NBS: FG’s revenue from company income tax tripled to N1.53trn in Q2 2023
The federal government’s revenue from company income tax (CIT) more than tripled to N1.53 trillion in the second quarter (Q2) of 2023. Data culled from the National Bureau of Statistics CIT report on Monday, show that the value is 226.40 percent higher than the N469 billion the government rake in Q1 2023. […]
Umahi: Road contractors using asphalt must sign 30-year durability agreement
David Umahi, minister of works, says contractors using asphalt in road construction in the country must sign a 30-year durability agreement for the projects. Speaking at a news conference in Abuja on Monday, Umahi said such contractors would not be stopped from using their preferred raw materials but must sign the durability agreement. […]
Oil price rises to $89 a barrel — first time in 10 months
Oil price, on Monday, rose to a record high, nearly hitting the $90 a barrel mark. Brent crude, the global oil benchmark, rose to $89.03 — the first time in 10 months; while US West Texas Intermediate rose to $85.95 a barrel. The increasing oil prices have been said to be driven […]
‘I get frightened’ — Tinubu moves to digitalise ‘bloated’ civil service payroll
President Bola Tinubu has expressed his readiness to incorporate technology into public service administration. According to a statement issued by Ajuri Ngelale, special adviser to the president on media and publicity, Tinubu spoke on Monday while receiving Andres Arroyo, vice-president of Oracle, a computer technology company, at the State House. The president […]
NLC absent at FG’s meeting to avert warning strike
The leadership of the Nigeria Labour Congress (NLC) was absent at a meeting called by the federal government to avert the planned two-day warning strike by the union. TheCable understands only Festus Osifo, president of the Trade Union Congress (TUC), showed up for the meeting slated for 3 p.m. but started at exactly […]
Sanusi: How inexperienced boy bought private jet under Buhari
Muhammadu Sanusi II, the former Emir of Kano, says Nigeria led a false life under the administration of former President Muhammadu Buhari. Speaking at a virtual religious summit on Sunday, Sanusi said “sycophants” bought the dollar at N400 and sold N540, while the government borrowed money from within and outside the country. […]
Obasanjo: I knew Buhari didn’t understand economics but didn’t know he was so reckless
President Olusegun Obasanjo, who twice led Nigeria — first as military head of state (1976-1979) and later as an elected civilian president (1999-2007) — can claim to have seen it all. Born on March 5, 1937, the 86-year-old retired general has been a constant in Nigeria’s history in and out of office, offering comments […]
Reps summon water resources minister over ‘illegal’ auction of river basin authorities’ assets
A house of representatives ad hoc committee has summoned Joseph Utsev, minister of water resources and sanitation, over the alleged illegal auctioning of some government assets. The ad hoc committee investigating the “illegal” disposal of some government properties between 2010 and 2022 and non-remittance of the revenue realised from the sale of the […]
‘Give us more time’ — FG begs NLC to suspend planned warning strike
Simon Lalong, the minister of labour and employment, has appealed to the Nigeria Labour Congress (NLC) to suspend its proposed two-day warning strike over the impact of petrol subsidy removal on the masses. On September 1, Joe Ajaero, NLC president, announced that the strike would commence on Tuesday. Speaking at a press […]
‘Punishing economic circumstances’ — banks, insurance firms to join NLC’s two-day strike
The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) says its members will join the Nigeria Labour Congress (NLC) in its two-day strike action. NLC recently announced plans to embark on a nationwide strike to protest the hike in petrol pump price, electricity tariff, alongside other issues, and accused the federal […]