Author: bibncollar

Vice President Kashim Shettima’s trip to Samoa to represent Nigeria at the 2024 Commonwealth Heads Of Government Summit has been cancelled after a foreign object hit his plane during a stopover at JFK Airport in New York. A statement issued last night by Special Adviser to the President on Information and Strategy, Bayo Onanuga, said “The foreign object damaged the cockpit windscreen of the plane.” According to the statement, “President Tinubu, acting promptly, has approved a ministerial delegation to represent Nigeria at the summit in the Samoa capital of Apia while the plane’s repair has commenced. “The delegation, which will…

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has confirmed that the federal government would impose 15 percent Value Added Tax (VAT) on luxury goods, adding that total subsidy removal became effective last month. Fielding investors’ questions at a meeting on the sidelines of the on-going IMF/World bank Annual Meetings in Washington DC, he said that a bill before the National Assembly would bring about a situation where rich Nigerians would pay VAT rate that would increase over time to 15 percent. He clarified, however, that the poor and vulnerable will pay less or…

President Bola Tinubu yesterday restricted ministers, ministers of state, and heads of agencies of the Federal Government to a maximum of three vehicles in their official convoys, saying no additional vehicles would be assigned to them for movement. This came as the Presidency explained late Wednesday night that Nigerians’ perception played a key role in the President’s decision to rejig his cabinet. The President’s new directive was contained in his Special Adviser on Information and Strategy statement, Bayo Onanuga. According to the statement, “the cost-cutting measure was announced today (yesterday) in a statement by the President.” Recall that in January…

In line with the recent demands by the House of Reps for the withdrawal of old Naira notes before a supposed December 31  deadline, the Central Bank in response released a statement. The statement reads:

The United States has appreciated the Nigerian government for releasing the Binance Holdings Limited executive, Tigran Gambaryan. Mr Gambaryan, an American and senior employee at the cryptocurrency exchange, who had been detained since February, was released on Wednesday. The Binance executive and the exchange British Kenya regional manager for Africa, Nadeem Anjarwalla, had been facing money laundering charges to the tune of $35 million brought against them by the Economic and Financial Crimes Commission. But in a statement from the office of the National Security Advisor, the U.S. government confirmed that Mr Gambaryan was released by the Nigerian government on…

The House of Representatives has called on the Central Bank of Nigeria (CBN) to begin the gradual withdrawal of old N200, N500, and N1,000 notes from circulation ahead of the December 31, 2024 deadline. During a plenary session on Thursday, lawmakers also urged the CBN to increase the issuance of the new banknotes to ensure a smooth transition. This resolution followed a motion of urgent national importance moved by Rep Afam Ogene, who expressed concern over the lack of public awareness on the looming deadline. Ogene noted that with less than two months to go, the CBN has not…

He died in a hospital in the United States, according to a reliable source. An official statement regarding his death is expected to be released soon. Born on October 2, 1941, Nwosu was appointed NEC Chairman by then Military President, General Ibrahim Babangida, serving from 1989 to 1993. During his tenure, he conducted Nigeria’s historic June 12, 1993 election, widely regarded as the freest and fairest in the country’s history. The election saw Chief Moshood Abiola as the presumed winner. The election was then annulled. Chief Abiola, of the defunct Democratic Party, SDP, beat Bashir Tofa of the defunct National…

Manchester City is reportedly considering Sporting CP striker Viktor Gyokeres as a potential replacement for Erling Haaland, which could disrupt Arsenal’s transfer plans for the forward. A post by Mirror UK on Wednesday noted that Gyokeres, 26, has been linked with a move to the Emirates, but City may swoop in if Haaland departs for Real Madrid. Haaland, who joined City from Borussia Dortmund in 2022, has been in sensational form, scoring 101 goals in 109 appearances and helping the club secure two Premier League titles, the FA Cup, and the Champions League. However, Sky Sports reports that Real Madrid…

Justice Maryann Anenih of the Federal Capital Territory High Court in Maitama, Abuja, on Thursday, adjourned till November 14, for arraignment of the defendants and response to the summons issued by the Court for the immediate past Governor of Kogi State, Yahaya Bello. He is to appear before it for arraignment on the fresh 16-count charges brought against him by the Economic and Financial Crimes Commission. The adjournment was fixed on the request of the prosecution counsel, Rotimi Oyedepo (SAN), who stated that at the last adjourned date, the court had issued a public summons against the 1st defendant…

The National Women Leader of the All Progressives Congress, Dr Mary Alile Idele, has urged the newly appointed Minister of Women Affairs, Imaan Sulaiman-Ibrahim, to prioritise the implementation of policies focused on combating gender-based violence nationwide. In a statement on Thursday, Idele also urged the minister to prioritise support for vulnerable women across Nigeria. “I urge you to work towards implementing policies that combat gender-based violence and support vulnerable women in the country.” Idele added, “Her appointment is not only a victory for women in Nigeria but also a testament to President Tinubu’s visionary leadership and the APC’s commitment to…