CTC Compliance: Keyamo, NCAA Sign Updated NCAA Procedure For IDERA

The Minister of Aviation and Aerospace Development, Festus Keyamo alongside  Acting Director General of Nigerian Civil Aviation Authority (NCAA), Capt. Chris Najomo have  officially signed the updated NCAA procedure for Recordation of Irrevocable Deregistraction and Export Request Authorization (IDERA) and registration of Aircraft under IDERA to enhance compliance with international standards as well as Registration of Aircraft under IDERA. While speaking at the signing exercise on Wednesday in his office, the Minister described the signing...

FIRS Says Tax Reforms Will Reduce Multiplicity Of Taxes, Improve Efficiency

Zack Adedeji, chairman of the Federal Inland Revenue Service (FIRS) has said that the four tax reform bills recently presented to the National Assembly are aimed at harmonising the country’s tax laws without introducing new taxes or increasing existing rates. While speaking at a meeting with the House Committee on Finance on Wednesday ahead of the second reading of the bills, Adedeji emphasized that the bills are not intended to merge any government agencies or...

World Bank: Naira Among Worst-Performing Currencies in 2024

The Nigerian naira has been ranked among the worst-performing currencies in sub-Saharan Africa for 2024, according to the World Bank’s latest Africa’s Pulse report. The report revealed that the naira depreciated by 43 per cent as of August 2024, placing it alongside the Ethiopian birr and South Sudanese pound. “By August 2024, the Ethiopian birr, Nigerian naira, and South Sudanese pound were among the worst performers in the region,” the World Bank said. The report...

Oyebanji Reaffirms Commitment To Peace, Unity Among Ekiti People

The Ekiti State  Governor, Biodun Oyebanji has reaffirmed his administration’s commitment to maintain peaceful coexistence with progressive minded Ekiti citizens across the world irrespective of their political affiliation. The Governor gave this assurance yesterday in Ado Ekiti during a Command performance of  “Drums of Peace”, a stage play produced and directed by Prof Rasak Ojo Bakare and performed by the Ekiti State Performing Arts Company. While addressing the audience at the end of the two...

Troops Gun Down 2 Bandits, Rescue 4 Hostages in Kaduna

Soldiers of the Nigerian Army have killed two bandits during an operation to rescue four abducted victims in Mai-Iddo village, Kachia local government area of Kaduna State. The incident took place during a planned ransom exchange, where the kidnappers sought to collect N1.5 million from the victims’ relatives. The troops, acting on intelligence, ambushed the kidnappers and opened fire as they emerged to collect the ransom. A community leader confirmed the incident, explaining that the...

Nigeria’s Inflation Rises to 32.7% Amid Soaring Food Prices and Fuel Costs

Nigeria’s inflation rate surged to 32.7 per cent in September 2024, reversing the decline recorded in July and August, according to the latest Consumer Price Index, CPI, report from the National Bureau of Statistics, NBS. The new figure represents an increase from 32.15 per cent recorded in August, deepening economic challenges already impacting citizens amid ongoing fuel price hikes. “This means that in September 2024, the rate of increase in the average price level is...

Governor Abiodun Approves N77,000 as New Minimum Wage For Ogun State Workers

The Secretary to Ogun State Government, SSG Mr. Tokunbo Talabi has announced Governor, Dapo Abiodun has approved N77,000 as minimum wage for workers in the state with effect from October 2024. Talabi, disclosed this after a meeting with the leadership of the organized labour in Ogun State, comprising the Nigeria Labour Congress, NLC, Trade Union Congress, TUC, and the Joint Negotiating Council, JNC. “The meeting is to discuss the implementation of the new minimum wage...

TCN says restoration of the collapsed national grid is almost complete

The Public Affairs General Manager of Transmission Company of Nigeria (TCN) Ndidi Mbah says the restoration of the national grid that collapsed on Monday is almost complete. Mbah said in a statement on Tuesday, that the national grid “experienced a partial disturbance” on Monday, October 14. Mbah said TCN continued with the grid recovery process, which has reached an advanced stage, ensuring “bulk power availability” to about 90% of its substations nationwide. According to him,...

Tanker Explosion Kills 94 People In Jigawa State

About 94 people have died as a result of a petrol tanker explosion in Majia town, Taura local government area of Jigawa state. DSP Shi’isu Adam, Police Public Relations Officer of the command who confirmed the deaths to newsmen on Wednesday in Dutse, explained that the disaster was triggered when residents rushed to collect spilled petrol after the tanker overturned. According to DSP Adam residents were scooping fuel from the overturned tanker when the explosion...

Court Rules in Favour of Falana and Falz in Defamation Case Against VeryDarkMan

…Orders Takedown of Defamatory Social Media Posts The Lagos State High Court has issued an order restraining Martins Otse, a social media critic popularly known as VeryDarkMan, from circulating defamatory videos and comments about renowned human rights lawyer Femi Falana (SAN) and his son, Folarin Falana, also known as Falz. In a ruling delivered on Monday by Justice M. O. Dawodu in suit no: ID/8584/GCM/2024, the court directed VeryDarkMan to remove the defamatory posts made...

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