The National Assembly Joint Committee on Finance on Wednesday commended the Federal Inland Revenue Service (FIRS) for surpassing its target last year. The FIRS got a N19.4 trillion revenue target in 2024 but succeeded in generating N21.6 trillion. Impressed by the performance, the panel proposed an N25 trillion tax collection or revenue generation target for the FIRS in the 2025 appropriation bill. The Deputy Chairman of, the House of Representatives Committee on Finance, Hon Saidu Musa Abdullahi, described the performance by the FIRS as unprecedented. He said, “The feat attained by FIRS on revenue collection or generation in 2024 was…
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Prominent Bollywood actor Saif Ali Khan has been hospitalized with multiple stab injuries after an intruder allegedly forced entry into his residence and attacked him. The incident occurred in the early hours of Thursday in a high-end locality of Mumbai, where Khan resides with his family. According to reports, Mumbai Police informed that the actor sustained injuries during an altercation with an unidentified individual who broke into his home shortly after midnight. While Khan’s family has yet to issue any public statement, his publicity team described the incident as an “attempted burglary” but refrained from providing additional details. The actor…
Sir Keir Starmer has landed in Kyiv to sign a “landmark 100-year partnership” with Ukraine, according to Downing Street. The agreement is set to formalise the economic and military assistance already committed to Ukraine and promises additional support. This marks the Prime Minister’s first visit to Ukraine since taking office last summer, arriving just days before Donald Trump’s anticipated return to the White House. Ukrainian President Volodymyr Zelensky is eager to secure robust security guarantees from key international allies, such as the UK, amid concerns that a new US administration may pressure Ukraine into negotiating peace with Russia. While other…
Vice President Kashim Shettima represented Tinubu, who was the special guest of honour at the national arcade, venue of the activities marking the 2025 Armed Forces Celebration and Remembrance Day parade. The president was in the United Arab Emirates (UAE) for the Abu Dhabi Sustainability Week. He had departed Abuja last Saturday to participate in the 2025 edition of Abu Dhabi Sustainability Week (ADSW 2025). Shettima, led by Commander of the Guards Brigade, stood in for Tinubu. The vice president led other senior government officials to lay the wreaths at the cenotaph, and he also performed the ceremonial release of…
Speaking on Wednesday night during a bilateral talks between Nigeria and United Arab Emirates on the sidelines of the Abu Dhabi Sustainability Week 2025, the President disclosed that his government’s economic reforms are yielding fruits and called on the UAE to partner with Nigeria to develop the economy. According to him, the reforms had stabilised and grown the economy, encouraging foreign investors, including international oil companies, to announce billion-dollar investments, signalling renewed confidence in doing business with Africa’s most populous nation. Also, United Arab Emirates President, Sheikh Mohamed bin Zayed Al Nahyan has accepted Nigerian President Tinubu’s invitation to visit…
The Central Bank of Nigeria (CBN) has disclosed that foreign remittances surged to $1.3 billion in February 2024. The Bank’s Acting Director of Corporate Communications Mrs. Sidi Ali, revealed this on Thursday. Sidi said that overseas remittances reached $1.3 billion in February 2024, surpassing the previous month’s inflow of $300 million by more than fourfold. She noted that foreign investors actively participated in the Nigerian market, purchasing over $1 billion worth of local assets last month. Foreign investment outflows from Nigerian stocks rose in November to the highest level in nearly three years despite reforms that spurred a rally in the market…
The Global Alliance for Vaccines and Immunisations (GAVI) has revealed that Nigeria is set to receive the first set of vaccines for combating meningitis outbreaks in the world. Yobe, Bauchi, Jigawa, Gombe, and Katsina are some of the states largely affected by the outbreak. As of March 3, 82 LGAs across 22 states have reported 1,402 suspected cases, 101 confirmed cases, and 123 fatalities, resulting in a case fatality rate of 9.4 per cent since October 2023. Meningitis, according to the World Health Organisation, is transmitted from person to person through droplets of respiratory and throat secretions and is an…
President Bola Ahmed Tinubu has taken both symbolic and structural actions to demonstrate his belief that the current high cost of government is not sustainable. The first was an announcement or executive order directing Ministries,Departments and Agencies(MDAs)to slash the size of official delegations for foreign and domestic trips by up to 60 per cent – an action that resonated with the mood in the country. The second is the Federal Executive Council’s approval to implement Steve Oronsaye’s report on the merger and scrapping of MDAs. This structural action is a baby step, albeit good for proponents of a complete overhaul…
Ekiti State Governor, Mr Biodun Oyebanji has paid a working visit to Lagos State Emergency Management Agency (LASEMA) Headquarters in Lagos over the weekend to explore collaboration with the agency. The Governor stated that his visit was aimed at exploring collaboration to bolster security measures and fortify disaster management strategies in Ekiti. Accompanied by the State Commissioner of Finance, Mr. Akintunde Oyebode, Governor Oyebanji was received by the Director-General of LASEMA, Dr. Femi Oke-Osanyintolu who took him on a tour of the agency’s facilities. Dr. Oke-Osanyintolu explained the pivotal roles played by various units within the Emergency Operation Centre, stressing…
President Bola Tinubu has approved the appointment of four Nigerian professionals to serve as Executive Directors of the Transmission Company of Nigeria (TCN). Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, who disclosed this in a statement on Friday in Abuja, said the appointment was for a renewable term of four years. He said the appointment was part of Tinubu’s efforts to enhance the quality and quantity of electric power wheeled across the nation’s power grid. The new appointees are Oluwagbenga Ajiboye, Executive Director, Transmission Service Provider and Nafisatu Asabe-Ali, Executive Director, Independent System Operations. Others…