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State govts split over Tax Reform bills

States of the federation were split over the controversial Tax Reform Bills before the National Assembly. While some are in support, many are against it entirely, while others are kicking against some sections. A number of states said they are still studying the bills to take a stand.

Tax reform: Don’t be in a rush, hold public hearing – Peter Obi tells FG

Peter Obi, the Labour Party (LP) presidential candidate in the 2023 election, has called on the federal government to hold a public hearing before enacting the proposed tax reform bills. In a statement released on Monday, Obi emphasized the significance of tax reform, noting that while it is a critical issue, it should be approached […]

Police rescue 4 children from traffickers, arrest 2 suspects

By Davies Iheamnachor Four children were reportedly rescued from suspected child traffickers by operatives of the Rivers State Police Command. The police operatives also arrested two persons linked to the development. The children were rescued from a hotel somewhere in Rumukwachi community in Ohio/Akpor Local Government Area of the state. The Police Public Relations Officer […]

Ogumu flays Akpeki’s appointment as Delta APC’s acting chairman

House of Assembly candidate of the All Progressives Congress, APC, in the Ika North-East State Constituency for the 2023 general elections, Mr. Promise Ogumu, has frowned at the appointment of Chief Paulinus Akpeki as Acting Chairman of the party in the State. Ogumu, in a statement, rejected the appointment, describing it as an aberration. He […]

Forex: Turnover in NAFEM rises 61% to $43bn

•As naira records mixed performance By Elizabeth Adegbesan The volume of dollar traded (turnover) in the Nigerian Foreign Exchange Market, NAFEM, rose Year-on-Year (YoY) by    61.9 percent    to $43.09 billion in the first eleven months of    2024 (11M’24) from $26.6 billion in the corresponding period of 2023. Details of the quarterly transactions in […]

Police arrest lady for alleged human trafficking

By Jimitota Onoyume A lady allegedly involved in the trafficking of teenage girls in Eku, Ethiope East Local Government Area of Delta State, has been arrested by the police. It was gathered that the lady , who runs a tailoring shop, had trafficked several girls to neighbouring Africa countries for prostitution. Residents said she belongs […]

Inflationary pressures hamper business operations in November

•As PMI remains below 50.0 points By Peter Egwuatu Sustained rise in inflation rate has stagnated business operations in Nigeria with the Purchasing Managers’ Index, PMI, still below the 50.0 points readings. PMI tracks operating environment of businesses which leads to improvement or otherwise in business performance.    PMI readings above 50.0 signal an improvement in […]

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