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Abuja chamber welcomes FCT tax harmonisation
Abuja Chamber of Commerce and Industry (ACCI) has welcomed the plan by the Minister of the Federal Capital Territory (FCT), Alhaji Muhammad Bello to harmonise tax policies within the territory in order end multiple taxations on by businesses in the territory. The President of ACCI, Alhaji Abubakar, in a statement yesterday, commended the minister for acknowledging the challenges faced by businesses within the territory due to series of levies, charges and taxes from Federal, FCTA and Area Councils. “Multiple taxations within the FCT and the larger national economy has imposed crippling consequences on businesses. “The fallout has been many failed businesses, the rising level of inflation, the non-thriving of existing ones and the lack of capacity to engage many unemployed youths. “We want ...
Indonesian plane crashes after take-off with 62 aboard
A Sriwijaya Air plane crashed into the sea on Saturday minutes after taking off from Indonesia’s capital Jakarta. The plane was on a domestic flight with 62 people on board and their fate was not known. The Boeing 737-500, en route to Pontianak in West Kalimantan, disappeared from radar screens after taking off just after 2.30 p.m. (0730 GMT) – 30 minutes after the scheduled time because of heavy rain. Indonesian Transport Minister, Budi Karya, told a news conference that 62 people had been aboard Flight SJ 182, including 12 crew. The detik.com website quoted him as saying the plane crashed near Laki Island, some 20 kilometres (12 miles) from the airport. Rescue agency Basarnas said in a statement it would send a team to the Thousand Islands area to help in the search for victims “after th...
Ohanaeze election: Uche Okwukwu, Richard Ozobu risk contempt of court – Ikedi Ohakim
File Photo For asking the court to stop the Ohanaeze general election, former Governor of Imo State, Chief Ikedi Ohakim, has warned that Mr. Uche Okwukwu and Prince Richard Ozobu, risk being dragged to court for alleged contempt. In a court process filed before an Umuahia High Court, on Wednesday, Okwukwu, an embattled secretary-general of Ohanaeze is seeking an order of court stopping the election committee raised by the Ime-Obi led by Ohanaeze President-General, Chief John Nnia Nwodo from conducting the election. He wants the court to allow his election committee chaired by Prince Ozobu to conduct the election. Looking at the issue, Chief Ohakim, in a press statement, hinged his warning on “an online publication made by Uche Okwukwu, the suspended Secretary General of Ohanaeze”. His word...
NNPC seeks $1 billion funding to revive PHC refinery
The Nigerian National Petroleum Corporation, NNPC, is currently shopping for $1 billion to revamp Nigeria’s biggest refinery located in Port Harcourt, Rivers State. To realise its plans, the nation’s oil company is already in high-level discussion to raise the money via a prepayment deal with trading firms. If the financing is successful, the long overdue rehabilitation of the refinery should reduce Nigeria’s hefty fuel import bill. It would also mark Nigeria’s second oil-backed financing since the COVID-19 pandemic that has added to the difficulty of finding investors as fuel demand is sapped by lockdowns and renewable energy is gaining ground over fossil fuels. The money would be repaid over seven years through deliveries of Nigerian crude and products from the refinery once the refurbis...
TUC: Electricity tariff hike another betrayal of trust
File Photo The Trade Union Congress of Nigeria, TUC, has expressed disappointment over the latest hike in electricity tariff, describing is as a betrayal of trust. TUC, in a statement by its President and Secretary-General, Quadri Olaleye, and Musa-Lawal Ozigi, respectively, said: “We are disappointed by the recent hike in electricity tariff, while negotiations were ongoing with the Organised Labour on the last hike because of the untold hardship it has brought on the workers and Nigerians as a whole. “Sometimes we wonder why this government espouses unfriendly policies that are capable of crippling the economy. “There are many companies that have either closed shops or relocated to neighbouring countries because they cannot afford to pay the last tariff hike, yet this government has done ...
Pep Guardiola confident Kevin de Bruyne will commit future to Manchester City
Pep Guardiola expects Kevin De Bruyne to commit his long-term future to Manchester City despite reports the Belgium midfielder’s contract talks have stalled. De Bruyne’s current contract runs until 2023, but City have already offered him a new deal. That contract extension remains unsigned amid claims De Bruyne was “disappointed” City’s offer did not significantly improve his reported salary of £280,000 ($380,000) per week. De Bruyne, voted the PFA Player of the Year last season, is said to want a deal that reflects his status as one of the world’s best midfielders and vice-captain of the club. Despite those issues, City boss Guardiola remains confident De Bruyne’s future will be at the Etihad Stadium. “I am pretty sure he will stay but at the same time we have to respect the process,” Gua...
Scottish leader Nicola Sturgeon questions Celtic’s Dubai trip
Agence France-Presse Scottish First Minister Nicola Sturgeon has questioned Celtic’s decision to jet off for a mid-season training camp in Dubai as the country struggles with tough coronavirus restrictions. The Premiership club insisted on Monday that they had received Scottish government approval for the trip. However, Sturgeon indicated the go-ahead was given in November, before tougher Covid-19 measures were put in place. “The rules have been — and they may need to change given the changing nature of the pandemic — that elite sports can go overseas for training camps if that’s important in the context of their training for competitions,” Sturgeon said at a media briefing on Tuesday. “I’ve seen a comment from the club that said it’s more for R (rest) and R (relaxation) than it is for tra...
Police arrest two ‘armed robbers’ in Kano
The Police Command in Kano on Wednesday said it arrested two suspected armed robbers who specialised in terrorising residents of Yankaba and Badawa Quarters, Kano. The command’s Public Relations Officer, DSP Abdullahi Haruna, confirmed the arrest in a statement issued to newsmen in Kano. He said that the suspects were apprehended for being in possession of a Pump Action Rifle on Dec. 22 at about 10:30 p.m., by a team of Operation Puff Adder led by CSP Yunusa Danzomo, while on surveillance patrol at Badawa Quarters, Kano. “The suspects have been in the wanted list of the command as at Oct. 21. “During interrogation the suspects confessed to have participated in series of robberies along Hadejia Road by Sheshe Super Market, Yankaba Quarters and Badawa Quarters, Kano. “The second suspect also...
Report: Jack Ma’s Ant Group considers overhaul due to regulatory pressure
Chinese financial technology giant Ant Group plans reorganisation that would allow it to be regulated more like a bank, Bloomberg reports. Jack Ma’s besieged Ant Group Co. is planning to fold its financial operations into a holding company that could be regulated more like a bank, according to people familiar with the situation, potentially crippling the growth of its most-profitable units. The fintech giant is planning to move any unit that would require a financial license into the holding company, pending regulatory approval, said the people, who asked not be named because the matter is private. The plans are still under discussion and subject to change, the people said. Ant declined to comment. The operations that Ant is looking to fold into the holding company include wealth managemen...
Ghana’s opposition NDC to petition against election results this week
Ghana’s main opposition National Democratic Congress (NDC), which has been crying foul about the results of the 7 December presidential and parliamentary elections, says it is ready to contest the outcome in court. A member of the party’s legal team, Rockson Nelson Dafeamekpor, said on Saturday that the election petition against the results declared by the Electoral Commission (EC) will be filed by Wednesday. “We’ll go to court. We’ve made that clear… Certainly, by Wednesday, all these matters would be placed before the court,” Dafeamekpor was quoted by the local media as saying. Under the electoral laws, the aggrieved party has 21 days to file its petition at the court. This will be the second time in the Fourth Republic, which started in 1992, that the outcome of a presidential election ...
Expert: Excess alcohol intake injurious to health
A medical practitioner, Dr Akintunde Ogunfeyimi, has cautioned Nigerians against excessive intake of alcohol especially during the yuletide in order not to cause havoc to their health. Akintunde, the Chief Medical Director of Ondo State Specialist Hospital, Okitipupa, in Okitipupa on Thursday said that excessive alcohol consumption had diverse consequences. He said that people tend to take much alcohol especially during festivities in expression of their happiness and delight, but that such acts pose great health risks. “Series of diseases ranging from hypertension, kidney problem, liver problem, heart-related diseases, accidents and outright death can be the result of drinking too much alcohol and drinks with high alcohol content. “Alcohol can also affect the brains and the person will no...
Ayo Fayose: President Buhari must account for $1 billion taken from excess crude account
Former Governor of Ekiti State, Ayodele Fayose has queried President Muhammadu Buhari to account for the $1 billion withdrawn from the Excess Crude Account (ECA) to battle insecurity in the country. However, newsmen found that the call may be superfluous as government rendered an account on 22 July. Oblivious of this, Fayose, in series of tweets appeared to suggest that the money had been wasted, because of the rising killings and kidnappings being witnessed on daily basis. “Nigerians should recall that I took a stand openly against withdrawal of the $1bn,” he said. According to Fayose, 30 months after the $1bn was released, Nigerians, including soldiers and FG officials were complaining of no arms and ammunition to combat insecurity in the country. “When in December 2017, FG took $1bn fro...
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