Author: Friday Omosola

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has labeled recent media reports suggesting that foreign investors are upset by Nigeria’s new Capital Gains Tax (CGT) as inaccurate and misleading. Taking to his X handle yesterday, Oyedele clarified that his recent discussion with financial stakeholders was misrepresented by certain news outlets. The new CGT is part of the four tax reform bills signed into law by President Bola Tinubu in June, designed to enhance non-oil revenue and foster economic expansion. READ ALSO: Oyedele: Delay in tax reforms cost Nigeria $1trn economy status The reform aims to…

The Nigerian Senate has accelerated the confirmation process for the recently appointed Service Chiefs, rescheduling the screening from next week to Wednesday, October 29. The decision was announced by Senate President Godswill Akpabio shortly after he read a letter from President Bola Tinubu requesting the Senate to confirm the new military leadership. READ ALSO: Tinubu seeks Senate confirmation of newly appointed service chiefs Akpabio explained that the change in schedule was necessary to ensure the military heads could immediately begin their duties without delay. Tinubu had urged the legislature to give expeditious consideration to the confirmation process to ensure seamless continuity…

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has urged Nigerian youth to uphold integrity and ethical standards while rejecting the lure of internet fraud as they prepare for future leadership roles. Olukoyede delivered the charge yesterday during an orientation and sensitization program for new students of the Air Force Institute of Technology (AFIT), Nigerian Air Force, Mando, Kaduna, marking the start of the 2025/2026 Academic Session. READ ALSO: Olukoyede underscores data’s role in national growth Olukoyede, represented by Chief Superintendent of the EFCC (CSE) Nana Fatima Abubakar of the Kaduna Zonal Directorate’s Public Affairs Department, gave…

Governor Dapo Abiodun of Ogun State has gifted the Nigerian women’s national football team, the Super Falcons, ₦50 million ahead of their second-leg 2026 Women’s Africa Cup of Nations (WAFCON) qualifier against the Amazons of Benin Republic. The return leg, scheduled for Tuesday, will take place at the MKO Abiola Stadium in Abeokuta, the state capital. READ ALSO: Ogun’s economy quadruples in six years, says Gov Abiodun In a statement posted on his Facebook page, the governor said he hosted the Super Falcons at his office in Oke-Mosan, Abeokuta, ahead of the encounter. Abiodun explained that the financial gift was in…

Governor Lucky Aiyedatiwa of Ondo State has reaffirmed his administration’s commitment to upholding the rule of law and granting full financial autonomy to the state’s judiciary, which he lauded for its “uncommon courage” in defending democracy during recent political turbulence. Speaking on Monday at both the Thanksgiving Service and the Special Court Session marking the commencement of the 2025/2026 Legal Year, the governor declared that his government would not interfere with judicial processes and would institutionalise judicial independence. The governor made history by becoming the first Ondo governor ever to attend the annual Legal Year court session, held at the…

The Federal Competition and Consumer Protection Commission (FCCPC) has hailed two recent High Court rulings in Lagos and Enugu states as significant victories that reinforce consumer protection and accountability in the Nigerian marketplace. The Vice Chairman and Chief Executive Officer of the FCCPC, Tunji Bello, welcomed the judgments on Monday, stating they strengthen consumer confidence and demonstrate the robustness of the Federal Competition and Consumer Protection Act (FCCPA), 2018. In one case, the Lagos High Court awarded ₦5 million in general damages against Multichoice Nigeria Limited. READ ALSO: FCCPC backs CBN’s 48-hour refund rule for failed ATM transactions Justice R. O.…

Governor Siminalayi Fubara of Rivers State has expressed satisfaction with the pace of work on the Trans-Kalabari Road project, revealing that approximately 75% of the most crucial piling work has already been completed. The governor shared the update on Monday after an on-the-spot inspection of the 12.5-kilometre road, which is designed to connect the state capital to various Kalabari communities located across the sea. Fubara travelled the route via a boat, starting from a jetty at Rumuolumeni in Obio/Akpor Local Government Area and navigating the rivers and creeks. READ ALSO: Fubara says peace efforts paying off, vows road, school repairs The…

The President of Dangote Industries Limited, Aliko Dangote, has announced a massive expansion of the Dangote Petroleum Refinery, vowing to ensure a stable and anxiety-free supply of Premium Motor Spirit (PMS) throughout Nigeria’s festive “ember months.” Dangote revealed yesterday that the refinery’s capacity will be expanded from its current 650,000 barrels per day (bpd) to 1.4million bpd over the next three years. Once completed, the $20 billion facility will surpass India’s Jamnagar Refinery to become the world’s largest single-train refinery, positioning Nigeria as a global refining hub. READ ALSO: Reps moves to resolve PENGASSAN-Dangote refinery dispute amid fuel supply disruptions Despite…

The Peoples Democratic Party (PDP) has announced the postponement of the screening exercise for aspirants seeking positions in its forthcoming 2025 Elective National Convention. The screening, which was initially scheduled for Tuesday, October 28, 2025, has been put on hold due to “unforeseen circumstances.” This was announced in a press release issued on Monday by the Chairman of the National Convention Organising Committee (NCOC) and Executive Governor of Adamawa State, Umaru Fintiri. READ ALSO: Wike blasts PDP governors, warns exclusion will lead to the party’s collapse Fintiri stated that a new date for the screening will be communicated to all aspirants…

The Minister of Solid Minerals Development, Dele Alake, has urged international investors to significantly increase their stakes in the nation’s solid minerals sector. He highlighted major institutional and security reforms that guarantee higher returns and ease of doing business. Speaking on the theme “Connect and Collaborate, Co-Build and Co-Share” at the 2025 China Mining Conference in Tianjin, Alake showcased Nigeria as the premier destination for global mineral investment, citing a massive surge in Chinese capital since the current administration took office. READ ALSO: Alake vows to sustain mining reforms despite threats The minister announced that Chinese companies have invested over $1.3…