Eight months after President Bola Ahmed Tinubu transmitted four tax reform bills to the National Assembly for consideration and passage, the Senate, yesterday, began consideration of the bills, following a review of contentious clauses. After hours of deliberations, the Senate retained Nigeria’s Value-Added Tax (VAT) rate at 7.5 per cent, rejecting a proposed hike to […]
The All Progressives Congress on Thursday dismissed critics and opposition figures anticipating damaging revelations from the planned release of files by the Federal Bureau of Investigation (FBI) and Drug Enforcement Administration on President Bola Tinubu’s past, labeling them “clowns.” On April 12, The PUNCH reported that a U.S. court had ordered the FBI and DEA […]
President of the African Development Bank (AfDB), Akinwumi Adesina, has expressed deep concern over Nigeria’s economic growth, describing it as anaemic. He noted that the country’s Gross Domestic Product (GDP) per capita plummeted from $1,847 at independence to $824 in 2024, a staggering decline that puts its economic future at risk. Adesina spoke while delivering […]
Greek authorities have arrested a man in the strategic port city of Alexandroupolis on suspicion of photographing supply convoys on behalf of Russia, police said. The suspect, a 59-year-old Greek citizen of Georgian descent, was arrested in the northeastern city on Tuesday and on Friday was taken before an investigating magistrate, according to police and […]
The suspended Governor of Rivers State, Siminalayi Fubara, and his predecessor and estranged political godfather, Nyesom Wike, have initiated peace talks to resolve their longstanding feud. Sources close to both politicians confirmed to The PUNCH that the two recently met at Wike’s residence in Abuja. The mediation, facilitated by former Ogun State Governor Olusegun Osoba […]
Construction of the Phase One of the Lagos-Calabar Coastal Highway will be completed in January 2026, the Minister of Works, Sen. Dave Umahi, has said. Umahi made the disclosure during an inspection tour of the highway. “We came to review the project with the financial promoters – Dutch Bank and Development Bank of Southern Africa,” […]
President Bola Tinubu and Nigeria’s organised labour movement have expressed contrasting views on the government’s approach to addressing economic hardship and creating sustainable jobs. At the May Day celebration in Abuja on April 30, President Tinubu, represented by the Minister of Labour and Employment, Muhammad Dingyadi, spoke to the workers, acknowledging the global nature of […]
The Senator representing Kogi Central at the Senate, Natasha Akpoti-Uduaghan, says she would not back down in pursuing the suit accusing the Senate President, Godswill Akpabio, of sexually harassing her. In a correspondence to Akpabio’s counsel, Olisa Agbakoba, a Senior Advocate of Nigeria (SAN), dated 30th April 2025, she asserted that her petition of sexual […]
The Independent Corrupt Practices and Other Related Offences Commission has commenced a comprehensive investigation into alleged discrepancies surrounding the disbursement of student loans under the Nigeria Education Loan Fund. The National Orientation Agency had alleged that certain schools, working together with some banks, have purposely delayed payments to students who qualified for loans so they […]
Nigerian workers have lost at least 25 per cent of their real income in the past year as the general price crisis and rising cost of living continue to deplete the value of their wages, raising concerns about the survival of low-income employees. Adjusted for inflation, the N70,000, the wage floor would have lost about […]
