A medium range aircraft Embraer 145 belonging to a premium services provider Xejet Airlines has skidded off the runway and plunged into the grass areas of Runway 18Left of Lagos Airport. The aircraft with 52 passengers and the crew members on board departed Abuja Airport before the incident at the runway of Lagos Airport. According…
By Micheal Adeyemo Two Financial Experts have appealed to the federal government to make Cyber Security levy part of budgetary allocation, rather than imposing it on Nigerians. The Financial Experts, Mr Bello Muhammad and Mr Wale Akintola made this known on Pensioners FM’s Weekend Current Affairs programme “Voice of Liberation”. Mr Muhammad and Mr Akintola,…
The International Monetary Fund has advised Nigeria to ask global crypto trading platforms to register or obtain licenses to operate in the country, subjecting them to regulatory requirements. This recommendation was made in the IMF’s latest staff report, released on Thursday, following the conclusion of its 2024 Article IV consultation with Nigeria. The IMF emphasised…
Nigerian Labour Congress, NLC, Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), others yesterday faulted the timing of the newly imposed 0.5 percent tax on most electronic transactions by the Central Bank of Nigeria (CBN). The CBN announced the new tax on Monday, explaining that the new charge was part of efforts…
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has identified the huge purchases of food items by the government as palliatives for distribution to vulnerable citizens as a contributor to the galloping food inflation in the country. He disclosed this in his contributions during the March Monetary Policy Committee meeting, which was published…
Yetunde Oke A public affairs analyst, Comrade Abiodun Bamgboye has urged Organised Labour to remain steadfast in its demand for 615,000 naira as proposed minimum wage for workers. Comrade Bamgboye made this known while featuring on Pensioners FM political programme, ‘The Searchlight.’ Comrade Bamgboye, who noted that if economic challenges do not affect the take…
Senator representing Edo North, Adams Oshiomhole has described the current N30,000 minimum wage as a joke. Oshiomhole stated this in an interview on Wednesday. He said the pay package of workers should increase in the face of the current reality with prices of things skyrocketing. The lawmaker said the Nigerian workers and the Federal Government,…
Deputy Speaker of the House of Representatives, Benjamin Kalu, has said that Nigeria’s current tax system is suffering from inefficiency, leading to some of the lowest tax collection rates in the world.Speaking at a two day retreat of the House on Economic transformation and development on Tuesday in Abuja, Kalu put the nation’s tax collection…
Socio-Economic Rights and Accountability Project, SERAP, has sued the Nigerian National Petroleum Company, NNPC Limited, over the “failure to account for and explain the whereabouts of the alleged missing USD$2.04 billion and N164 billion oil revenues.” This is amid the allegations documented in the recently published 2020 audited report by the Auditor General of the…
The Federal Government has begun the demolition of properties affected by the right of way on the Lagos-Calabar coastal highway construction. The Minister of Works, David Umahi, made this known in a statement released by Mr Orji Uchenna, his Special Adviser on Media, on Sunday in Abuja. Senator Umahi said the project would mark a…