Emefiele Defends Proposed VAT Increase

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has defended the proposed move of the federal government to raise the Value Added Tax (VAT) from the current 5% to 7.5%. Emefiele who spoke to journalists in Abuja on Friday after the two-day meeting of Monetary Policy Committee (MPC) said Nigeria’s current…

Awolowo Would Have Sued Osinbajo For Defamation of Character – Afenifere

Yoruba socio-political organisation, Afenifere has told Vice President Yemi Osinbajo that late premier of Western Region, Chief Obafemi Awolowo would have sued him for defamation of character for linking his name to the All Progressives Congress (APC) if he was still alive. Afenifere, while reacting to comments made by Osinbajo in Ekiti state on Friday…

Gbajabiamila Fumes as Service Chiefs Shun Security Parley With House Leadership

Nigeria’s Service chiefs on Friday shunned a security parley convened by the leadership of the House of Representatives to discuss the prevailing security situation in the country. The quartet of the Chief of Defence Staff, Gen. Gabriel Olonisakin; Chief of Army Staff, Lt.-Gen. Yusuf Buratai; Chief of Naval Staff, Ibok-Ete Ejwe Ibas; and the Chief…

CBN Explains New Cashless Policy

The Central Bank of Nigeria (CBN) has explained the new cashless policy that it introduced on September 17, 2019. The new policy was greeted by outrage by Nigerians who frowned at the introduction of processing charges for cash deposits and withdrawals above N500,000 and N3,000,000 for individual and corporate accounts respectively.  But the CBN on…

Atiku Thanks Nigerians

The presidential candidate of the Peoples Democratic Party Party (PDP) in the 2019 general election election, Atiku Abubakar has thanked Nigerians for their support. In a message to Nigerians which he personally signed on Friday, titled ‘A Message of Gratitude to Nigerians For Your Support on This Necessary Journey’, Atiku said he was overwhelmed by…