanjo emphasized that tackling corruption at the leadership level sets a critical example for the entire nation....

Senators from the South East geopolitical zone of Nigeria, under the aegis of the South East Senators’ Forum, have expressed their support for broader consultations on the Tax Reform Bills currently before the National Assembly. The senators are calling for more engagement with various groups and stakeholders before the bills are fully considered and potentially passed by both chambers of the National Assembly.Speaking in Abuja after a closed-door meeting wi...

As Nigeria joins the global community to mark the 2024 International Anti-Corruption Day, the Federal Government has called for active participation of youths in the fight against corruption. At a high-level seminar themed “Uniting with Youth Against Corruption: Shaping Tomorrow’s Integrity,” organized by the the Inter-Agency Task Team, IATT, in collaboration with the European Union, Rule of Law and Anti-Corruption, RoLAC Programme, the United Nations Office on Dr...

The Rector of Osun State College of Technology, Esa-Oke, Dr Samson Adegoke, has called on all levels of Government to prioritise investment in Polytechnic education to drive Nigeria’s development.Speaking during a pre-convocation press conference ahead of the 8th combined convocation ceremony of the institution, Adegoke lamented the neglect of polytechnics in the country.He emphasised that achieving meaningful progress requires a shift in p...

Nigeria has exited the list of countries blocking the repatriation of airline funds, a new report by the International Air Transport Association. This was as the Geneva, Switzerland-based IATA noted that airlines’ trapped funds globally currently amount to $1.7bn. A small improvement compared to the $1.8bn reported at the end of April.This latest significant development means Nigerian authorities have resolved the issue of frozen airline revenues, allowing i...