The Federal government plans to steadily raise the rate for Value Added Tax (VAT) to 15% from the current 7.5%. The move is part of efforts to improve local revenue mobilisation and strengthen public finance buffers. In a document prepared by the Ministry of Finance obtained by Nairametrics, the federal government plans to address its…
Suspended Senator representing Kogi Central, Natasha Akpoti-Uduaghan, has promised to counter the Federal Government’s criminal suit against her with what she described as “factual and statutory defences.” This comes after her legal team, led by Senior Advocate of Nigeria, Dr. Ehiogie West-Idahosa, confirmed on Friday that it had formally received the summons filed at the…
GISTSMATE MEDIA reports that sixty-two (63) people are feared dead after their plane crashed near São Paulo in Brazil. Voepass Linhas Aereas confirmed 58 passengers and four crew members were travelling in the plane, which footage shows drift downward vertically and spiral as it fell from the sky. The clip showed on TV in the…
One of the women in the Equatorial Guinea sex scandal has allegedly committed suicide after seeing her trending videos with Baltasar Ebang Engonga on social media. In a video sighted by our correspondent, the lifeless body of the woman was surrounded by sympathizers. GISTSMATE MEDIA reports that serving the Director General of the National Financial…
The Certified True Copy (CTC) of the Supreme Court ruling on the ongoing political crisis in Rivers State has clarified that the 27 lawmakers accused of defecting from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC) never actually switched parties. The revelation challenges previous claims that the legislators had lost their seats…
The Oyo State Government has issued a stern warning to corporate bodies, event planners, and anyone planning grandiose celebrations in respect of St. Valentine’s Day to ensure they adhere to the State rules and regulations. In a statement by the Commissioner for Information, Prince Dotun Oyelade, many broadcast stations have been airing adverts and promotions…
Presidential spokesman Bayo Onanuga has said that President Bola Tinubu is not T-Pain as commonly called on social media; instead, he feels the pain of Nigerians. Onanuga refuted claims of the president not having feeling, asserting that the President understands the challenges Nigerians face and is committed to improving their situation. Speaking on Channels Television’s…
Controversial activist Martins Vincent Otse, also known as VeryDarkMan (VDM) has publicly declared support for Seyi Tinubu, the son of President Bola Tinubu, should be decide to join the 2027 Lagos governorship race. In an Instagram video, VDM explained that he believes Seyi represents a new generation of leadership in politics. He stated that he…
The ousted Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has stated that he has resumed his position as the parliament leader. Obasa stated this on Thursday after returning to parliament with police and State Security Service details for the first time since he was removed on January 13. According to sources, Obasa…
Operatives of the National Drug Law Enforcement Agency, during a routine patrol along the Kaduna-Zaria expressway, on Saturday, intercepted a commercial vehicle conveying 942 explosives hidden in a sack from Nasarawa heading to Zamfara State. A statement by the agency’s spokesman, Femi Babafemi, on Sunday also disclosed the arrest of a 30-year-old suspect over the…