House of Representatives Rejects VAT Increase, Retains 7.5%
The House of Representatives has voted to retain VAT at 7.5%, rejecting the proposed increase to 15% by 2030. Lawmakers also dismissed the planned reintroduction of inheritance tax, previously presented…
Lagos Gas Explosion Death Toll Rises to Five
The death toll from last Tuesday’s gas explosion on Otedola Bridge along the Lagos-Ibadan Expressway has increased. Akintayo Akinjoye, who operated an office near the explosion site, died at Gbagada…
Nigeria, Shelter Afrique Development Bank to Sign Landmark Housing Partnership
The Federal Ministry of Housing and Urban Development will sign a Housing Development Partnership Agreement with Shelter Afrique Development Bank (ShafDB) during the Renewed Hope Housing PPP Summit on March…
Eko Atlantic: Africa’s Coastal Megacity Transforming Lagos into a Global Powerhouse
Lagos, Nigeria’s commercial nerve center, is home to one of Africa’s most ambitious real estate and infrastructural projects: Eko Atlantic. Often dubbed the “Dubai of Africa,” this multi-billion-dollar development aims…
FG Partners with US Firm for Aerial Data Collection in Abuja
The Office of the Surveyor General of the Federation (OSGOF) and US-based company PLACE have launched a project for Drone Imagery Acquisition and 3D City View of Abuja. High-Resolution Aerial…
MTN Nigeria to Build New Headquarters in Eko Atlantic
MTN Nigeria has officially announced plans to construct its new headquarters in Eko Atlantic City, becoming the first telecom company to build there. MTN’s Long-Term Investment in Lagos Speaking during…
Ibadan Couple Raises Alarm Over Alleged Land Grabbing, Intimidation
An Ibadan-based couple, Mr. Ridwan Olalekan Saka and Mrs. Sakirat Omobolanle Saka, has accused family members of land grabbing, intimidation, and threats over a 36-acre inherited land in Ido Local…
Tinubu Allocates N40bn to Complete National Library
President Bola Tinubu has approved N40 billion for the completion of the abandoned National Library project, reinforcing the government’s commitment to academic and research development in Nigeria. Key Education Commitments…
Finance Ministry Calls on MOFI to Maintain Transparency in Asset Valuation and Management
The Ministry of Finance Incorporated (MOFI) has been directed to develop and submit a detailed roadmap for the remuneration and valuation of all Federal Government of Nigeria (FGN) assets, both…
Tax Reform Bill Gets 100% Approval At House Of Reps
The House of Representatives has formally adopted the Tax Reform Bill as a working document after deliberations in the Committee of the Whole on Thursday. Key Highlights of the Tax…