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The United Arab Emirates has lifted the year-long visa ban imposed on Nigerian travelers and has resumed flights between both countries. President Bola Tinubu and UAE leader Mohamed bin Zayed Al Nahyan concluded a historic agreement that has led to the immediate cessation of the visa ban. This news comes as a relief to Nigerian travelers and will also boost the tourism industry between the two nations.
The Edo State Governor, Mr. Godwin Obaseki, has launched a free bus service to ease the burden of the fuel subsidy removal on the people of the state. The initiative, operated by the Edo City Transport Limited (ECTS), covers both intra-city and intercity routes, offering free transportation to residents. The governor's administration is committed to reducing hardship and supporting the welfare of the people, implementing various programs to alleviate the impact of the subsidy removal. The free bus service will be available for at least two months.
Nigeria and the United Arab Emirate (UAE) have finalized an agreement to lift the visa ban on Nigerian travelers and resume flights by Etihad and Emirates Airlines. President Bola Tinubu's visit to the UAE and his diplomatic efforts have led to the restoration of cordial relations between both countries. The agreement includes significant investments in Nigeria's economy and a joint foreign exchange liquidity program. This development marks the beginning of a new era of economic opportunities for Nigeria.
There is an ongoing clash between Dr. Greg Ezeilo, Chairman of Anambra State Board of Internal Revenue Services, and Dr. Christian Madubuko, the Executive Director of Operations, over the revenue profile of the state. Each party is accusing the other of peddling false information. This clash is also affecting their supporters in revenue collection.
Nigeria has received a $163 million loan from the African Development Bank (AfDB) to support the scaling up of wheat production in the country. The government aims to cultivate 250,000 hectares of wheat during the next cropping season as part of its wheat self-sufficiency drive. This loan is a significant boost to Nigeria's agriculture sector and its efforts to enhance food security for its growing population.
The Nigeria Communications Commission (NCC) conducted a sensitization campaign to educate Nigerians about the risks of electronic fraud and the importance of protecting their personal information. The NCC emphasized the need to safeguard sensitive banking details, such as ATM card information, to prevent falling victim to fraudsters. With electronic fraud on the rise, this campaign aimed to empower individuals with the knowledge and awareness necessary to avoid online scams and safeguard their finances.
The Minister of the Federal Capital Territory (FCT), Ezenwo Nyesom Wike, has denied recent online media reports that he plans to invite the EFCC and ICPC to investigate the former FCT Minister, Malam Muhammad Musa Bello. The FCT Minister's office categorically stated that the reports are baseless and lack merit. They urge the public to disregard the misinformation and exercise caution when encountering such unfounded reports.
Umar Dangiwa, a former military administrator of Kaduna, has stated that the ongoing probe of the Central Bank of Nigeria (CBN) by the Bola Tinubu administration will expose significant corruption that occurred under the Muhammadu Buhari government. Dangiwa highlights alleged forex round-tripping and Anchor Borrowers fraud by the President's cabal. This article delves into the claims made by Dangiwa and the implications of the CBN probe.
The Nigerian Communication Commission (NCC) emphasizes the importance of safeguarding bank details to protect customers from falling victim to electronic fraud. They have initiated a nationwide sensitization campaign titled "Shine Your Eye, No Fall Mugu" to educate Nigerians on the various forms of e-fraud and how to prevent them. NCC's efforts aim to empower individuals with the necessary knowledge to protect themselves in modern-day electronic and financial transactions.
The Nigeria Customs Service (NCS) has suspended two commercial banks for failing to remit import duties and other statutory charges. The banks, whose names were not disclosed, were unable to meet the Service-Level Agreements (SLAs) set by the NCS. The suspension, aimed at ensuring transparency and efficiency in revenue collection, involves a substantial sum of over N10 billion. Importers are urged to use authorized dealer banks that comply with NCS regulations.
The FCT wing of the Nigeria Union of Teachers (NUT) has directed its members in the six area councils to go on an indefinite strike over non-payment of 25 months arrears and the non-implementation of a peculiar allowance. The strike comes as schools in the FCT resume for the new academic session today. The union has vowed not to call off the strike until its demands are met.
The Nigeria Social Insurance Trust Fund (NSITF) and the Plateau State Government have reached an agreement to resolve their tax dispute. They have decided to withdraw the case from the Tax Appeal Tribunal and form a four-man technical committee to find a resolution. The NSITF has also paid N62 million in backlog Pay As You Earn Tax (PAYE) to the Plateau State Internal Revenue Service (PSIRS). The PSIRS has expressed support for the implementation of the Employee Compensation Scheme (ECS) and will rectify its contributions to the scheme.
The Nigerian Electricity Regulatory Commission (NERC) has approved a 40% increase in the prices of electricity meters, following a previous review in November 2021 that raised costs by 30%. The price hike, based on changes in macroeconomic indicators, has drawn criticism for its potential impact on the struggling working class and poor citizens. This article argues for measures to address the metering gap without burdening consumers and calls on NERC to prioritize the needs of the population.
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The University of Lagos (UNILAG) has revealed that it spends over N1.7 billion each year on electricity bills alone. The institution's vice-chancellor, Prof. Folasade Ogunsola, stated that the recent increase in tuition fees was necessary to maintain the quality of education. UNILAG has introduced an instalment payment option for students who were unable to afford the new fees.
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