The Osun State Government has formally embraced the National Policy on Food Safety and Implementation Strategy, 2014, for adaptation within the state, aiming to safeguard the residents from consuming contaminated food. Governor Ademola Adeleke disclosed this during the policy document’s official launch, highlighting its significance in ensuring food safety and protection for the state’s populace….
The Nigerian Federal Government is planning to borrow N2.5 trillion from its second FGN bond auction of 2024, as revealed in a recent circular from the Debt Management Office (DMO). Scheduled for February 19, 2024, with a settlement date of February 21, 2024, the auction marks a significant borrowing move for the government. In the…
Human rights lawyer, Femi Falana SAN, has called on the Federal Government to consider joining the BRICS economic bloc to enhance Nigeria’s economic prosperity. Falana made this suggestion during an appearance on Channels Television’s Politics Today, highlighting the importance of reducing Nigeria’s dependence on the US dollar. BRICS, comprising Brazil, Russia, India, China, and South…
Lagos State Governor, Babajide Sanwo-Olu, urged foreign investors, particularly those from the United Kingdom, to consider Lagos as their preferred investment destination. He emphasized his administration’s commitment to creating a conducive business environment in Lagos. During a visit by the United Kingdom Secretary of State for Business and Trade, Kemi Badenoch, Governor Sanwo-Olu highlighted the…
The federal government has unveiled plans to establish a Commodity Board aimed at regulating the surging prices of food in Nigeria. Vice President Kashim Shettima made the announcement during a two-day high-level strategic meeting on climate change, food systems, and resource mobilization at the Banquet Hall of the Presidential Villa, Abuja. The proposed Commodity Board…
The Federal Government of Nigeria, in collaboration with the World Bank, is targeting $3 billion to fund the expansion of broadband infrastructure in the country. The plan aims to lay an additional 120,000km of fibre optic cables to improve broadband connectivity across Nigeria. The Minister of Communications, Innovations, and Digital Economy, Bosun Tijani, announced this…
A team of special investigators probing massive fraud at the Central Bank of Nigeria (CBN) has requested the Inspector General of Police (IGP) to issue Interpol Red Notices for three Nigerian individuals implicated in the scam. The suspects, including Mr. Odoh Eric Ocheme, a CBN staff now at large, along with two accomplices, Adamu Abubakar…
The Lagos State House of Assembly has raised concerns over the persistent depreciation of the Nigerian naira against the U.S. dollar. The resolution was passed during a plenary session presided over by Speaker Mudashiru Obasa. Lawmakers expressed worry over the free fall of the naira and called for immediate interventions to reverse the trend. The…
A Federal Inland Revenue Service (FIRS) official has clarified that companies earning less than N25 million are not required to pay tax, offering a relief to small businesses across Nigeria. The official, who spoke on the condition of anonymity, emphasized that FIRS does not tax personal income but rather focuses on collecting company income tax….
The Registrar General of the Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, announced a forthcoming requirement for social media content creators, particularly those on platforms like Instagram and TikTok with substantial followings, to register as businesses and commence tax payments to the government. Magaji made this revelation during a meeting with the managing director of…