The Nigerian Petroleum Company Limited (NNPCL) has withheld the sum of $262.6 million in taxes due to the Federal Inland Revenue Service (FIRS). This is according to a report from a Federation Allocation Account Committee Post-Mortem Sub-Committee (PMSC) meeting held in August 2024. Accordingly, the deducted $262.6 million is as part of the Road Infrastructure Tax Credit Scheme (RITCS). The report noted that NNPCL made monthly deductions of $52.51 million from the amount due to FIRS for Joint Venture, JV Gas, and Company Income Tax, CIT, between February and June 2024. It stated these deductions have been earmarked for the…
Author: Abimbola Ogunaike
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Famous Nigerian singer Ahmed Ololade, popularly known as Asake, has surpassed his compatriot record, Burna Boy, as the artist with the most songs on the Billboard U.S. Afrobeats Songs chart. Asake debuted nine songs from his new album ‘Lungu Boy’ on this week’s Billboard U.S. Afrobeats Songs chart, extending his entries to 50. His song ‘Active’ featuring American rapper Travis Scott is currently at the top of the chat. His song ‘Active’ featuring American rapper Travis Scott is currently at the top of the chat. https://11d07829d67eaae5ae8d57deb1a63723.safeframe.googlesyndication.com/safeframe/1-0-40/html/container.html The Billboard U.S. Afrobeats Songs chart was launched in April 2022. Since its launch,…
The Executive Secretary/CEO of the National Lottery Trust Fund (NLTF), Tosin Adeyanju has commended the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede for recovering debts owed to the Fund to the tune of over N9 billion. The commendation came on Friday, August 23, 2024 when Adeyanju led the management team of NLTF on a courtesy visit to the EFCC boss at the Commission’s corporate headquarters. Describing the recovery “as a big feat” he stated that it has ensured that the Fund played its role in assisting the federal government deliver on its promises of provision…
By Yushau A. ShuaibThe recent attempts to forcibly remove the Chairman of the Code of Conduct Tribunal (CCT), Justice Danladi Yakubu Umar, are profoundly troubling and raise serious concerns about the independence of our key democratic institutions.According to a highly placed source, there is an apparent plot to force Justice Umar to resign or invade his official residence to install a successor. This would be a blatant violation of the constitutional provisions governing the appointment and removal of the CCT Chairman.One may easily nurse the fear that the raiding of official residences of some judges during the administration of President…
Nigeria Premier Football League (NPFL) Clubs Coaches, Captains and Team Coordinators have been charged to utilise knowledge gained from the workshop in Abuja to improve the quality of play in the new season which starts on August 31. Hon.Gbenga Elegbeleye, the NPFL Chairman made the charge in Abuja at workshop organised by the league body for the Coaches, Team Managers and Captains of the clubs ahead the season’s kick-off. “We are investing in the series of workshops which began with clubs’ Media Directors, the Chief Security Officers and Chairmen of Club Supporters because we aim to have a better season…
Chairman of the Nigeria Premier Football League (NPFL), Hon Gbenga Elegbeleye has expressed sadness at the death of Heartland FC Coach, Christian Obi and injuries sustained by some players of the club in an accident on Friday, August 23. Obi was a former Nigeria international goalkeeper and has been the Head Coach of the club in the last two seasons. Elegbeleye narrated that news of the incident filtered in slowly while the NPFL hosted Club Coaches to a workshop preparatory to the start of the new season. “We were hosting the NPFL Coaches, Captains and Team Managers to a workshop…
Japan has shown interest in further strengthening business and economic relations with Nigeria especially in the area of start-ups. This interest was shown during the meeting of Nigeria’s Foreign Affairs Minister, Amb. Yusuf Tugar and his Japanese counterpart, Ms. Kamikawa Yoko at the ongoing Tokyo International Conference on African Development (TICAD) Ministerial Meeting in Tokyo, Japan. Kamikawa expressed her gratitude for the substantial dialogues held on the occasion of her visit to Nigeria in April, this year. She also expressed her intention to discuss ways to further strengthen business and economic relations including start-ups, and to enhance partnership with Nigeria.…
One keyword that Dr Bisi Stephen Onasanya, Chairman of The Address Homes Limited and former Group Managing Director of First Bank is generally known for is, that you can take his words to the Bank and that is why he is dubbed Mr Integrity by his friends, family, professional colleagues, associates and acquaintances. So when a man known for his reserved nature added another year on Sunday, 18 August, 2024, despite his preference for a low-key celebration and no-party affair, his 63rd birthday turned into a lively affair as family, friends, and associates gathered at his Ikoyi residence to honour…
Tragedy occurred in the early hours of Friday, 23 August, 2024 as truck crushed two persons to death in the Papalanto area of Ogun State. This latest sad development came barely after a truck rammed into a vehicle and a pedestrian in the Lafenwa area of Ogun State killing four persons and injuring two, The spokesman for the Traffic Compliance and Enforcement Agency(TRACE), Babatunde Akinbiyi, who confirmed the accident, attributed the cause of the accident which involved an Iveco Truck with number plate KJA 166 XJ and a Tricycle with number plate TRE 627 VP, to dangerous driving by the truck…
The Federal Government on Thursday, 23 August, 2024 unveiled the Conversion Incentive Programme for Compressed Natural Gas in Ibadan, the capital of Oyo State. The initiative is designed to mitigate the impact of fuel subsidy removal and promote a safer, cleaner, and more reliable transportation future for Nigeria. The Chief Executive Officer and Programme Director of the Presidential Compressed Natural Gas Initiative, Michael Oluwagbemi, stated that the initiative aims to fulfill one of the key objectives of President Bola Tinubu’s Renewed Hope Agenda. Oluwagbemi emphasised the importance of Nigerians fully embracing the initiative, noting that the adoption of CNG could…