The federal government has commenced N50 electronic levy deductions from transactions of N10,000 and above made by users of financial technology (Fintech) companies, including Opay, Moniepoint, Kuda, and others. The levy, called Electronic Money Transfer Levy (EMTL), introduced under the Finance Act 2020, places a singular and one-off levy of N50 on the recipient of…
Nigeria’s refinery woes persist, with the country’s facilities struggling to function optimally. A SaharaReporters investigation reveals that despite their inability to refine crude oil or generate revenue, these companies have spent billions on employee compensation. An analysis of the Nigeria National Petroleum Company’s audited financial statements shows that the Kaduna, Port Harcourt, and Warri refinery…
Hundreds of thousands of Israelis joined a rally in Tel Aviv on Sunday, organizers said, calling on the government of Prime Minister Benjamin Netanyahu to reach an immediate truce with Hamas to free hostages held in Gaza. The evening rally followed a day of protest across the country called for by the relatives of hostages…
As Muslims across the world mark this year’s Eid-El-Maulud in commemoration of the birth of the Holy Prophet Muhammad (صلى الله عليه وسلم), Hon. Olufunke Comforter has joined millions of faithful in extending warm felicitations to the entire Muslim Ummah in Nigeria and across the globe. Hon. Comforter described the occasion as not only a…
Three police officers from the Imo State Police Command, who were identified in a viral video displaying unprofessional conduct, have been arrested. The Commissioner of Police in the state, Aboki Danjuma, had directed an investigation into the video, the identification of officers, their arrest, and the commencement of an orderly room trial. A statement issued…
Nigerian oil company, Oando Plc, has been shortlisted by the Trinidadian government as one of three final contenders to take over the country’s state-owned refinery, Petrotrin. The defunct company is a state-owned oil company in Trinidad and Tobago. The Trinidadian Finance Minister, Colm Imbert, disclosed this during a presentation of its national budget held on…
A bill seeking to make Sharia law not just a personal matter in the constitution has been rejected in the House of Representatives. The bill seeks to amend sections 24, 262 and 277 of the Constitution by removing “personal” in the application of Sharia law. The sponsor of the bill, Aliyu Missau, said commercial entities…
President Bola Tinubu has openly mocked Nigeria’s opposition parties, declaring that he has no intention of helping them resolve their internal divisions. His remarks reflect a firm stance against aiding political rivals struggling with unity. While addressing a joint session of the National Assembly on Thursday, Tinubu said, “I will not advise the opposition to…
Abdullahi Ganduje, the national chairman of the All Progressives Congress (APC), has disassociated himself from campaign posters on social media, claiming he would be contesting for the presidency in 2027. In a statement on Sunday by Edwin Olofu, chief press secretary (CPS), to the APC national chairman, Ganduje said the campaign posters are “malicious pieces…
The National Agency for Food and Drug Administration and Control has intensified its enforcement efforts against the sale of illicit and counterfeit pharmaceuticals, sealing over 3,000 shops within the Idumota Open Drug Market in Lagos in the first week of operations. This was made known in a statement shared on X (formerly Twitter) on Saturday…