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Wednesday, 25 January 2023 05:33

35 items in the 1999 Constitution have been successfully amended and sent to Buhari for assent. These are the new amendments

Senate has transmitted 35 of the 44 Constitution amendment bills to President Muhammadu Buhari for assent. The lawmakers, on Tuesday, directed the Clerk to the National Assembly to transmit the 35 bills – that have so far met the requirement of the provision of Section 9(2) of the Constitution – to the president for assent. The 35 bills have been considered by 27 State Houses of Assembly (SHA) and approved by at least 24 state assemblies as required by law. The state assemblies, however, failed to vote on the two bills that seek financial and legislative autonomy for local governments.…

Wednesday, 25 January 2023 05:32

CBN hikes benchmark lending rate further to curb inflation

Central Bank of Nigeria on Tuesday raised its benchmark lending rate by 100 basis points (bps) to 17.5%, as monetary authorities seek to rein in inflation without choking off lending to the private sector. Nigerians will head to the polls on Feb. 25 to choose a successor to President Muhammadu Buhari and the state of the economy is a major issue for voters grappling with double-digit inflation. CBN’s decision came after inflation dipped for the first time in 11 months in December to 21.34%, compared with 21.47% in November. But CBN Governor Godwin Emefiele said members of the monetary policy…

Wednesday, 25 January 2023 05:31

N370bn, not N89trn, collected as stamp duty in 6 years - Emefiele

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the total revenue collected as stamp duty between 2016 and 2022 is N370.7 billion. Last month, Gudaji Kazaure, member of the house of representatives on mismanagement or embezzlement of stamp duty funds, raised alarm over attempts by government officials to “cover-up” stamp duty proceeds running into N89 trillion. Kazaure alleged that the CBN, the office of the secretary to the government of the federation (OSGF), and the protocol department of the state house, conspired to prevent him from briefing President Muhammadu Buhari on the findings of his investigation concerning…

Wednesday, 25 January 2023 05:29

Buhari appoints another ex-IGP as Police Service Commission Chairman

President Muhammadu Buhari has appointed Solomon Arase, a former Inspector-General of Police (IGP), as Chairman of Police Service Commission (PSC). The appointment is subject to the confirmation of the senate. In a letter at plenary on Tuesday, Senate President Ahmad Lawan based his request on Sections 153 (1) and 154 (1) of the constitution as amended. If confirmed, Arase will succeed Musiliu Smith, also a former IGP. Smith resigned under controversial circumstances last year. Clara Ogunbiyi, a retired judge, stepped into the office in acting capacity after the resignation of Smith. Arase was appointed IGP in 2015 by former President…

Wednesday, 25 January 2023 05:28

Buhari commissions Lagos metro railway

President Muhammadu Buhari commissioned the 13-kilometre metro line first phase of the Lagos Blue Rail Line (Marina-Mile 2) on Tuesday. The Blue Line is expected to be 27 kilometre long, connecting Okokomaiko to Marina. Buhari, who was on a two-day visit to Lagos, had commissioned the rice mill and Lekki Deep Sea Port on the first day of the visit on Monday. The president was accompanied to the event at Marina Train Station, in the Outer Marina area of the state, by the state governor, Babajide Sanwo-Olu, Minister of information, Lai Muhammed; the Chinese ambassador to Nigeria, Cui Jianchun and…

Wednesday, 25 January 2023 05:27

There’ll be early onset of rainfall, more flooding in Nigeria this year, NiMET warns

The 2023 Seasonal Rainfall Prediction (SRP) released, yesterday, by the Nigeria Meteorological Agency (NIMET) warned Nigerians to prepare for earlier than normal onset of rainfall in most parts of the country. The prediction shows that the earliest onset will likely occur on or around March 2 in the coastal zone of the south-south states of Bayelsa, Rivers and Akwa Ibom, while onset of rainfall in the inland cities of the south will likely be in April. Onset of rainfall in the central states is likely to be in May. The agency predicted that Kastina, Zamfara, Kano, Jigawa, Yobe, Cross River,…

Wednesday, 25 January 2023 05:24

What to know after Day 331 of Russia-Ukraine war

WESTERN PERSPECTIVE U.S., Germany poised to send tanks to Ukraine, answering Kyiv's pleas The United States was expected to announce as soon as Wednesday that it will send heavy tanks to Ukraine, and Germany has decided to do the same, sources said, a reversal that Kyiv has said would reshape its war with Russia. Hours before Ukrainian President Volodymyr Zelenskiy turned 45 on Wednesday, he pressed allies to move forward with providing his forces with more than five to 15 modern tanks. "Discussions must be concluded with decisions," Zelenskiy said in his nightly video address. "Decisions on real strengthening of…

Tuesday, 24 January 2023 05:43

FIRS breaks own record, collected N10.1trn tax revenue in 2022

Federal Inland Revenue Service (FIRS) has announced that it collected over N10 trillion in tax revenue in 2022, the highest tax collection ever recorded in its history. The Service made this known in its “FIRS 2022 Performance Update,” report signed by its Chairman, Muhammad Nami, and released to the public on Monday, after his briefing with President Muhammadu Buhari. “The FIRS, in 2022 collected a total of N10.1 trillion in both oil (N4.09 trillion) and non-oil (N5.96 trillion) revenues as against a target of N10.44 trillion. “Companies Income Tax contributed N2.83 trillion; Value Added Tax N2.51 trillion; Electronic Money Transfer…

Tuesday, 24 January 2023 05:40

FG re-introduces Covid rule for travellers arriving Nigeria

Federal government says all travellers arriving Nigeria must now provide evidence of Covid vaccination. Geoffrey Okatubo, director of port health services, said this on Monday during a media briefing at the ministry of health in Abuja. In December 2022, the federal government had relaxed Covid rules in the country. The federal government had also said pre-departure and post-arrival PCR test requirements for all persons who were not fully vaccinated had been suspended, adding that passengers would no longer be required to upload evidence of vaccination on the Nigeria International Travel Portal (NITP). Speaking on Monday, Okatubo said port health services…

Tuesday, 24 January 2023 05:39

Buhari commissions billion-dollar Lekki deep seaport

Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country's ports and help it become an African hub for transshipment, handling cargoes in transit for other destinations. President Muhammadu Buhari has made building infrastructure a key pillar of his government's economic policy, and hopes that this will help his ruling party win votes during next month's presidential election. The new Lekki Deep Sea Port is 75% owned by the China Harbour Engineering Company and Tolaram group, with the balance shared between the Lagos state government and the Nigerian Ports Authority.…

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Tuesday, 24 January 2023 05:37

Flights resume at Lagos airport as NAHCO workers suspend strike

Nigerian Aviation Handling Company Plc (NAHCO) staff members have suspended their industrial action embarked on in a bid to demand for salary increases. The aviation workers, under the aegis of the national union of air transport employees (NUATE) and air transport services senior staff association of Nigeria (ATSSSAN), said the management of NAHCO had commenced negotiations with its workers. Frances Akinjole, deputy general secretary, ATSSSAN, disclosed this to journalists on Monday. “It has been suspended, and they have agreed to commence negotiation on the salary issue with us,” Akinjole said, giving updates on the strike. Flights at the Murtala Mohammed…

Tuesday, 24 January 2023 05:36

Doomsday Clock co-chair: Risk of escalation to nuclear war 'is real'

How long do we have before humanity destroys itself? We will soon find out, as scientists from the Bulletin of the Atomic Scientists are set to unveil the 2023 Doomsday Clock on Tuesday (today). The Doomsday Clock is a visual representation of how close mankind is to self-annihilation, where midnight represents the eruption of a total global catastrophe. The clock is updated every year by members of the Bulletin's Science and Security Board to reflect whether the events of the past 12 months have pushed humanity closer or further away from destruction. Since 2020, the Doomsday Clock has sat at…

Tuesday, 24 January 2023 05:35

What to know after Day 330 of Russia-Ukraine war

WESTERN PERSPECTIVE Ukraine pledges sweeping personnel changes as allies jostle over tanks Ukrainian President Volodymyr Zelenskiy said personnel changes were being carried out at senior and lower levels, a move that follows the most high-profile graft allegations since Russia's invasion nearly a year ago. Ukraine has a long history of corruption and shaky governance. On Sunday, anti-corruption police said they had detained the deputy infrastructure minister on suspicion of receiving a $400,000 kickback over the import of generators last September, an allegation the minister denies. Separately, a newspaper investigation accused the Defence Ministry of overpaying suppliers for soldiers' food. The…

Monday, 23 January 2023 05:55

Fuel scarcity worsens nationwide. Marketers explain why the situation won’t return to normal any time soon

There are strong indications that the current fuel crisis across the country may worsen in the days ahead with the introduction of a N16 per liter lithering charge. Daily Sun investigation found. The hike in lithering charge has forced some filling stations, especially those operated by independent marketers, to raise pump price to between N270 and N300 per litre. Major Oil Marketers Association of Nigeria (MOMAN) had said the delay in implementation of the Petroleum Industry Act(PIA) was slowing down new investments and subsidy removal. The Federal Government had last year shifted the removal of subsidy till June this year,…

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