Author: Press Room

Senate Leader Opeyemi Bamidele has declared that Nigeria is now “ripe for full recovery” following a year of sweeping reforms across key sectors of the economy. Reflecting on 2025, which he described as “a truly defining year”, Bamidele—in a statement shared with The Guardian on Wednesday—said the National Assembly had worked closely with other arms of government to enact measures ranging from tax reform to constitutional review, while maintaining its independence.“The enactment of the 2025 Tax Reforms Act, for instance, is perhaps the most consequential of all these reforms,” he stated. “Its core intention is to introduce a cohesive tax…

The Ondo State Governor, Mr. Lucky Aiyedatiwa, has forwarded a new tax bill for the state to the state House of Assembly for consideration. The development came barely 24 hours before the commencement of implementation of the new tax law by the federal government, which is starting January 1, 2026. The state Attorney General and Commissioner for Justice, Dr Olukayode Ajulo, SAN, disclosed this after the State Executive Council meeting held on Tuesday. This was contained in a statement issued by the Chief Press Secretary to the Governor, Mr Ebenezer Adeniyan, on Wednesday.  According to the statement, the meeting was…

Governor Chukwuma Soludo of Anambra State Anambra State governor, Professor Chukwuma Soludo, has admitted that the State House of Assembly adjusted the 2026 Appropriation Bill, which he signed into law based on the lawmakers’ wisdom. The budget, which was signed into law at the Lighthouse in Awka, the state capital, saw an increase from N757 billion to N766 billion after extensive deliberations by the Eighth Assembly. The increment followed the House consideration and adoption of the report of its Hon. Ejike Okechukwu-led Committee on Finance and Appropriation, which recommended adjustments to the original estimates. Accordingly, the recurrent expenditure rose by…

The curtain came down on Group C of the 2025 Africa Cup of Nations (AFCON 2025) on Tuesday night, and it did so with drama and a few standout individual performances that defined the final standings, Soccernet.ng reports.  Nigeria powered past Uganda 3-1 to complete a perfect group-stage campaign, while Tanzania stunned many by holding fancied Tunisia to a 1-1 draw. Those results meant the Super Eagles finished top with a flawless nine points, Tunisia squeezed through as runners-up on four, and Tanzania progressed as one of the best third-placed teams with two points. Uganda bowed out. Yet beyond the…

The Deputy National Chairman of the Labour Party, Clement Ojukwu, The Deputy National Chairman of the Labour Party, Clement Ojukwu, on Wednesday dismissed reports that he had defected to the African Democratic Congress (ADC), calling the claims false and misleading. In a statement issued by the party and dated December 31, Ojukwu said he remained a committed member of the Labour Party and had no intention of leaving the organisation he helped to build. The clarification followed widespread circulation of reports on social media claiming that he had joined the ADC. “I remain a loyal member of the Labour Party,”…

Ogbonnaya Ikokwu The Abia State Government has inaugurated and taken possession of the purpose-built Ndi Okereke Anam Primary Healthcare Centre, donated by Chief James Ume (IKEM ABAM) for the use of his Ndi Okereke Abam community in Arochukwu Local Government Area. Also inaugurated are 30-unit purpose-built houses for the underprivileged and a church hall for the people of Idima Abam, all donated by Ume. At the inauguration, the Abia State Governor, Alex Otti, commended Ume for the gesture, noting that the projects align perfectly with his administration’s agenda of creating the right environment for the people. The governor, who was…

A fraudster handcuffed by Police The Police Command in Oyo State says it has arrested a 22-year-old suspect for allegedly raping a 17-year-old girl after intoxicating her with a substance. The Command’s Public Relations Officer (PRO), DSP Ayanlade Olayinka, disclosed this in a statement to newsmen on Tuesday in Ibadan. Olayinka said that the Alakia Adelubi Police Division received a report of sexual assault on a 17-year-old female on Thursday and immediately began investigations. “The victim was promptly taken to a hospital for medical examination, while the scene of the incident was visited, and the suspect was arrested and taken…

Former Binance CEO Changpeng Zhao, widely known as CZ, said Pakistan’s ability to move quickly on crypto regulation and adoption could position the country as a global crypto leader within the next five years. Key Takeaways: CZ says fast-moving regulation could make Pakistan a global crypto leader within five years. Pakistan is formalizing its crypto market through regulation, exchange licensing, and tokenization plans. Zhao argues blockchain offers low barriers for entrepreneurs but needs stronger education and support. Speaking in a recent interview with Pakistan Crypto Council CEO Bilal bin Saqib, Zhao praised Pakistan’s leadership for recognizing strong domestic demand for…

Nigerian banks will begin deducting a ₦50 stamp duty on electronic transfers of ₦10,000 and above from January 1, 2026, following the commencement of provisions of the newly enacted Tax Act. The development was communicated to customers by several commercial banks ahead of the policy’s implementation. Under the arrangement, the charge, previously known as the Electronic Money Transfer Levy, will now be formally classified as stamp duty and applied as a one-off ₦50 fee on qualifying electronic transfers. In a notice to customers on Tuesday, the United Bank for Africa informed its account holders that the new Tax Act would…

The National Vice Chairman of the All Progressives Congress (APC), South-South, Victor Giadom, has said that Rivers State Governor, Siminalayi Fubara, would need the support of the Minister of the Federal Capital Territory, Nyesom Wike, to secure any electoral victory in Rivers State, particularly in Ogoniland. A viral video sighted by The Guardian showed that Giadom spoke on Tuesday during Wike’s ‘thank-you’ visit to the people of the Gokana Local Government Area of the state.Describing Wike as a dependable political leader in Rivers, Giadom assured the minister that there was no rival political force in Gokana.“I can guarantee, on behalf…