Windfall Tax
2 Sep
In recent years, Nigerian banks have reported substantial profit growth, driven by various factors including high interest rates and a booming loan market.
30 Aug
Renowned Economist and Managing Director/Chief Executive Officer of Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane, hasthrown his weight behind the Windfall Tax on financial institutions by the Federal Government, describing the policy as a win-win situation, and one aimed at fostering social good and entrenching equitable distribution of resources for Nigerians. Windfall taxes are…
21 Aug
In the complex tapestry of Nigeria's economic landscape, the banking sector stands as a beacon of stability and profitability. Despite economic headwinds, Nigerian banks have consistently recorded substantial profits, even during periods of economic downturns, N1.07 trillion in 2022. This resilience, while commendable, has sparked discussions about the role these financial giants should play…
Latest
9 mins ago
Deputy Speaker of the House of Representatives, Benjamin Okezie Kalu, has welcomed over 3,000 new members from different political parties to the All Progressives Congress (APC) in Abia State. Some of the decampees included the former Deputy Speaker of the Abia State House of Assembly and former member of the House of Representatives, Hon. Emeka…
15 mins ago
A 21-year-old graduate of the University of Calabar Glory Tete Ephraim has emerged as the winner of the second edition of the Queen of Humanity Beauty Pageant in Calabar, Cross River State In a keenly contested competition spearheaded by the wife of the Governor of Cross River State, Bishop Mrs. Eyoanwan Otu, Glory Ephraim defeated…
16 mins ago
Sokoto State Governor Ahmed Aliyu has assented to the 2025 Appropriation Bill, promising to deliver more dividends of democracy to the people of the state. Aliyu, who described the 2024 budget implementation as a success story, reiterated his administration's determination to continue to execute people-orientated projects already started. "In the outgoing year, we succeeded in…
24 mins ago
The National Sports Commission (NSC) applauded the Super Eagles B team for securing their place in the 8th African Nations Championship (CHAN) after a convincing 3-1 victory over the Black Galaxies of Ghana at the Godswill Akpabio International Stadium in Uyo. The Director-General of NSC, Hon. Bukola Olopade, who witnessed the thrilling encounter, expressed his…
32 mins ago
Enyimba have decided to sack head coach, Yemi Olarenwaju popularly known as Yewa with the Nigerian Premier Football League (NPFL) replacing him with Stanley Eguma on Saturday. They confirmed the sack of Yewa in a statement on their official X account, a development which was highly expected following the current dreadful run of the Aba…
1 hour ago
The Police Command in Kwara says it rescued 13 kidnap victims in a swift and coordinated operation in the state. The command’s Public Relations Officer, DSP Toun Ejire-Adeyemi, said this in a statement on Saturday in Ilorin. According to Ejire-Adeyemi, the achievement demonstrates the command’s commitment to ensuring the safety and security of residents in…
2 hours ago
Popular Nollywood actresses Toyin Abraham and Mercy Aigbe have expressed frustration over reports of some cinemas not showing their latest movies. The actresses took to social media to voice their concerns, urging cinema operators to be fair in scheduling and to ensure equal opportunities for all filmmakers. Mercy Aigbe, in a post on Instagram today,…
2 hours ago
The Lagos State Emergency Management Agency (LASEMA) said it had rescued occupants from a fire that gutted the 11th floor of the Ultimate Apartment in Ikoyi. The agency’s Permanent Secretary, Dr Olufemi Oke-Osanyintolu, who made this known in a statement, said LASEMA received a distress call at 22.16 on Friday. “Following distress calls received through…
2 hours ago
The National Emergency Management Agency (NEMA) on Saturday distributed relief materials to victims of the flood disaster in Akwa Ibom. The News Agency of Nigeria (NAN) reports that the intervention is under the Federal Government Special Intervention for 2024 flood in Uyo, Ibesikpo, Uruan, Nsit Atai, Eastern Obolo, Ikot Abasi and Mkpat Enin Local Government…
3 hours ago
Traders in Masaka, Karu Local Government Area of Nasarawa State are counting their losses after a fire incident destroyed the market on Friday at about 10 p.m. In separate interviews with the News Agency of Nigeria (NAN) on Saturday, several traders expressed their devastation and recounted significant losses. Mr Ahmed Ayuba, a trader, was overwhelmed…