Author: Friday Omosola

The National Assembly has increased the Federal Inland Revenue Service (FIRS) revenue target for 2025 to N25 trillion after the agency surpassed its 2024 target of N19.4 trillion, as revealed by its Executive Chairman, Zacch Adedeji. Adedeji, while presenting the agency’s performance report and future projections on Wednesday, highlighted the record-breaking revenue collection.  In response, the National Assembly’s Joint Committee on Finance proposed the new target, aiming to build on FIRS’s momentum. Deputy Chairman of the House Committee on Finance, Hon. Saidu Musa Abdullahi, praised the agency’s achievements, calling its performance “unprecedented.” READ ALSO: First Lady welcomes first baby of…

The Nigerian National Petroleum Company Limited (NNPCL) has announced a record remittance of N10 trillion to the federation account for 2024. This the Group Chief Executive Officer (GCEO), Mele Kyar said solidifies its position as Nigeria’s highest taxpayer and the only company in the country to publish 100 per cent of its account statements annually.   This disclosure Kyari made during a presentation on the company’s 2024 revenue performance and 2025 projections to the National Assembly’s Joint Committee on Finance.   READ ALSO: UAE President to visit Nigeria after Tinubu’s bilateral talks Kyari also urged a forensic audit of the funds expended…

The Federal Government (FG) has responded to recent remarks by the Emir of Kano, Muhammadu Sanusi II, concerning the economic reforms under President Bola Tinubu’s administration. Recall that Sanusi II has said that he would not offer any advice to President Tinubu’s Adkins on how to tackle the economic challenges facing the country. Speaking at a public event in Lagos, Emir Sanusi acknowledged the necessity of the reforms but noted that he had chosen ‘not to help the government’ explain them. However, the FG in a statement released by the Minister of Information and National Orientation, Mohammed Idris on Thursday,…

In a significant diplomatic development, the President of the United Arab Emirates (UAE), Sheikh Mohamed bin Zayed Al Nahyan, has accepted an invitation from Nigerian President Bola Tinubu to visit Nigeria later in 2025. Bayo Onanuga, Tinubu’s Special Adviser on Information and Strategy in a statement on Thursday said the invitation was extended during bilateral talks held on the sidelines of the Abu Dhabi Sustainability Week (ADSW) 2025. President Tinubu, who arrived in Abu Dhabi on Sunday as a guest of the UAE leader, participated in the high-profile sustainability forum, which fosters global dialogue on addressing challenges such as climate…

The Inspector-General of Police, IGP, Kayode Egbetokun, has inaugurated Police Anti-Money Laundering Units. He appointed financial expert Hyacinth Edozie, along with officers holding the rank of Chief Superintendents of Police (CSPs), to lead the units in all State Criminal Investigation Departments (SCIDs) nationwide. Egbetokun described this initiative as a strategic measure to bolster the police’s role in national security, particularly in combating financial crimes. He emphasised its significance in addressing the advanced methods employed by terrorist organizations and other criminal networks to finance their operations. The IGP reaffirmed that the establishment of these units highlights the police force’s unwavering commitment…

The Lagos State Government has unveiled a comprehensive traffic diversion plan to accommodate technical checks, duct calibration, and land route repairs on the Island.  The repairs, scheduled to begin on Friday, January 17, 2025 and end on Friday, January 31, 2025, will involve key locations across the Island. The designated repair locations for the scheduled works include Bonny Camp Underbridge to Eko Atlantic Sales Office, Eko Hotel Roundabout, Officer’s Mess inward Independence Bridge, Ajose Adeogun to Ligali Ayorinde, and Ligali Ayorinde to the end of Landmark. On January 17 to 31, repairs along the Bonny Camp Underbridge to Eko Atlantic…

As Nigeria celebrates Armed Forces Remembrance Day, a retired military officer, Colonel Nasiru Salami, has expressed deep dissatisfaction with the treatment of Nigerian Army retirees, describing it as unfair and disheartening. The 76-year-old civil war veteran shared his story as a guest on Channels Television’s ‘The Morning Brief’ programme.  Recounting his journey, Salami revealed that he enlisted in the Nigerian Army in October 1967 and, after just six weeks of training, was thrust into the Biafra war. He spent 11 gruelling months on the battlefield during the civil war from 1967 to 1970. The former soldier, now serving as Secretary…

President Bola Tinubu has emphasised that both Nigeria and the world are in urgent need of peace as the country observes Armed Forces Remembrance Day. In a statement posted today on his X page, Tinubu stated that the day serves as an opportunity for the nation to express gratitude and honour the sacrifices made by ex-servicemen and women who selflessly laid down their lives to defend Nigeria’s territorial integrity and the peace of other nations. “Our nation is in dire need of peace, and so is the World. As we mark this solemn event today, remember that people laid down…

President Bola Tinubu, on Wednesday in the United Arab Emirates, reaffirmed Nigeria’s commitment to collaborating with other nations to build a resilient, equitable, and sustainable world. Addressing a global audience on the second day of the 2025 Abu Dhabi Sustainability Week, the president spoke on the theme, “From Climate Imperatives to Economic Prosperity: Bridging Africa with the Global Energy Future.”  He emphasised that no single nation can achieve sustainability in isolation, highlighting that global interconnectedness necessitates collective action, knowledge sharing, and mutual support. President Tinubu also described the fight against climate change as not just an environmental obligation but a…

The Nigerian Communications Commission (NCC) has instructed telecommunications companies to deactivate the Unstructured Supplementary Service Data (USSD) codes assigned to nine banks due to a backlog of unpaid debts.   In a directive issued by the NCC’s Director of Public Affairs, Reuben Muoka, on Tuesday and obtained by, the affected banks have until January 27, 2025, to settle their debts or risk losing access to their USSD platforms. Although the NCC did not disclose the total amount owed, it revealed that the debts, some of which date back to 2020, were part of an initial sum exceeding N200 billion owed by…