The naira appreciated to ₦1,394 to the dollar at the official foreign exchange market on Wednesday, marking its strongest performance since May 2024, according to data from the Central Bank of Nigeria (CBN). Figures published on the CBN’s website, which tracks transactions at the Nigerian Foreign Exchange Market (NFEM), show that the local currency […]
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that the newly enacted Nigeria Tax Act 2025 is already increasing the disposable income of low- and middle-income earners through major changes to the Pay-As-You-Earn (PAYE) tax system. Oyedele made this known on Wednesday during a virtual stakeholder engagement […]
UK prosecutors have made fresh, explosive revelations against Nigeria’s former Minister of Petroleum Resources, Diezani Alison-Madueke, alleging that she splurged more than ₦4 billion in just one luxury department store in London during the peak of her time in office. The claim was disclosed in court proceedings in the United Kingdom as part of […]
The Independent National Electoral Commission (INEC) has announced the devolution of its Continuous Voter Registration (CVR) exercise from local government areas (LGAs) to Registration Areas (RAs), popularly known as electoral wards, across Lagos State. The Resident Electoral Commissioner (REC) in Lagos, Mr Ayobami Salami, disclosed this on Tuesday during a media briefing on the […]
The legal team representing Indigenous People of Biafra (IPOB) leader Nnamdi Kanu has criticised a Federal High Court ruling that struck out his application seeking transfer from the Sokoto Correctional Centre to a facility in Abuja or its surrounding areas. Justice James Omotosho dismissed the motion after Kanu’s assigned counsel from the Legal Aid Council, […]
