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22

Nigeria’s National Economic Council recommends withdrawal of tax reform bill

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The National Economic Council (NEC) comprising of the 36 state Governors and chaired by the Vice President has recommended the withdrawal of the Tax Reforms Bill currently before the National Assembly.

20

Tax: Presidency responds to Northern Governors’ rejection of proposed derivation model for VAT distribution

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The Nigerian presidency has responded to the Northern Governors' Forum's rejection of the new derivation-based model for Value-Added Tax (VAT) distribution in the tax reform bills currently before the National Assembly.

Bill to extend service years, retirement age of health workers to 65 years scales 2nd reading

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The House of Representatives has passed a bill seeking to increase the retirement age of health workers in the country from 60 years to 65 years through the second reading stage.

16

Average cost preparing pot of jollof rice hits N21,579, 31% of minimum wage in September

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The average cost of preparing a pot of jollof rice in Nigeria has risen to N21,579, consuming roughly 31% of the country’s minimum wage (N70,000) in September.

08

Canada’s Immigration Minister defends reduced immigration targets

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Canada's Immigration Minister, Marc Miller, is defending the government’s decision to cut annual immigration targets, a shift in policy that will lower the intake of both temporary and permanent residents starting in 2025. 

07

TCN restores electricity to some northern states after 9-days of total blackout

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The Transmission Company of Nigeria (TCN) has announced that it has restored electricity to several northern regions, including Lafia, Makurdi, Jos, Kaduna, Kano, Bauchi, and Gombe states.

Why we keep building permit fee high in Lagos – Sanwo-Olu

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The Lagos State Governor, Babajide Sanwo-Olu, has addressed concerns about the high cost of building permits, stating it is a measure to reduce bribery and curb abuse in the construction approval process.

Wednesday, Oct 30

21

Lagos govt seals Ikeja Golf Club over public safety concerns

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The Lagos State Government has shut down Ikeja Golf Club over public safety concerns stemming from multiple instances of negligence.

President Tinubu appoints Major Gen. Oluyede as Acting Chief of Army Staff

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President Bola Ahmed Tinubu has appointed Major General Olufemi Olatubosun Oluyede as the acting Chief of Army Staff (COAS).

20

Access Bank launches ‘Power of 100 Africa’ to celebrate trailblazing women across the continent

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Access Bank, Africa’s leading commercial bank, has announced the launch of The Power of 100 Africa initiative, aimed at honoring women driving change across various sectors in Africa.

Nigeria’s 36 states spent only 58% of their health budget in 2023—Report

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Nigeria’s 36 states collectively spent N1.39 trillion on health in 2023, representing 58.16% of their N2.3 trillion budget for the item in the year.

18

Rex 2.0 – Real Estate Nexus Conference sets new standards for Real Estate growth in Nigeria

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The REX 2.0 Conference, held on October 24, 2024, at Civic Center in Lagos, was a gathering of Nigeria’s top real estate leaders, financiers, developers, technology experts, and industry enthusiasts.

17

Top 10 states where Nigerians paid the most road taxes in 2023

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The 2023 IGR report, compiled by the Joint Tax Board in partnership with state revenue authorities, provides insight into how road taxes contribute to state-level finances.

Nigerian borders now safer with the deployment of technology – Kemi Nandap

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The Comptroller General, Nigeria Immigration Services (NIS), Kemi Nandap, has said that Nigerian borders are now safer than before as the service deployed technology across the nation’s entry points.

15

Alleged Fraud: Yahaya Bello opposes EFCC’s move to arraign him in absentia

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The former Governor of Kogi State, Yahaya Bello, has opposed the Economic and Financial Crimes Commission (EFCC) moves to arraign him in absentia in an alleged fraud case. The EFCC’s application to arraign Bello in his absence was argued…

14

Rivers State got 60.44% of its total revenue from federal allocation in 2023

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Rivers State, a major oil-producing region in Nigeria and often referred to as the "Treasure Base of the Nation," received 60.44% of its total revenue from the Federation Account Allocation Committee (FAAC) in 2023.

FG sets up 4 toll points on Abuja-Keffi-Makurdi Road to repay $460.8. million Chinese loan

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The Federal Government has set up four electronic toll points along the 260km Abuja-Keffi-Makurdi expressway to repay a $460.8 million loan from China Exim Bank, covering 85% of the project’s $542 million total cost.

13

Court bars CBN, Accountant-General from further disbursing allocation to Rivers state

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The Federal High Court in Abuja, on Wednesday, issued an order barring the Central Bank of Nigeria (CBN) from further disbursing monthly financial allocations to the Rivers State government.

11

Trump’s net worth doubles to $8 Billion in less than 30 days

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Donald Trump’s net worth has seen a stunning ascent in October, rising from just under $4 billion at the start of October to $8 billion(Forbes), buoyed by an impressive rally in the stock of his media enterprise, Trump Media & Technology…

08

Biden commends Tinubu for Tigran’s release, Highlights U.S.-Nigeria partnership on combating illicit crimes and Crypto regulation

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United States President Joe Biden has confirmed discussions with his Nigerian counterpart, President Bola Tinubu, about a U.S.-Nigeria partnership aimed at advancing prosperity.

07

UK University, Mo Ibrahim Foundation offer full scholarships for African students in Governance

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The Mo Ibrahim Foundation, in partnership with SOAS University of London, has opened applications for its fully funded scholarship program; providing African students with the chance to pursue a PhD or Master’s degree in governance and…

Tuesday, Oct 29

00

 Governor Sanwo-Olu denies reports of suing EFCC, launches probe

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Lagos State Governor, Babajide Sanwo-Olu, has denied reports claiming he sued the Economic and Financial Crimes Commission (EFCC) over alleged threat to arrest, detain and prosecute him after his tenure as governor.

23

Governor Biodun Oyebanji presents N375.8 billion 2025 Budget to Ekiti State Assembly

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Ekiti State Governor, Biodun Oyebanji, presented a budget estimate of N375,790,077,618.15 for the 2025 fiscal year, emphasizing strategic investments in food security, employment generation, and wealth creation.

20

Gov. Ahmed Ododo approves N600m for over 18,000 WASSCE students

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Kogi State Governor Ahmed Ododo has announced the approval of N600 million for the payment of the West African Senior School Certificate Examination (WASSCE) fees for Senior Secondary Three (SS3) students in the state for the 2024/2025…

EFCC sting operation leads to arrest of four alleged bank system hackers in Abuja

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The Economic and Financial Crimes Commission (EFCC) says it has arrested four individuals for allegedly hacking a bank's system in Abuja.

Kano Governor Yusuf approves N71,000 minimum wage for civil servants

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Kano State Governor Abba Kabir Yusuf has approved a minimum wage of N71,000 for state civil servants.

19

Reps advances Bill to establish Armed Forces Farms and Ranches Scheme

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The House of Representatives has advanced a bill to establish an Armed Forces Farms and Ranches Scheme to second reading to promote economic diversification, and support agricultural production.

18

Sanwo-Olu sues EFCC over alleged plan to arrest, prosecute him after tenure

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Lagos State Governor, Babajide Sanwo-Olu, has filed a lawsuit against the Economic and Financial Crimes Commission (EFCC) over an alleged threat to arrest, detain, and prosecute him after his tenure ends.

17

Anambra State Government announces N100 million ‘Battle4Solutions’ competiton for Nigerian startups

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The Government of Anambra State has announced the opening of applications for a startup competition tagged ‘Battle4Solutions’ through which it intends to award over N100 million in prizes to participating Nigerian startups.

14

Nigeria ranks 11th of 12 countries with worst healthcare globally

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Nigeria ranks 11th out of the 12 countries with the worst healthcare systems globally. The recent report release by Legatum Prosperity Index, which assesses countries worldwide, places Nigeria alongside nations grappling with some of the…