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The Nigerian Association of Road Transport Owners (NARTO) has urged the federal government to remove the 7.5% Value Added Tax (VAT) on Automotive Gas Oil (AGO), commonly known as diesel. According to NARTO, the high cost of diesel due to the VAT imposition is impacting the distribution and supply of Premium Motor Spirit (PMS) petrol. Diesel is the primary fuel for about 90% of haulage trucks used to transport petrol from depots to retail outlets across the country. NARTO warns that unless the government takes swift action, the transporters may park their trucks, leading to a shortage of petrol supply.
The Nigerian Association of Road Transport Owners (NARTO) has called on the Federal Government to remove the 7.5% Value Added Tax (VAT) on Automotive Gas Oil (AGO), also known as diesel. NARTO warns that failure to remove the VAT would lead to disruptions in the distribution and supply of petrol (PMS). The high cost of diesel, coupled with the deplorable state of roads and skyrocketing dollar rate, has made the cost of doing business in the transport sector unbearable.
Nigeria's Emergency Communications Centres (ECC) now offer employment opportunities to over 1,200 Nigerian youths. These centres, initiated by the Nigerian Communications Commission (NCC), not only provide crucial emergency response services but also contribute to the country's socio-economic development by creating job placements for the youth population. Plans are underway to establish additional ECCs, leading to more employment in the future.
Rescue operations are currently underway in Nigeria's capital, Abuja, following a tragic building collapse that has left two people dead and many more feared trapped. Emergency crews have been working tirelessly to pull survivors from the rubble, as onlookers await news about their missing loved ones. This incident is just one example of the concerning number of building failures occurring across the country, highlighting a pressing need for improved safety regulations and maintenance practices.
The Central Bank of Nigeria (CBN) has announced new rules and regulations for in-country clearing and settlement of foreign currency fund transfers among Nigerian banks. The aim is to improve the efficiency and transparency of the foreign exchange market, address challenges in the current system, and reduce costs associated with correspondent banking services. Participants in the clearing and settlement process will need to open dollar accounts with the CBN, ensure sufficient funds for settlements, and comply with relevant anti-money laundering and know-your-customer requirements.
The Economic Community of West African States (ECOWAS) has ordered the activation of its military reserve force to restore constitutional order in Niger. Despite this move, ECOWAS remains committed to resolving the crisis through peaceful means and continuing dialogue. The leaders of ECOWAS member countries are currently in closed-door meetings to find a solution to the Niger crisis, with emphasis on prioritizing dialogue.
The Economic Community of West African States (ECOWAS) has ordered the activation of its military reserve force to potentially intervene in Niger and restore constitutional order. While emphasizing the importance of dialogue, ECOWAS remains committed to restoring constitutional order through peaceful means. The leaders of ECOWAS member states are currently holding closed-door discussions to find a solution to the Niger crisis.
The leaders of the Economic Community of West African States (ECOWAS) have ordered the activation of the reserve force to restore constitutional order in Niger. This decision comes after weeks of tensions and failed diplomatic efforts to resolve the crisis. ECOWAS remains committed to peaceful means, but the use of force is now being considered. The international community is being urged to support ECOWAS in its efforts to restore stability in Niger.
Nigeria Inter-Bank Settlement System Plc (NIBSS) has been successfully operating its instant payment system, NIP, for the past twelve years, making it a trailblazer in the field. NIP has revolutionized the way Nigerians send and receive money, eliminating the need for lengthy bank queues and paperwork. With the recent launch of the Federal Reserve's FedNow instant payment service, we compare the two systems and highlight NIP's outstanding achievements in the realm of real-time payment capabilities.
A horrific accident involving a truck belonging to the Dangote Group has resulted in the loss of three innocent lives and left their parents injured. The incident, which occurred in Zaria, Kaduna State, has shocked the community and raised concerns about road safety and the responsibility of the Dangote Group. This tragedy highlights the urgent need for improved road safety measures and greater accountability for commercial vehicles.
Former Edo governor and ex-APC national chairman, Adams Oshiomhole, has addressed the notion that President Bola Tinubu possesses magical solutions to Nigeria's challenges. Oshiomhole emphasized that campaign promises did not guarantee instant solutions and urged Nigerians to recognize the courage and humility displayed by the Tinubu-led administration in tackling national issues.
FastCash, an instant loan solution powered by First City Monument Bank (FCMB), has disbursed over 3 million loans worth N105 billion to Nigerians from all walks of life. Each loan was disbursed in less than five minutes, with no collateral or paperwork required. FastCash has become one of the most convenient ways for Nigerians to access funds and has bridged the credit gap in urban and rural areas. FCMB remains committed to financial inclusion and empowering individuals through innovative digital products.
Nigerians are taking the world by storm as they attempt to set Guinness World Records in various activities. From cooking marathons to singing marathons and even live video sessions, these individuals are seeking instant fame. The latest craze has captivated the nation and has celebrities and politicians rallying behind them.
Nigerians are on a quest to set Guinness World Records as they aim for instant fame. From cooking marathons to singing for hours, individuals across the country are pushing their limits. This craze has captivated the nation, with politicians and celebrities rallying behind these record-breakers. Not everyone has been successful, but the enthusiasm remains high.
Nigerians are taking their shot at fame by attempting to break Guinness World Records in various disciplines, from singing and live streaming to cooking and massage. The latest trend has captivated the nation, with individuals hoping to achieve instant recognition. While some have succeeded, others faced obstacles. This article explores the growing craze and highlights some of the impressive efforts made by Nigerians vying for a coveted position in the record books.
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