NEDC set to distribute 10,000 Electric Vehicles, Tricycles for six North East states
By Ndahi Salihu, Maiduguri The North East Development Commission (NEDC) is set to distribute 10,000 electric vehicles, tricycles and taxis …
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Insecurity: Kogi, Edo Police Commands Strengthen Interstate Security Collaboration
From Joseph Amedu, Lokoja The Commissioner of Police, Kogi Command, Naziru Bello Kankarofi and his Edo State counterpart, Patrick Daaor, …
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Presidency, Transparency international, Atiku Clash over US Report on Nigeria’s Public Finance
From Victor Osula,Abuja The Presidency, Transparency International and Presidential candidate of the Afrcian Democratic Congress, Atiku Abubakar have exchanged hots …
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IGP Declares Total Crackdown On Jungle Justice
The Inspector-General of Police, Olatunji Disu, has issued a stern warning to Nigerians that participating in, encouraging, filming or circulating …
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Yilwatda, Sultan Call for Religious Tolerance, Unity to Build Greater Nigeria
The National Chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, and the Sultan of Sokoto, His Eminence Muhammad …
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Smugglers Ferry 230 Migrants in Single Boat Into UK
Organized smuggling network has achieved a daring feat by ferrying a record 230 migrants across the English Channel to the …
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PwC Warns Crypto Traders, Merchants Of Penalties Under NRS Tax Regime
Businesses and individuals involved in virtual-asset activities like cryptocurrency, non- fungible tokens and utility tokens may face penalties running into millions of naira for non-compliance, following a set of tax rules set by the Niger Revenue Service, NRS, PwC Nigeria has said. According to the professional services firm, taxpayers who default on specified obligations could face a ₦10 million penalty for the first month of default and ₦1 million for every subsequent month. In a report, the firm highlights the compliance implications of the NRS guidelines as Nigeria seeks to bring income and gains from virtual assets more clearly within the tax system. PwC said a single virtual-asset transaction could trigger different tax liabilities depending on the event giving rise …
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Dangote Refinery Prioritises $5bn Nigerian IPO Over Foreign Listing
Dangote Petroleum Refinery has declared that it will not pursue an overseas stock market listing for at least three years but rather focus on its planned Nigerian initial public offering and builds a longer operating and financial track record. According to its Chief Executive Officer of the refinery, David Bird, during an interview with Reuters, the refinery is targeting a $5bn IPO by October, an offering that could become the largest stock market listing in Africa and give Nigerian investors direct exposure to the company. Bird said the refinery wants to establish several years of proven production and financial performance before considering an overseas listing. The approach could allow the company to demonstrate more consistent earnings and operating performance to international …
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FG Floats ₦1.1trn Bond Offer for August 17 Auction Date
The Federal Government has returned to the domestic debt market with a ₦1.1 The Debt Management Office (DMO) announced fresh N1.1 trillion subscriptions for three bond re-openings and fixed August 17, 2026, for the auction. According to the DMO on Thursday, the offer represents one of the largest domestic bond issuances in recent months and is to mobilise long-term capital from institutional investors to support government financing needs. The DMO said investors can subscribe to the bonds at ₦1,000 per unit, subject to a minimum investment of ₦50 million and in multiples of ₦1,000 thereafter. The first instrument is the January 2035 FGN Bond, a 10-year re-opening valued at ₦250 billion with a coupon rate of 22.60 percent per annum …
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Nigeria’s Tax Revenue Hits ₦27.1trn
By Ayo Kehinde Nigeria’s tax collections rose by 113 percent from ₦12.3 trillion in 2023 to ₦27.1 trillion as of July 2026, according to an internal report by the Nigeria Revenue Service. The revenue authority attributed the increase to the digitisation of the tax system, the enactment of four new tax reform laws, reforms within the agency and an executive order designed to close loopholes. The NRS said the development was part of broader reforms that had moved the economy from what it described as severe macroeconomic distress towards greater stability. It identified the major challenges inherited by the Bola Tinubu administration as an unsustainable fuel subsidy regime, an opaque foreign exchange system, weak oil-sector performance and a tax base …
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Dangote Refinery Cuts Petrol Price To ₦1,165, Diesel To ₦1,570
Following the fall in Brent Price from $100 per barrel to $79 pb in the wake a c lull in the Middle East war, Dangote Petroleum Refinery has announced a fresh reduction in the ex-depot prices of petrol and diesel, lowering the cost of Premium Motor Spirit (PMS) to ₦1,165 per litre and Automotive Gas Oil (diesel) to ₦1,570 per litre. The new pricing, announced on Wednesday, reduces the ex-depot price of petrol by ₦50 from ₦1,215 per litre, while diesel falls by ₦80 from ₦1,650 per litre. The refinery, however, said the adjustment forms part of its efforts to make refined petroleum products more affordable, improve access to fuel and support economic activity across the country. The Dangote Group …
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Atiku Seeks Tinubu’s Disqualification Over Certificate Allegations
From Victor Osula, Abuja Former Vice President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has launched a fresh …
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NEDC set to distribute 10,000 Electric Vehicles, Tricycles for six North East states
By Ndahi Salihu, Maiduguri The North East Development Commission (NEDC) is set to distribute 10,000 electric vehicles, tricycles and taxis …
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How Offodile Ignited the Anambra Struggle, By IfeanyiChukwu Afuba
Historians are agreed that a single spark can cause the course of change simmering in a society. In his recent …
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PwC Warns Crypto Traders, Merchants Of Penalties Under NRS Tax Regime
Businesses and individuals involved in virtual-asset activities like cryptocurrency, non- fungible tokens and utility tokens may face penalties running into …
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Tinubu Sues for Credible Poll, Directs Security Agencies to Keep Troublemakers Away
By Ayo Kehinde President Bola Tinubu has challenged the Independent National Electoral Commission (INEC) to deliver a transparent, free and …
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Peter Obi Warns Against Bloodshed, Demands Free, Fair Poll in Osun
Presidential candidate of the Nigeria Democratic Congress, NDC, Peter Obi, has appealed to the international community, diplomatic missions and election …
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Sheikh Jingir Restates Support for APC Muslim -Muslim Ticket, Anti- Christian Remarks
A few days after he raised a whirlwind in the polity with his fanatical support for the governing All Progressives …
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Yilwatda, Sultan Call for Religious Tolerance, Unity to Build Greater Nigeria
The National Chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, and the Sultan of Sokoto, His Eminence Muhammad …
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Scandal Rocks UNILAG As NDPC Opens Forensic Probe Into Lotus Bank, Hackerbella Over Student Data Breach
By Ayo Kehinde The University of Lagos UNILAG, is in the center of a major data privacy breach after the …
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What Happened To Nigeria’s $20 Billion?, Promise Adiele
Nigeria is subliminally going through perilous times. Unfortunately, the factors responsible for these conditions are dangerously explained away politically. The …
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