Author: News Room
The Oyo State chapter of the African Democratic Congress has called on Governor Seyi Makinde to account for the N50 billion intervention funds reportedly requested from the Federal Government following the January 2024 Bodija explosion. In a statement issued on Sunday and signed by the State Publicity Secretary, Bimpe Adelowo, the party accused the state government of being “unaccountable, deceptive, divisive, and misleading” in its handling of public resources. The controversy was sparked by former Ekiti State Governor, Ayo Fayose, who revealed that the Oyo State Government had requested N50 billion for reconstruction and victim relief. While Makinde’s media aides…
Troops of the Joint Task Force Faruruwa have rescued an abducted victim following a successful security operation along the Kano–Katsina border in the early hours of Sunday. The Army Public Relations Officer, 3 Brigade Nigerian Army, Kano, Maj. Zubair Babatunde, told the News Agency of Nigeria that the operation followed a credible tip-off received at about 1:00 am on the movement of armed bandits from the Daurawa and Kira areas of Katsina State towards the Kano axis. According to him, troops operating from the Forward Operating Base Yankwada swiftly mobilised a fighting patrol to the fringes of the Kano–Katsina border…
If there is an unpopular government policy with the public, it is tax policy. So, the noise about the recent tax reform by the government is not unexpected, and the hullabaloo generated by the tax document swap should be taken as a normal event. Taxes normally give the public some level of apprehension, even when it serves as a source of joy to the government. The more taxes the government is able to collect, the happier because, as revenue, it reduces the gap between government revenue and expenditure or budget deficit. It minimises the need for borrowing and the attendant…
Nigeria’s move to bring back capital gains tax on equity investments has gone beyond a routine fiscal discussion, revealing underlying weaknesses in the country’s capital market. As investors reassess risk, foreign participation wanes, and liquidity providers pull back, the policy prompts deeper questions about Nigeria’s capacity to align revenue generation with sustainable, long-term market growth, writes TEMITOPE AINA The normally bustling trading floors were unusually quiet in November. Dealers who were once animated by ringing phones and fast-moving prices sat back, watching screens flicker with red. As Nigeria’s government prepared to restore capital gains tax on equity transactions for the…
Moniepoint Inc. said homegrown talent and deep local insight have been central to its rapid rise as one of Africa’s most dominant fintech companies, arguing that world-class innovation can emerge from Nigerian institutions and education systems. In a statement shared on Saturday, the company said its growth reflects the strength of locally educated founders who built financial solutions tailored to Africa’s unique economic and infrastructure realities, rather than relying on imported models. Moniepoint noted that its co-founders, Tosin Eniolorunda and Felix Ike, were both trained in Nigerian universities and leveraged that background to design technologies that address real gaps in…
Leonardo DiCaprio and his girlfriend, Vittoria Ceretti, are celebrating the holidays with plenty of PDA. DiCaprio, 51, and Ceretti, 27, were spotted on a rare date while shopping in Los Angeles on Friday, December 26, according to photos obtained by TMZ. The couple, who twinned in black athleisure, kissed in a Melrose Place boutique. DiCaprio and Ceretti have been together since 2023. “Vittoria is all he thinks about,” a source exclusively told Us Weekly in November 2023, noting the Oscar winner is “completely smitten.” The couple often keep their relationship under wraps, with Ceretti only making her first comments on…
The Nigerian National Petroleum Company Limited (NNPC Ltd) on Sunday said it has completed the main line to the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline. The Group Chief Executive Officer of NNPC Ltd, Bayo Ojulari, on Sunday, after meeting with President Bola Tinubu in Lagos. Mr Ojulari said the purpose of his visit to Mr Tinubu was to update him on the 2025 performance of NNPC and to discuss the strategic priorities for 2026. “We have been able to successfully complete the welding of the main line of the AKK gas pipeline. You remember sometime in summer, we were able to cross…
Nollywood filmmaker and former Managing Director of Daar Communications, Don Pedro Obaseki, has broken his silence following an incident in which he was stripped and dragged to the palace of the Oba of Benin, Oba Ewuare II. PREMIUM TIMES reported that Mr Obaseki, a renowned Nigerian filmmaker, was attacked and stripped on Sunday by youths allegedly loyal to the Benin Traditional Council at Uwa Primary School, where he went to play football. Speaking in an interview on AIT, the filmmaker, known for pioneering Nollywood projects such as Igodo (1999) and Eziza, stated that the incident occurred at approximately 11:30 a.m.…
In an effort to tackle security challenges in Niger State and parts of Northern Nigeria, the state government, in collaboration with the Federal Government, has mobilised 979 National Forest Guards to strengthen the nation’s security apparatus. The Niger State governor, represented by his deputy, Yakubu Garba, reviewed the Passing Out Parade at Kilometre 7, Mutum Daya, Sarkin Pawa Road in Shiroro Local Government Area of the state. Bago explained that the Forest Guards will be co-opted into Nigeria’s first responders, describing them as gallant and courageous in confronting unscrupulous elements and taking control of ungovernable spaces. Announcing some support packages…
The Director-General of the Protocol Directorate of Kano State Government House, Abdullahi Rogo, has said that the citizens of the state and voters have agreed that the former governor and incumbent, Rabiu Kwankwaso, and Governor Abba Yusuf should defect to the All Progressives Congress, APC, from the New Nigeria People’s Party, NNPP. He disclosed this in a viral video released by Arewa Update on Sunday. According to him, the planned defection of the two political heavyweights to APC follows a meeting with the Speaker of the Kano State House of Assembly. “After our meeting with the Speaker of the Kano…
