The bank windfall tax introduced by an amendment of the finance act 2023 is eliciting reactions in the country. But while the government jubiliates and the banks hesitate, what does the development portend for the economy as a whole? The bank windfall tax, a revenue expansion drive by the Nigerian Government, has been the subject of many conversations across the country. Coming on the wake of the huge profits recorded by financial institutions in...
Dangote Refinery, a subsidiary of the Dangote Group, has been on an iconic journey since its conception in 2013. Here is a run through of its progression, successes and challenges over the years. Dangote Refinery, the largest single-train refinery in the world, owned by Dangote Group, was inaugurated on the 22nd of May 2023 in Lagos, Nigeria. At full operation, it is expected to have the capacity to process about 650,000 barrels of crude oil...
Iseyin/Itesiwaju/Kajola/Iwajowa federal constituency is located within the Oke-Ogun region of Oyo State and falls within the jurisdiction of two lawmakers in the Nigerian federal parliament. This piece addresses the importance of these lawmakers combining efforts to fly the flag of the constituency on the floor of the 10th National Assembly. Iseyin/Itesiwaju/Kajola/Iwajowa is one of 14 federal constituencies in Oyo State, and it is being represented at the House of Representatives by the Rep. Oyeshina Namjimdeen Oyedeji...
The federal government has reached an agreement with the labour unions to pay N70,000 as the new minimum wage for Nigerian workers The Federal Government has finally reached a consensus with the leaders of organised labour on the new minimum wage. The wage was pegged at N70,000 after much deliberation and months of recurring warning strikes. How it all began… The current minimum wage of N30,000 wage has been in existence since 2019 and there...
Imo Assembly calls for the removal of chief judge, Hon. Justice Theresa Chikeka over alleged age falsification. The Imo State House of Assembly has recommended the immediate removal of the chief judge, Theresa Chikeka, from office. This recommendation was made on Wednesday, July 17 following an allegation of age falsification brought against her by a Civil Society Organisation (CSO). Hon. Justice Chikeka, who hails from Owerri North, Imo State, was sworn in as high court...
Representatives on the platform of the Labour party have mourned Abubakar Adams who passed away on Tuesday, 16th of July at the age of 39. The Labour party caucus in the House of Representatives has mourned the death of its member, the late Abubakar Adams. Describing the late lawmaker as a dedicated and grassroots-focused representative, the caucus showered encomiums on him. In a statement signed by Rep. Victor Ogene, leader of the caucus, and released...
Local government autonomy is now a reality in Nigeria but what does it mean and what duties does it impose on citizens? Local government autonomy has been the song on many lips these past weeks and months. This is as a result of the recently resolved suit brought by the Federal Government against the State Governments. As a country, several lapses have been noticed in the discharge of duties of local government authorities and their...
The new livestock ministry comes amid unabating clashes between farmers and herders across different parts of the country President Bola Ahmed Tinubu has approved the creation of a federal ministry of livestock development. The President gave the approval during the inauguration of the Presidential Committee on Livestock Reforms at the Council Chamber of the State House in Abuja on Tuesday. This approval is coming 10 months after the President approved the establishment of the presidential...
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