Author: News Room

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified that small-scale investors in the capital market are fully exempted from paying capital gains tax, while the 2026 tax reform law is aimed at protecting low-income earners and increasing disposable income. Oyedele made the disclosure at the Cowry Quarterly Economic Discourse themed “Nigeria in 2026: Will Politics Trump Economic Reform?” where he addressed concerns and misconceptions surrounding the new tax regime. According to him, the law provides automatic capital gains tax exemptions for individuals whose total proceeds from asset disposal do not exceed N150m,…

The Lagos State Waste Management Authority has sealed several plazas, malls, and illegal market structures along the Ojuelegba axis and the adjoining Tejuosho Main Market over environmental violations. The LAWMA Head of Department (Lagos/Badagry Axis), Bayo Mogaji, disclosed this in a statement on Thursday. According to Mogaji, the enforcement followed repeated violations involving indiscriminate waste disposal on roadways and medians. He noted that the agency had continued to receive complaints from members of the public about “the habitual conversion of roadsides, drainage channels, and open spaces into refuse dumps—a practice that gravely disfigures the cityscape, endangers public health, and significantly…

Lagos politics thrives on spectacle, but the drama that unfolded on January 13, 2025, was more than a headline — it was a stress test for democratic norms. On that day, while the Speaker of the Lagos State Assembly, Rt. Hon. Mudashiru Obasa, was reportedly returning from the United States when the State’s House of Assembly had staged a political earthquake: his removal as Speaker after nearly a decade in the chair. The allegations were sweeping — financial impropriety, abuse of office, and high-handed leadership. In his absence, the chamber installed Deputy Speaker Mojisola Lasbat Meranda, making history as Lagos’…

Agribusiness Olam Agri has been recognised by the Top Employers Institute as a Top Employer 2026 in Nigeria for the sixth consecutive year. This was disclosed in a statement made available to The PUNCH, where the firm said the recognition reinforced its sustained commitment to creating a high-performing workplace through data-driven people strategies, independent validation, and a clear focus on practices that drive business performance, employee engagement and growth. The Top Employers Institute also recognised Olam Agri as a Top Employer across the African continent for the sixth consecutive year, with certifications in nine other countries, including Cameroon, Ivory Coast,…

Former Real Betis midfielder and AFCON winner, Nosa Igiebor, opens up on how they proved doubters wrong in 2013, the frustration of unpaid players, the lack of hunger in the current team and the reforms needed to revive Nigerian football’s pride in this interview with OLAMIDE ABE What does it mean personally to you to play for the Super Eagles? Representing your country is one of the greatest achievements as a player. You cannot tell me you play football and you have not represented your country, no matter how good you are. Representing your country, with over 200 million people,…

The Lagos State Ministry of Basic and Secondary Education has announced that e-registration for the 2026 Universal Basic Education by Continuous Assessment Scores and Placement Test will run from January 26 to April 30, 2026. According to a circular issued on Wednesday by the Registrar of the Lagos State Examinations Board, Mr Orunsolu Adebayo, registration for pupils in public primary schools is free, while those in approved private schools are required to pay N5,000 per candidate through the Lagos State Central Billing System. Adebayo explained that only Primary Six pupils in public and approved private schools across the state are…

On Thursday, Hardware Unboxed reported that Asus is winding down production of its RTX 5070 Ti, saying, Asus “explicitly told us this model is currently facing a supply shortage and, as such, they have placed the model into end-of-life status.” They added that the same applies to Asus’s 16GB RTX 5060 Ti, and mentioned how retailers in Australia have had trouble sourcing the product.Nvidia’s director of global public relations for GeForce, Ben Berraondo, confirmed in a statement to The Verge that it’s still producing these GPUs: “Demand for GeForce RTX GPUs is strong, and memory supply is constrained. We continue…

A recently-discovered ransomware dubbed “DeadLock” is stealthily exploiting Polygon smart contracts to rotate and distribute proxy addresses, say researchers at cybersecurity firm Group-IB.The company reported on Thursday that the DeadLock ransomware, first discovered in July, has seen “low exposure” as it isn’t tied to any known data leak site or affiliate programs and has a “limited number of reported victims.”However, Group-IB warned that even though the ransomware is “low profile,” it uses “innovative methods” that could be dangerous to organizations that don’t take the malware seriously, “especially since the abuse of this specific blockchain for malicious purposes has not been…

There was a somber mood around the Pittsburgh Steelers on Tuesday, January 13, when head coach Mike Tomlin told his team he was stepping down. Even the stoic Aaron Rodgers broke down in tears, according to The Athletic. Steelers beat writer Mike DeFabo spoke with players, coaches and staff members around the team about that emotional meeting, reporting that Rodgers, 42, “through sobs, mustered a two-word message to deliver to his coach: ‘I’m sorry,’ several players heard him say. ‘I’m sorry. I’m sorry.’” That’s in line with what Rodgers told the media publicly prior to Tomlin, 53, making his decision.…

The lawyer for Henry Omoile, second defendant in the ongoing $4.5 billion fraud trial of former Central Bank of Nigeria (CBN) Governor Godwin Emefiele, on Thursday, accused the Economic and Financial Crimes Commission (EFCC) of pressuring his client into implicating the former apex bank chief. Testifying in a trial-within-trial at the Lagos State High Court, Ikeja, Nnamdi Offial said EFCC investigators made repeated promises to Mr Omoile, including bail and the possibility of not being charged, if he cooperated by providing incriminating evidence against Emefiele. “The head of the EFCC interrogation team assured my client of leniency if he implicated…