A High Court in Maitama has issued a summons for former Kogi State Governor, Alhaji Yahaya Bello, to appear before the court on October 24 to face serious allegations of fraud involving N110.4 billion. The Economic and Financial Crimes Commission (EFCC) has charged Bello, alongside co-defendants Umar Oricha and Abdulsalami Hudu, with a 16-count indictment that includes criminal breach of trust. The charges were filed on September 24, but efforts…

President Bola Tinubu has transmitted a set of fiscal policy and tax reform bills to the Senate in a significant move aimed at reshaping Nigeria’s economic landscape. This announcement marks a critical step in the administration’s efforts to enhance revenue generation and streamline the country’s tax system. The proposed bills, which are expected to address various aspects of Nigeria’s fiscal framework, come when the government seeks to bolster its financial…

In an assessment of Elon Musk’s social media platform X formerly known as Twitter investment firm Fidelity estimates the company’s worth has plummeted by nearly 80% since Musk acquired it for $44 billion in October 2022. Current evaluations place the platform’s value at approximately $9.4 billion. Fidelity disclosed that, as of the end of August, its stake in X was valued at just $4.2 million, reflecting a significant 24% decline…

Kogi residents have been left stranded after heavy rainfall cut off the main road leading to Ayeh Gbede, a key agricultural community in Ijumu Local Government Area of Kogi State. The incident, confirmed by Comrade Waheed Sikiru, President of the Ayeh Gbede Development Union, happened on Thursday morning, leaving the community in grief. According to Sikiru, three critical parts of the road from Okoro Gbede have been severely eroded by…

The Nigeria Electricity Management Services Agency (NEMSA) has met with the Ondo State Electricity Regulatory Bureau (OSERB) to discuss establishing an Equipment Standard and Competence Certification Department. The Special Adviser to the Governor on Energy, Engr. Johnson Alabi stated that this move aims to address safety and compliance challenges in the state’s electricity sector. Speaking to reporters after the meeting in Akure, Mr Alabi explained that the initiative seeks to…

In a bid to lower the cost of living, bolster energy security, and accelerate Nigeria’s transition to cleaner energy sources, the federal government has introduced exemptions on a range of key energy products and infrastructure, including diesel, feed gas, Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), electric vehicles, Liquefied Natural Gas (LNG), infrastructure, and Clean Cooking Equipment. The government said the concessions aimed at revitalizing the oil and gas…

A former Senate Majority leader, Jonathan Zwingina is dead. He was aged 70 years. The Adamawa State-born politician reportedly died on Wednesday in Abuja. However, his death has not been formally confirmed by the family, but dependable sources, who confirmed that the liberal politician has passed on, described his demise as a great loss to the Nungurala people, Adamawa State, and Nigeria as a whole. Senator Jonathan Zwingina was a…

An unexploded US bomb from World War II that had been buried at Miyazaki Airport in southwestern Japan exploded Wednesday, causing a large crater in a taxiway and the cancellation of more than 80 flights. Announcing the incident, Land and Transport Ministry officials said there were no aircraft nearby when the bomb exploded and that there were no injuries. It further said an investigation by the Self-Defence Forces and police…

As the National Assembly begins the review of the 1999 Constitution, former Vice President, Atiku Abubakar, has recommended that the office of the president rotate among the six geopolitical zones of the federation for a single term of six years, flowing between the north and south. The former vice president forwarded his proposal to the Deputy President of the Senate and Chairman, Senate Committee on Constitution Review, Senator Barau Jibrin.…

The Federal Government has granted tax exemptions to the oil and gas sector in a bid to revitalize the industry and arrest the gale of divestments therefrom. Announcing the development, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun said the new fiscal regime, with a wide range of tax exemptions in the industry, is in accordance with the Oil & Gas Companies (Tax Incentives, Exemption, Remission,…

The Federal Government has advised Nigerians residing in Lebanon to leave while commercial flights are still in operation. Making the call, the Nigerians in Diaspora Commission (NIDCOM) said this has become necessary as Israel began an invasion of southern Lebanon after two weeks of attacks. In a statement on Wednesday, NIDCOM said the attacks were worrying, adding that information received from the Nigerian community in Lebanon indicated that most citizens…

Following the capsizing of a boat carrying over 200 persons in the Gbajibo community of Mokwa Local Government Area (LGA), Niger State, the Niger State Emergency Management Agency (NSEMA) has confirmed the death of 25 persons. The boat was conveying over 200 passengers to Gbajibo for the Mawlid celebration capsized on October 1, and for hours, rescue operations were not forthcoming, leading to a high casualty rate. The Director-General of…