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The ongoing investigation into the alleged financial fraud during Godwin Emefiele's time as Governor of the Central Bank of Nigeria has uncovered shocking revelations. With an estimated N7 trillion involved, the probe is set to expose the mismanagement and compromised regulations within the financial system. Despite facing pressure from influential figures, the investigative team is determined to unveil the truth and hold the perpetrators accountable.
The Ahmed Bola Tinubu administration in Nigeria is prioritizing domestic health financing, industrialization, and improved health outcomes. Vice President Kashim Shettima reaffirms the administration's commitment to repositioning Nigeria's healthcare system, emphasizing the importance of increased domestic financing for health and promoting health industrialization. Global Health Partners, including the Global Fund, US President's Malaria Initiative (PMI), and the US President's Emergency Plan For AIDS Relief (PEPFAR), express their support and commitment to working with the Tinubu administration towards these goals. The visit coincides with the commemoration of the US government's 20 years of support to Nigeria's fight against HIV/AIDS through the PEPFAR initiative.
The Nigerian Association of Road Transport Owners (NARTO) is urging the Federal Government to stop the 7.5% Value Added Tax (VAT) on diesel, as it is causing a hike in fuel prices and disrupting the distribution of petrol. NARTO claims that diesel is essential for transporting petrol across the country, and the high cost of diesel is becoming unbearable for transporters. This article delves into the challenges and implications of the VAT on diesel and calls for an immediate solution to prevent further disruptions in the supply of petroleum products.
With the upcoming Supreme Court case challenging President Bola Tinubu's electoral victory, Prophet Kingsley Okwuwe predicts success for Peter Obi. In a recent prophecy, Okwuwe urges supporters to continue praying and shows confidence that Obi will triumph in the end.
The Central Bank of Nigeria (CBN) has issued prudential guidance to banks in response to the currency devaluation. The guidance includes setting aside revaluation gains as a counter-cyclical buffer and granting forbearance to banks breaching limits. This move aims to safeguard banks from future currency fluctuations.
Former Vice President Yemi Osinbajo's former aide, Laolu Akande, has called on President Bola Tinubu to publicly declare the need for electoral system reforms in Nigeria. Akande referenced the late former President Umaru Musa Yar'Adua's historic admission that the 2007 election was fraudulent, urging Tinubu to follow in his footsteps. The call for reform comes amidst concerns about the credibility of the Nigerian electoral process.
The National Assembly Election Petition Tribunal has ordered a rerun election in 32 polling units of the Eti-Osa Federal Constituency in Lagos, Nigeria. The election held on February 25 was declared inconclusive due to the failure of elections in these polling units. Thaddeus Attah of the Labour Party, Babajide Obanikoro of the APC, and Bankole Wellington, popularly known as Banky W, of the PDP were the main contenders in the election. The court's decision has generated different reactions from the candidates and their supporters.
The Federal Capital Territory (FCT) Administration, led by Minister Nyesom Wike, vows to prioritize the development of satellite towns. The aim is to ensure progress and prosperity reaches beyond the city center. This commitment will focus on various key areas, including infrastructure, transportation, environment, education, healthcare, and the economy.
The Minister of the Federal Capital Territory (FCT) has appointed Mandate Secretaries for different sectors in the FCT administration. The Minister emphasized the need for teamwork, transparency, and accountability in implementing the President's vision. The FCT Administration aims to create a world-class city that extends beyond the city center, providing progress and development in all areas. The key areas of focus include developing satellite towns, improving public transportation, creating a clean and green environment, prioritizing education, agriculture, and health sectors, and boosting the tourism sector. The Abuja Master Plan violations will also be dealt with decisively.
The Nigeria Customs Service (NCS) is working on modalities to enable Nigerian importers to clear their goods from the ports in Cotonou, Benin Republic. This move is aimed at boosting trade relations between Nigeria and Benin Republic, as well as curbing smuggling. The director-general and senior officials of the customs service of Benin Republic recently visited Nigeria to finalize agreements for this partnership. Although the details are still being worked out, this development will allow Nigerian importers to pay duties on their goods in Cotonou ports and freely enter Nigeria.
The Federal Capital Territory (FCT) Administration, led by Mr Nyesom Wike, emphasizes the importance of developing satellite towns in ensuring balanced progress and development in the region. Inaugurating the Mandate Secretaries, Wike highlighted the need for transparency, efficiency, and accountability in addressing key issues affecting service delivery. The focus on Internally Generated Revenue and comprehensive public transportation showcases the administration's commitment to transforming the FCT into a world-class city.
After a two-year delay, Nigeria has finally started the freight services on the long-awaited Lagos-Ibadan train line. The Minister of Transportation flagged off the cargo train, which will operate on a temporary single track until a customs scanner is removed. This development is expected to decongest the Apapa Port and ease transportation of goods across the country.
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has emphasized the importance of developing satellite towns in the FCT. During the inauguration of Mandate Secretaries for the FCT Administration, he highlighted the need for progress and development beyond the city center. With a focus on transparency, efficiency, and accountability, the FCT Administration aims to achieve a world-class capital city.
The Nigeria Customs Service (NCS) is in talks with the Customs Service of the Republic of Benin to improve trade relations between both countries. The collaboration aims to enhance customs administration, trade facilitation, and regional cooperation. The NCS has undertaken measures to reduce barriers along trade corridors and is integrating its IT systems to curb illegal entry of vehicles. Initiatives have also been launched to harmonize the list of prohibited products in Nigeria. The collaboration is a significant milestone towards strengthening ties and promoting legitimate trade within the West African region.
The Nigeria Customs Service (NCS) has announced collaboration talks with the Customs Service of neighbouring Republic of Benin to improve trade relations between both countries. This move is expected to enhance customs administration, trade facilitation, and regional cooperation.
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