Author: News Room

The Office of the Tax Ombud (OTO) has advocated for fairer tax administration, robust taxpayer protection, and greater accountability from revenue authorities, emphasising that public confidence is essential to improving voluntary tax compliance in Nigeria. Speaking at a stakeholders’ engagement with revenue professional bodies in Lagos on Thursday, the Chief Executive of the Tax Ombud, John Nwabueze, stated that effective tax administration relies not only on legislation and enforcement but equally on public trust. The event, themed “Promoting Fairness, Transparency and Trust in Nigeria,” centred on strengthening the relationship between taxpayers and the government. Mr Nwabueze noted that citizens are…

The Kwara State Government has announced plans to strengthen collaboration with the Nigeria Immigration Service and other security agencies to tighten border surveillance and curb illegal migration as part of efforts to tackle insecurity and human trafficking in the state. The Attorney General and Commissioner for Justice in the state, Ibrahim Sulyman, disclosed this during separate visits to the Kwara State Commands of the Nigeria Immigration Service and the Nigeria Security and Civil Defence Corps in Ilorin. The development was contained in a statement issued on Friday by the Press Secretary of the Kwara State Ministry of Justice, Janet Bogunjoko,…

In Pasadena, California, there’s a cute red brick courtyard where one storefront isn’t like the rest. The glass doors open onto a sparse industrial hallway, which leads to a sunlit foyer with a large spiral staircase. Go up, and you’ll see a typical coworking space: open tables, healthy snacks, a collection of meeting rooms with glass walls. Follow one hallway most of the way back, and you’ll find Office 18.There are no signs of life in this tiny private office that’s supposed to be the headquarters of Odyssey Robot, an upstart US drone company. We saw three small desks and…

Perpetual decentralized exchange (DEX) Hyperliquid’s weekly trading volume in tokenized real-world assets (RWAs) exceeded that of all other asset categories combined for the first time.RWAs generated $25.1 billion in trading volume from July 13 to July 19, accounting for 52% of Hyperliquid’s total weekly volume of $48.2 billion, according to Blockworks data.“Hyperliquid’s RWA market alone was larger than the combined crypto perpetual volume of every other DEX,” wrote ARK Invest’s research director for digital assets, Lorenzo Valente, in a Thursday X post.The milestone reflects growing demand for tokenized assets on Hyperliquid. Over the past month, RWA holders grew by 32%…

George Kittle is admitting he had a blast at Taylor Swift and Travis Kelce’s Madison Square Garden wedding. Appearing on the Thursday, July 23, episode of the “Unbuttoned” podcast, the San Francisco 49ers tight end reflected on what it was like to attend the celebrity wedding of the year. “The entire thing was fantastic,” George, 32, told Chris Simms on the podcast. “I had so much fun.” George attended the wedding alongside his wife, Claire, and his parents, Bruce and Jan. Claire’s mom Shelly also scored an invite and attended the nuptials after Swift and Kelce previously forged strong relationships…

Kano State Governor Abba Yusuf has expressed full confidence in the newly inaugurated Special Task Force on Drug Abuse and Illicit Trafficking, which will be headed by the state’s former anti-corruption chief, Muhuyi Magaji. Speaking during the task force’s inauguration on Wednesday, Governor Yusuf articulated his optimism that Mr Magaji would effectively lead the anti-narcotics campaign, noting that his proven track record in anti-corruption efforts will serve him well in this new role. “All individuals appointed to the Task Force committee were selected strictly on merit following thorough scrutiny and rigorous background checks,” the Governor stated. “The final list represents…

United Nigeria Airlines has joined Air Peace in suspending flights to and from Benin Airport following a decision by the Federal Airports Authority of Nigeria (FAAN) to close the runway after an excursion involving an Enugu Air aircraft on Thursday. The airline confirmed on Thursday evening that all flights to and from the airport have been cancelled, pending the runway’s reopening. While Air Peace had previously announced the suspension of its Benin operations, United Nigeria Airlines subsequently followed suit, citing the ongoing runway closure. In a statement, United Nigeria Airlines explained that the suspension was a necessary measure in response…

A 2023 interview of actor-turned-politician and newly appointed spokesperson to former Vice President Atiku Abubakar, Kenneth Okonkwo, has resurfaced online, drawing fresh reactions following his appointment by the 2027 presidential candidate of the African Democratic Congress. In the viral Channels Television interview, Okonkwo, who was then a spokesperson for the Labour Party presidential campaign, made harsh remarks about Atiku over allegations relating to consultancy payments and special purpose vehicles. Speaking during the interview, Okonkwo said, “Atiku has confessed that he used special purpose vehicles to create phoney companies for which he paid consultancy fees, and from which the consultancy fees…

Facebook is planning some big changes to try and keep its users from jumping to rival social platforms like TikTok — changes that sound dubiously similar to becoming a TikTok clone. Facebook head Tom Alison announced today that the platform will begin testing a “reimagined experience” later this year that will put a subset of users into a “full-screen video the moment they open the app.”This experimental view will initially roll out to countries with a noted preference for video content, with a potential expansion planned for the US next year. These tests are driven by Facebook observing that “video…

Singapore-based Bitcoin mining pool Poolin and two of its US affiliates filed for Chapter 11 bankruptcy in a New Jersey court on Wednesday.Poolin’s court filing shows that the mining pool operator has estimated liabilities of $100 million to $500 million, assets of $1 million to $10 million and 10,001 to 25,000 creditors.Poolin and its affiliates are also seeking court approval to sell two West Texas mining sites to Thor CALAP LLC under a proposed $52 million stalking-horse bid. This includes $37 million for the Tarbush assets, including assumed liabilities, and $15 million for the Pyote site, including the power rights,…