NewsReports

• Supply drops to 8.5 hours daily despite upgrade to Band ‘A’• We’re priced out of the market with electricity hike, MAN cries out• Output dips as costs of production, distribution skyrocket The burden of local manufacturing may have increased in recent times as the operators spent N290 billion on self-generated energy in a space of three months – first quarter – exclusive data …

The changing language used by the Ukrainian military in 72 hours of daily updates tells the story: “Ongoing defensive fighting.” “Significantly worsened.” Russian “tactical success.” You rarely ever hear Kyiv’s top brass sounding downbeat, but their steep southerly trajectory reflects the grave place Ukraine finds itself in. Russia is not just advancing slowly in one place; it appears to be advancing in …

• Internet group warns of negative impact of policy on economy• Levy aimed at financial institutions, telecoms, Buba clarifies The resentment that greeted the Federal Government’s 0.5 per cent cybersecurity levy appears not to have abated, despite the reported quiet withdrawal of the policy. The likes of Senate Chief Whip, Ali Ndume, had praised President Bola Tinubu for listening to …

***N150K could have been our target, but… ***Speaks on how to tackle corruption Joe Ajaero, the president of the Nigeria Labour Congress, NLC, can be an interviewer’s delight. That is if you do not allow him to hijack the session.   Versed in virtually all   aspects of labour, Ajaero can talk for as long as you allow him. Blessed with institutional memory, the unionist …

The Nigeria Football Federation, on Monday, unveiled former Ajax star Finidi George as the new coach of the Super Eagles. Super Eagles coach, Finidi George, flanked by NFF President, Ibrahim Gusau, and the Sports minister John Enoh during his unveiling on Monday. Finidi was appointed two weeks ago, but the NFF did not reveal the specifics of the deal he …

President Bola Tinubu has asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy and ordered a review. This followed the decision of the House of Representatives, which, last Thursday, asked the CBN to withdraw its circular directing all banks to commence charging a 0.5 per cent cybersecurity levy on all electronic transactions in the …

…those earning ₦25m and less get tax exemption The Presidential Fiscal Policy and Tax Reforms Committee (PFPTRC) has revealed plans to revolutionize Nigeria’s tax system, exempting 95% of the informal sector from all taxes.  Chairman of the Committee, Taiwo Oyedele, who revealed this over the weekend while speaking to journalists at the end of the close-out retreat of the PFPTRC …

The Federal Government has taken a bold step to introduce the Nigerian Academy for Cultural Studies (NACUS) as a specialized institution to train individuals for innovative studies and the development of Nigeria’s culture and history. Executive Secretary of the National Institute for Cultural Orientation (NICO) Otunba Biodun Ajiboye, made this known in a statement on Sunday in Abuja by his …

Lagos State Governor, Babajide Sanwo-Olu received the Duke and Duchess of Sussex, Prince Harry and Meghan Markle, on Sunday. The British Royal couple was received by Sanwo-Olu; his wife, Dr. Ibijoke Sanwo-Olu, and some members of the State Executive Council during a courtesy visit at Lagos House, Marina. L-R: Duchess of Sussex, Meghan Markle; the Duke, Prince Harry; Governor of …

The director-general of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala said Nigeria needs to continue to diversify attract investment and boost trade surplus. Okonjo-Iweala stated this while addressing newsmen after a meeting with the Duchess of Sussex Meghan Markle and other women at the Nigerian Women in Leadership event in Abuja on Saturday. Nigeria recorded N1.41 trillion trade deficit between October and …