NEWS

  For the eighth year in a row, Nigeria’s Aliko Dangote is Africa’s richest person. In the latest Forbes’ annual list of the continent’s richest, Dangote’s estimated $10.3 billion net worth, however, is nearly $2 billion less than a year ago, primarily due to a roughly 20% drop in the …

Employers have been directed to deduct Capital Gains Tax (CGT) from any sum paid to employees where their services are terminated. The directive came from the Lagos Inland Revenue Service (LIRS), who explained that such compensations are subject to taxation in section 6(a) of the Capital Gains Tax Act although …

The spiritual leader of Biafra Agitation Movement, Prophet Anthony Nwoko, says the death of some pro-Biafra agitators during the operation python dance in 2017, was due to Nnamdi Kanu’s disobedience to God. Recalls that the Nigerian Army carried out operation python dance in South East in 2017, during which Kanu’s community in Abia …

Wife of Sokoto State Governor, Hajia Maryam Mairo Aminu Tambuwal has been delivered of a baby girl. The baby arrived in the early hours of Wednesday, January 2, 2019, at a highbrow hospital in Dubai, the United Arab Emirates. It is the first child for Hajia Maryam Mairo and her …

Zenith Bank Plc, Nigeria’s tier-1 bank, has announced that it plans to intensify effort in the area of retail banking this 2019, by lending more to SMEs and households; albeit at affordable interest rates too. Mr. Peter Amangbo, the Bank’s Chief Executive Officer, who made the disclosure recently in Lagos, emphasized …

The Tony Elumelu Foundation, the leading African-funded and founded philanthropy committed to empowering African entrepreneurs, is now accepting applications for the 2019 cohort of the TEF Entrepreneurship Programme. The Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs. Its objective is to generate …

BY ABUSATAR IDOWU HAMED Silicon Valley Chief of Protocol, Deanna Tryon has said that major Silicon Valley corporations, such as Facebook and Twitter are already working to help “level the playing field” for developing nations through improved educational opportunities. Deanna Tryon made this observation recently at the United Nations Headquarters …

BY ANGELA ATABO The Citizens Advocacy for Social and Economic Rights (CASER) has called for the review of the process of registration of political parties to curb abuse of the political system.          The Executive Director, CASER, Mr. Frank Tietie, in an interview with the News Agency of Nigeria (NAN) …

Anti-riot policemen and an Armoured Personal Carrier have been stationed to restore peace at Ojota Motor Park in Lagos following bloody clash by transport union members on the evening of Thursday December 27, 2018.            Sources told the News Agency of Nigeria (NAN) that a suspended factional leader of a …

A fuel-laden tanker Friday December 28, 2018 exploded at the Oshodi-Apapa Expressway, opposite Biogas Industries, Lagos state.        According to an eyewitness, the 4000-litre tanker filled with diesel was heading towards the Mile 2 area of Lagos before it got flamed up.        Consequently, the accident has caused gridlock within …