The federal government said on Sunday that its plan to introduce luxury tax in the country has been delayed because of some legal protocols required to be met before the take-off of the policy. The Minister of Finance, Kemi Adeosun, told journalists at the end of the annual meetings of…

As alternative energy fuels continue to attract more investors across the world, oil prices are poised to crash to just $10 per barrel, an expert has said. In an interview with CNBC on Friday, Chris Watling, chief executive of Longview Economics, said the crash may be experienced over the next…

There were smiles on the faces of Governor Akinwunmi Ambode and the two men who sat on both sides inside the Lagos House, Ikeja, as cameras' clicked while the governor signed the Lagos State government's N813 billion Appropriation Bill for 2017 into Law. Flanked by Akinyemi Ashade, the Commissioner for…

The Olubadan of Ibadanland, Saliu Adetunji, on Thursday said there was no basis for the threat of deposition being issued by Oyo State Governor, Abiola Ajimobi. The monarch said he committed no crime that could make Mr. Ajimobi choose to depose him. The Ibadan monarch said this during the visit of the…

Intels Nigeria Limited, INL, on Wednesday kicked against the termination of its Pilotage Agency Agreement by the Nigerian Ports Authority, NPA. In its reaction on Wednesday, the company described the action as “preposterous” and highly injurious to Nigeria. The company was reacting to decision of the NPA to terminate the…

Diamond Bank, the current employer of newly appointed Deputy Governor of the Central Bank of Nigeria, Aishah Ahmad, has given a dodgy response when asked by this newspaper to respond to widespread claims that Ms. Ahmad was promoted executive director on the same day she was appointed to the top…

The Federal Airports Authority of Nigeria, FAAN and the Lagos State Emergency Management Agency, LASEMA, have signed a Memorandum of Understanding, MOU to enable the emergency agency have access to difficult terrains within five nautical miles of airports in case of emergency. Speaking before signing the MOU for FAAN, the…

Some beneficiaries of the scholarship scheme put in place by the Nigerian government through the Niger Delta Development Commission, NDDC, have alleged that the commission has abandoned them. In several chats with PREMIUM TIMES, the scholars who craved anonymity, said they had been subjected to unfair and inhuman treatment by…

The Federal High Court, Lagos Division, has awarded N85.5 million as damages against the Nigerian Army for the assault and killing of one Olajide Enilari, a flour merchant. The judgement came eight years after the deceased, Mr. Enilari, died from a brutal assault by soldiers in 2009 and the case…

The Muslim Students' Society of Nigeria, MSSN, Lagos State Area Unit, has called on the federal government to institute a gratifying teacher-specific allowance, GTSA, to appreciate the contributions rendered by teachers nationwide. The Amir, MSSN Lagos, Saheed Ashafa, said this in a statement issued in Lagos on Thursday on the…

The Food and Agriculture Organization, FAO, on Thursday said global food prices rose slightly in September as firmer prices of vegetable oils and dairy products offset declining prices for staple cereal grains. According to the UN body, the increases outpaced inflation in many countries of the world. The FAO, in…

The Federal Airports Authority of Nigeria has commissioned a car park for use at the Murtala Muhammed Airport, Lagos. The six level, 1,300-capacity car park was built in partnership with Seymour Aviation Limited in a 30-year Built Operate and Transfer (BOT) arrangement. At the commissioning ceremony held in Lagos, the…

The Central Bank of Nigeria on Thursday denied that one of its directors had been arrested by the Economic and Financial Crimes Commission, EFCC. A statement issued by Isaac Okorafor, CBN’s acting Director, Corporate Communications, said that the report had no merit and urged members of the public to disregard…

Several members of aviation unions on Thursday morning stormed the domestic wing of the Murtala Muhammed International Airport, Lagos. The union members, who had earlier threatened to picket some airlines, arrived the airport at about 8:05 a.m. The workers were seen chanting solidarity songs in demand for their rights. In…

Fake news and its negative effects on journalism practice were the focus of panelists at a journalism workshop organised by PriceWatersCooper, PWC, in Lagos on Tuesday. The one day workshop had as participants, journalists across both traditional and new media platforms The highlight of the workshop was a panel session…

After failed attempts to cross over to Europe from Libya, about 138 Nigerians on Tuesday returned to the country. The returnees were flown back to the country with the help of the International Organisation for Migration, IOM. The returnees, our correspondent gathered, were received by the officials of the National…

The Dangote Group has said that it will not benefit from a 10-year tax waiver reportedly granted it by the Nigerian government. Speaking in Lagos on Monday, the Group Executive Director, Strategy, Portfolio Development and Capital Projects, Dangote Industries Limited, Devakumar Edwin, said the company has never benefited from any…

The Oyo State Governor, Abiola Ajimobi, has pardoned 21 convicts on the occasion of Nigeria’s 57th independence anniversary celebrations. A statement issued in Ibadan on Saturday by the Special Adviser on Communication and Strategy, Yomi Layinka, said the development was in exercise of the governor’s power of prerogative of mercy.…

The Office of Secretary to Government of the Federation, SGF, and some stakeholders have opposed the proposed exemption of para-military organisations from the contributory pension scheme. The OSGF made its position known at the public hearing organised by the House of Representatives Committee on Pension on a Bill to exclude…

Criticisms have continued to trail the statue of the late premier of old western region, Obafemi Awolowo, unveiled recently by the Lagos State government. The Lagos State Governor, Akinwunmi Ambode, had on Tuesday unveiled the statue, saying Mr. Awolowo's works would remain the standard by which progressive governance in the…

A Lagos-based lawyer, Femi Falana, on Thursday called on the Christian Association of Nigeria, CAN, to "Christianise" Nigeria. Mr. Falana spoke at the strategic dialogue  roundtable organised by the Social Economic Rights and Accountability, SERAP, held in Lagos. The lawyer was reacting to the controversy surrounding the N100 billion Sukuk…

A labour leader has advised all stakeholders on pension matters to reject the proposed bill seeking to exclude selected members of Nigeria security, para-military and other related institutions from the Contributory Pension Scheme. In a statement issued in Kaduna, Issa Aremu, the Chairman of the Interim Management Committee of the…

A former governor of Oyo State, Rashidi Ladoja, says the yet-to-be-identified gunmen that stormed the palace of the Olubadan of Ibadan land, Saliu Adetunji, on Monday came to assassinate him. Mr. Ladoja, the Osi Olubadan of Ibadan land, said he was only lucky to have escaped the attack. In a…

The Oyo State Governor, Abiola Ajimobi, on Wednesday said that he had no plans of deposing the Olubadan of Ibadanland, Saliu Adetunji. A statement by the governor's media aide, Yomi Layinka, said Mr. Ajimobi would not depose the monarch no matter the level of provocation and opposition to the recent…

The Nigerian Stock Exchange, NSE in partnership with Thomson Reuters and other capital market participants, is set to host the second edition of the NSE Market Data Workshop. The event is scheduled to hold on October 4 at The Civic Centre, Victoria Island, Lagos. The workshop themed “Market Data: The…