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Precious Obazee

New Finance Bill Scales 2nd Reading, Proposes 10% VAT For Defaulters

Nigeria’s Finance Bill 2020 has scaled second reading on the floor of the Senate. The proposed legislation stipulates various amendments made to the 2019 version...

Currency Watch: Naira Gains, Exchanges For 490 Per Dollar

Naira exchanged to the dollar at 490/$ in the parallel market on Wednesday, after it had sold for N500 on Monday. The Bureau De Change...

President Buhari Set to Mete Stiff Measures on Discos, Agents Selling Prepaid Meters

President Muhammadu Buhari has restated his resolve to mete stiff measures to any of the Discos or their agents selling prepaid meters to their...

Over 49,000 Doctors And Scientists Call For An End To Covid Lockdowns

Doctors and scientists from around the world have signed a document calling for an end to COVID-19 lockdowns because of “grave concerns” over public...

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Court Rules Lucky Aiyedatiwa Ineligible To Seek Re-Election In 2028

The Federal High Court sitting in Akure has ruled that Lucky Aiyedatiwa is not eligible to contest the 2028 governorship election. In a judgment delivered on Thursday, Justice Toyin Adegoke held that the Nigerian Constitution does not allow an elected president, vice president, governor, or deputy governor to remain in office for more than eight years. Aiyedatiwa...

Global Crude Prices Rise: What It Means As Dangote Refinery Slashes Petrol Prices In Nigeria

Global crude oil prices climbed again on the international market, rising by about 9.2 percent, reversing part of the earlier decline that had triggered a reduction in petrol prices in Nigeria. As of the latest market updates, Brent Crude was trading around $92 per barrel, while the U.S....

Ondo Government Restricts Motorcycle Operations Across 18 LGAs

The Ondo State Government has introduced new security measures restricting the operations of commercial motorcycles across all 18 local government areas of the state. The directive, which took effect on Wednesday, limits motorcycle operations between 6 a.m. and 7 p.m., as part of efforts to strengthen security and maintain public order. The announcement was...