Veteran Nollywood actor, Kanayo O. Kanayo, has urged young people to ensure they give their first salaries to their fathers for his blessings and not their pastors. The actor who recently introduced his son Clinton Mbaise into the world of filmmaking, shared a video of his son presenting him with the N50,000 he made…
Senator Adams Oshiomhole has expressed concerns over the creation of new institutions and its impact on federal resources. He made his position known while contributing to the debate on a bill seeking to establish the National Institute for Educational Planning and Administration and additional agencies. The senator representing Edo North, on Tuesday, asserted that…
The Nigerian Economic Summit Group (NESG) has faulted the timing of the introduction of the 0.5% cybersecurity levy on electronic transactions recently introduced by the Central Bank of Nigeria (CBN). In a statement on Thursday, NESG asked the Federal Government to reconsider the levy as Nigerians are currently groaning under multiple taxation and…
A witness, Victor Onyejiuwa, has testified against the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in his trial over alleged abuse of office and accepting of gratification to the tune of $4.5bn and N2.8bn. Onyejiuwa, the Managing Director of The Source Computers Limited, said he was allegedly pressurised by the…
Police operatives from Ajuwon Divisional Headquarters have arrested a landlord simply identified as Adesina, for allegedly defiling and impregnating his tenant’s daughter at Akegbeyale Street in Ifesowapo Akute, Ifo Local Government Area of Ogun State. Police Spokesman, Omolola Odutola, confirmed the incident, saying the case had been transferred to the State Criminal Investigation Department….
The new $300 landing fee imposed on helicopter operators by the Federal Government through its concessionaire, NAEBI Dynamic Concepts Limited, may be attracting a low-level of compliance. According to Vanguard, some helicopter operators expressed dissatisfaction with the new fee, insisting that they want to join the Airline Operators of Nigeria to frustrate…
In a rare and unusual circumstance, the presidency did not release any picture of President Bola Tinubu’s return trip to Nigeria after two weeks abroad. Since Tinubu took charge of the country a year ago, his aides and presidency officials have consistently released pictures and videos of his arrival and departure from Nnamdi Azikiwe…
The Trade Union Congress of Nigeria, TUC, has threatened a shutdown of the economy over the plan to begin implementation of the 0.5 per cent cyber security levy on electronic transactions. The union’s president, Festus Osifo, gave the warning in a statement on Wednesday. The body called on the Federal Government to order…
The Dean of Borno Elders Forum, Prof Khalifa Dikwa, has described as “provocative”, the 0.5% cybersecurity levy on electronic transactions recently introduced by the Central Bank of Nigeria (CBN). The political analyst and elder statesman asked President Bola Tinubu to immediately order the apex bank to suspend the implementation of the new policy. “This is…
The Central Bank of Nigeria (CBN) has directed deposit money banks and financial institutions to suspend processing fee on deposits till September 30, 2024. In a circular, the apex bank ordered that financial institutions suspend processing charges imposed on cash deposits above N500,000 for individuals and N3,000,000 for corporates. The circular to deposit money…