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Author: Citynews
The Federal Government on Tuesday formally prohibited cash collection of taxes and banned the mounting of roadblocks for revenue enforcement, as part of fresh regulations to implement Nigeria’s new tax laws nationwide. The disclosure was made in Abuja by the Executive Secretary of the Joint Revenue Board, Mr Olusegun Adesokan, during the signing of the Presumptive Tax Regulations and Guidelines on the Implementation of the Tax Laws at the Federal Ministry of Finance. Adesokan said the new framework was designed to end informal, coercive, and fragmented tax practices, particularly at the subnational level. “It bans all forms of cash collection…
The Governor of Akwa Ibom State, Umo Bassey Eno, has dismissed claims that he avoids calls from citizens and stakeholders, describing such remarks as both false and insulting. Governor Eno made the statement while responding to critics who have been warning that Akwa Ibom risks losing control of its 77 oil wells to Cross River State. He emphasised that he is accessible and committed to addressing matters concerning the state.
APC governors adopt Tinubu as sole candidate for 2027 presidential poll.-Ondo governor leads charge, seeks replacement of senators, reps -PGF to meet Tinubu Governors elected on the platform of the All Progressives Congress (APC) are scheming to get their pound of flesh from senators and members of the House of Representatives for what many of them consider a betrayal with respect to recent amendments to the Electoral Act and other sundry infractions. Sunday Vanguard gathered, in Abuja, that the Cold War between APC governors and federal lawmakers from their respective states highlighted over the weekend following President Bola Tinubu’s hint that…
US president signals willingness to engage with Tehran’s surviving leadership as strikes and retaliatory attacks intensify across region Donald Trump said on Sunday he was prepared to talk to what was left of the Iranian leadership after the killing of the country’s supreme leader by US-Israeli airstrikes aimed at overthrowing the regime. Trump was speaking as a second day of intense bombing of Iranian cities and Tehran’s missile counterattacks sent tremors across the region and through the global economy. On Monday the conflict spread to Lebanon as Israel began striking Hezbollah targets, after the group launched missiles and drones towards…
Iran-Israel-US Conflict and CBN’s FX Gains: A Stress Test for Nigeria’s Monetary Stability
BLAISE UDUNZE At the 304th policy meeting held on Wednesday, the 25th February, the Central Bank of Nigeria’s (CBN) Monetary Policy Committee cut the rate by 50 basis points to 26.5 percent from 27 percent, which has been widely described as a cautious transition from prolonged tightening to calibrated easing. The CBN stated that the decision followed 11 consecutive months of disinflation. The economy witnessed headline inflation easing to 15.10 percent in January 2026, and food inflation falling sharply to 8.89 percent. Foreign reserves are climbing to $50.45 billion, their highest level in 13 years. The Purchasing Managers’ Index is…
The Chairman of the Independent National Electoral Commission, Prof. Joash Amupitan, has assured Nigerians that the commission has the capacity to electronically transmit election results in 2027, but cautioned that it may not be able to guarantee a “100 per cent perfect election.” Amupitan spoke on Sunday at the Citizens’ Town Hall programme aired live on major television networks and tagged, ‘Electoral Act 2026: What it means for your votes and the 2027 elections.’ The live electoral debate was anchored by popular presenter Seun Okinbaloye and the Executive Director of Yiaga Africa, Samson Itodo. In attendance were the All Progressives…
by Yusuf Babalola All international and domestic airports in Nigeria currently lack functional WiFi services for arriving and departing passengers, LEADERSHIP has learnt. In today’s global aviation environment, reliable internet connectivity is considered a basic passenger facilitation tool, particularly at international gateways where travellers often need to connect with family members, business associates or coordinate onward travel arrangements. For first-time visitors, access to WiFi is often the first point of communication upon arrival. Recognising its importance, the Federal Ministry of Aviation and Aerospace Development allocated N800 million in the 2026 budget to provide WiFi services at the country’s five international airports…
The head of Hezbollah’s parliamentary faction, Mohammad Raad, was reportedly killed during IDF strikes on Hezbollah targets in Lebanon, Saudi news outlet Al-Hadath reported on Monday morning. The IDF’s precision strikes were carried out in retaliation after Hezbollah launched several projectiles towards northern Israel overnight. The IDF stated it had struck several senior Hezbollah terrorists in Beirut and a “central Hezbollah terrorist” in southern Lebanon, but did not confirm the names of targets. IDF: attacks on Hezbollah will continueIDF Northern Command Chief MG Rafi Milo addressed the ongoing retaliation attack in a statement saying “Hezbollah Chose the Iranian Regime Over the State of Lebanon…
PRESS STATEMENT SUICIDE IS NO SOLUTION – an initiative comprising a group of volunteers engaged in multiple anti-suicide initiatives with the key task of achieving a significant reduction in the rate of deaths by suicide in Nigeria through strong public enlightenment and advocacy campaigns that dissuade citizens from taking their own lives has condemned the rising wave of online suicide related content by Nigerians. The group stated that it has noticed with dismay the alarming rate of suicide themed skits by Nigerian content creators without due regard and sensitivity to suicide contemplators and persons with suicide ideation. It also expressed…
President Bola Tinubu and First Lady, Oluremi Tinubu, have described the General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, as “one of our nation’s greatest gifts” as the renowned clergyman marked his 84th birthday on Sunday. In a joint tribute released on Sunday by the State House, the President and First Lady praised Pastor Adeboye, fondly called Daddy G.O., as “a spiritual fortress, interceding for Nigeria and its people to God Almighty.” The tribute read, “His humility is genuine, and his wisdom runs deep beyond the ordinary. His contributions to our nation extend beyond the pulpit,…
