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Fourteen people were killed when a three-story building collapsed in the southern Egyptian city of Assiut on Monday. The city’s governor, Essam Saad, said on Tuesday. He said the bodies were recovered from under the rubble during search and rescue operations by emergency workers. “Six people were rescued and have been shifted to hospital,” Saad said. According to him, poor …

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Tinubu Approves New Withholding Tax Policy President Bola Tinubu has approved a new withholding tax policy to replace the old one introduced in 1977. The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, announced this on Tuesday, July 2. The new withholding tax policy introduces significant reforms designed to ease the heavy burden that the …

The House of Representatives has resolved to investigate the N1.12 trillion anchor borrower scheme coordinated by the Central Bank of Nigeria (CBN). Also included in the investigation are the Nigerian Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL), the Bank of Industry (BoI) and other institutions. The anchor borrower program was initiated by the Federal Government and implemented by the CBN …

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