#featured

Following threats of protests by aviation sector workers, Nigeria’s federal government has reduced the airline’s Internal Revenue (IGR) deduction to 20 per cent from the initially proposed 50 per cent. The reduction was announced by Gbenga Saka, special adviser on digital media to Festus Keyamo, minister of aviation and aerospace development on his X page on Friday. Ripples Nigeria has …

Here are the top 10 stories making headlines across the country. 1. Chinese firm releases Nigerian plane seized for Tinubu’s trip to France Chinese firm Zhongshan Fucheng Industrial Investment Company Limited has released one of three Nigerian planes seized in France, Premium Times reports.Read more 2. Seized plane: Minister Tinubu says Nigeria working to resolve dispute with Chinese firm Foreign …

Nigeria’s equity market ended the week in bearish territory for the fifth straight day on Friday as investors lost N4 million at the close of trading. This follows a decline in the prices of shares such as LEARN AFRICA, CADBURY, and NEIMETH among others on the trading floor. After five hours of trading in the capital market, equity capitalization dropped …

The three tiers of government on Friday shared the revenue allocation of N1.35 trillion for July. A communique issued at the end of the Federation Account Allocation Committee (FAAC) meeting in Abuja revealed the total distributable fund of N1.35 trillion comprising official revenue of N161.593 billion, Value Added Tax (VAT) revenue of N582.307 billion and Electronic Money Transfer Levy (EMTL) …

A devastating incident has occurred in Benue State, where gunmen have kidnapped over 20 medical and dental students, along with a Hospital Officer. The students from the University of Maiduguri and the University of Jos were on their way to the annual convention of the Federation of Catholic Medical and Dental Students (FECAMDS) in Enugu when they were ambushed. The …

Aare Afe Babalola, founder of Afe Babalola University Ado-Ekiti (ABUAD), has criticized the Federal Government’s disbursement of social assistance to citizens, describing it as an attempt to turn Nigerians into beggars and plunge them into poverty. He also expressed his support for the Patriots’ call for a new constitution. Babalola made the comments during a visit by the Prestige Sisters …

The Labour Party’s presidential candidate in the 2023 general election, Peter Obi, on Thursday condemned the seizure of three Nigerian presidential jets in France, calling it a stark example of “failed leadership” and lack of transparency in the country. The jets were seized by a French court over a contract dispute between Ogun State and Chinese firm Zhongshan Fucheng Industrial …

Here are the top 10 stories making headlines across the country. 1. Presidency exposes ‘fraudulent’ actions of Chinese company that seized presidential jet and other assets The presidency said it had uncovered a plot by a Chinese company, Zhongshan Fucheng Industrial Investment Co. Limited, to seize Nigerian government assets abroad, including the presidential jet in Paris. Read more 2. NJC …

For the fourth straight day this week, the downward trend in the Nigerian equity market continued on Thursday as investors lost N84 billion at the close of trading. This follows a decline in share prices such as OANDO, ABCTRANS, and GUINEAINS among others on the trading floor. After five hours of trading in the capital market, equity capitalization declined to …

For the first time since December 2022, Nigeria’s headline inflation rate fell to 33.40 percent in July 2024, the latest data from the National Bureau of Statistics (NBS) showed. This figure is down from 34.19 percent in June 2024. This marks the first decline in the headline inflation rate since December 2022, when it last fell to 21.34 percent. The …