Government

A new law being proposed by the National Assembly as part of an amendment to the Electric Power Sector Reform Act (EPSRA) may compel electricity generation companies to fund host communities with five per cent of their revenue, thereby further increasing the cost of electricity in the country. The bill, …

Leader of the Yoruba socio-political group, Afenifere, Chief Ayo Adebanjo, has again hit out hard on the Federal Government’s plan to establish Farm Estate in states across the country, insisting that such plan is not recognised by law and should be disregarded by state governors. Pa Adebanjo pointed out that …

Forex companies share list of suspicious transactions with apex bank Amid desperate moves by the Central Bank of Nigeria to sanitise the forex market and halt the naira’s free fall, the Association of Bureaux De Change Operators of Nigeria says it has begun sharing suspicious transactions by its members with …

Strong Indications have emerged that the attempt by the Federal Inland Revenue Service to have the exclusive powers to collect Value Added Tax has stalled at the National Assembly. Investigations by our correspondent revealed that the two chambers of the federal parliament would not debate the controversial issues of the …

The Ondo State Governor, Rotimi Akeredolu, has warned that the bid by some interests to amend the Value Added Tax (VAT) to favour the Federal Government against other tiers of government will fail. This is coming a day after the Governor presided over a southern governors meeting in Enugu in …

Jolted by two consecutive investigative reports by Newsextra24 x-raying procurement irregularities and sophisticated corruption of due process at the Nigerian National Petroleum Corporation (NNPC), the presidency this week summoned the Corporation’s Group Managing Director (GMD), Mele Kyari, to the Villa. The GMD was summoned to explain how, under his watch, …

Beyond stressing the compelling need to be placated after the alleged injustice meted to the zone at the 2017 national convention of the Peoples Democratic Party (PDP), stakeholders from the South West zone are cautioning against a repeat of such scenario, failure of which they insist the party’s fortunes will …

  DRIVING through most of the federal roads that crisscross the South-East geopolitical zone has become very agonizing. The Enugu-Onitsha, Onitsha Owerri, Aba-Owerri, Owerri-Umuahia, Enugu-Abakaliki, Oba-Nnewi-Okigwe, among many others are in deplorable condition. For instance, the journey from Enugu to Onitsha which, in the good old days, used to take …

Forty-seven days to the Anambra State governorship election, billed to hold on November 6, 2021, the major political parties in the state are being weighed down by endless litigations The three major political parties – the ruling All Progressives Grand Alliance (APGA), the Peoples Democratic Party (PDP) and All Progressives …

In what seem to be a consideration of the suffering it’s proposed nationwide strike scheduled to commence today, September 18, 2021, will cause Nigerians, the National Executive Council of the Joint Health Sector Unions (JOHESU) says it has stepped down its planned industrial action. The union went on to say; …