By Jemimah Wellington, JKNMedia Reporter THE FEDERAL Executive Council (FEC), presided over by President Bola Tinubu, has taken a decisive step regarding tollgate fees at the nation’s airports. In a meeting held at the Presidential Villa in Abuja on Tuesday, it was unanimously agreed that there will be no more exemptions for high-ranking offic...
By David Adenekan TO START WITH, the new directive by the Central Bank of Nigeria that all Point of Sale (POS) outlets/holders must, on or before July 7th, 2024 be registered and incorporated as a business enterprise with the Corporate Affairs Commission (CAC) is a welcome development. A great initiative indeed! According to the Central [&hell...
By Jemimah Wellington, JKNMedia Reporter THE INTERNATIONAL Monetary Fund (IMF) has issued a pressing advisory to the Nigerian government, stressing the immediate necessity to eliminate what it terms ‘implicit’ subsidies on electricity and fuel. These subsidies, projected to consume three per cent of the nation’s Gross Domesti...
By Joke Kujenya THE HOUSE of Representatives, in a decisive move, under the leadership of Tajudeen Abbas, has directed the Central Bank of Nigeria (CBN) to cease the implementation of the cybercrime levy with immediate effect. This directive, issued on Thursday, comes in response to concerns raised regarding the compatibility of the CBN’...
By Jemimah Wellington, JKNMedia Reporter MICROSOFT Corporation (MSFT.O) has confirmed its decision to close the Africa Development Centre located in Nigeria’s commercial capital, Lagos. The company said this move, regrettably, is expected to result in job losses for employees based in the country. The centre, which was established in 202...
By Joke Kujenya THE LATEST findings from the Cadre Harmonisé (CH) report, a collaborative effort involving the International Rescue Committee (IRC) and multiple international organizations, paint a dire picture for millions across West and Central Africa. With 52 million individuals at risk of food insecurity during the upcoming lean season fr...
By Joke Kujenya THE Presidency has quashed rumours surrounding the absence of President Bola Tinubu from the country, asserting that his whereabouts are not due to medical reasons. Following his non-return to Nigeria after World Economic Forum (WEF) in Saudi Arabia, concerns emerged about Tinubu’s location. However, reacting to these speculati...
By Joke Kujenya FOLLOWING A federal trial in Camden, New Jersey, Isiaka and Bolaji Bolarinwa, a Nigerian couple residing in Burlington country, have been found guilty of coercing individuals into forced labour and related crimes. The verdict carries a potential sentence of 20 years in prison. The couple are aged 67 and 50 respectively. Evidenc...
By Blessing Obam, JKNMedia Reporter WORLD Press Freedom Day (WPFD), observed on May 3, usually honours the essential tenets of press freedom, advocates for journalists’ rights, and highlights the significance of an unfettered media in democratic settings. This year’s focus, “A Press for the Planet: Journalism in the Face of the Environmental C...
By Helen Okechukwu, JKNMedia Reporter CELEBRATING Labour Day, First Lady, Senator Oluremi Tinubu, has extended appreciation to Nigerian workers for their unwavering commitment to national advancement. In her address, she praised Nigerian workforce, describing them as dedicated, resilient and innovative individuals. She expressed profound grati...
