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The Otun Olubadan of Ibadan, Chief Rashidi Ladoja, has dragged the Oyo State Governor, Seyi Makinde and the Olubadan of Ibadanland, Oba Lekan Balogun to court over the recent elevation of 10 Ibadan High Chiefs to beaded crown-wearing Obas. In the suit filed before the Oyo State High Court in Ibadan, Ladoja also joined the newly-elevated Obas as defendants. It will also be recalled that the governor last Friday presented […]
The Lagos State Governor, Mr Babajide Sanwo-Olu, has felicitated Nobel laureate, Prof. Oluwole Soyinka, on his 89th birthday. Sanwo-Olu in a congratulatory message issued on Wednesday by his Chief Press Secretary, Mr Gboyega Akosile, described Prof. Soyinka as “a quintessential scholar and literary icon who has used his position and experience to contribute positively to literature, academics and governance globally.” Prof. Soyinka, a 1986 Nobel Prize in Literature winner and […]
La Gazzetta dello Sport confirms Napoli star Victor Osimhen is PSG’s primary transfer target if Kylian Mbappé leaves this summer. Mbappé has openly admitted that he’s planning to leave PSG on a free transfer at the end of his contract in June 2024, but the Ligue 1 giants want to sell him this summer if he doesn’t sign a new deal with the club. Sunday’s printed edition of La Gazzetta dello […]
Nigerians engaged in wholesale and retail trade and repair of motor vehicles and motorcycles paid a total tax of N167.45bn between the first quarter of 2022 and Q1 2023, according to findings. The total tax was raised from Value Added Tax and Company Income Tax. According to the Federal Inland Revenue Service, CIT is a 30 per cent tax imposed on the profit of companies and VAT is a 7.5 […]
A report by FITC has revealed that bank customers in Nigeria lost N472m to fraud in the first quarter of 2023. It was also disclosed that there was a total of 12,553 cases of fraud recorded within this period. This was according to the Q1 report obtained by The PUNCH from the website of FITC. FITC’s institutional members are members of the Nigerian Banker’s Committee, which comprises the Central Bank […]
Annual inflation in Egypt hit 36.8 per cent in June, official figures showed on Monday, an all-time high for the country grappling with a punishing economic crisis. The previous record of 34.2 per cent in July 2017 came, as it does now, following a sharp currency devaluation connected to a bailout loan from the International Monetary Fund. The Egyptian pound has lost half its value against the dollar since early […]
The volume of Premium Motor Spirit, popularly called petrol, that was consumed across the country in the first half of 2023 is 11.26 billion litres, the Federal Government has said. It was, however, observed that after the removal of subsidy on petrol, following the pronouncement by President Bola Tinubu on May 29, 2023, PMS consumption reduced by an average of about 18.5 million litres daily in June. Data obtained on […]
Strong indications have emerged more Nigerians may relocate from the country in 2023 and beyond as the nation’s socio-economic conditions worsen, and hope remains bleak. This came on the heels of the recent removal of fuel subsidy, further depreciation of the naira, impending increase in electricity tariff, and the introduction of Value Added Tax on diesel amid an already battered economy. The Nigerian economy has been exposed to numerous economic […]
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has congratulated President Bola Tinubu on his election as the Chairman of the Economic Community of West African States. NACCIMA’s President, Mr. Dele Oye, made this known via a statement released on Sunday in Lagos. Recall that Tinubu emerged as the Chairman of ECOWAS at the 63rd Ordinary Session of the regional bloc in Guinea Bissau. Oye said the […]
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