• Naijacentral Naijacentral
• October 2, 2024
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FG introduces new tax rules to boost manufacturing sector

These exemptions aim to ensure that tax policies do not stifle business activities, particularly in critical sectors such as telecommunications, energy, and manufacturing.

The regulations are set to come into effect on January 1, 2025, but provisions allow for early application from July 1, 2024, in some cases. The Federal Inland Revenue Service will issue further guidelines to ensure smooth implementation, subject to the approval of the Finance Ministry.

The Deduction of Tax at Source (Withholding) Regulations, 2024, reflect the government’s ongoing efforts to modernise Nigeria’s tax system, reduce inefficiencies, and encourage compliance across various sectors.

• Naijacentral Naijacentral
• October 1, 2024
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Full Text of President Tinubu’s speech on Nigeria’s 64th Independence Anniversary

Our energy transition programme is on course. We are expanding the adoption of the Presidential Initiative on Compressed Natural Gas for mass transit with private sector players. The Federal Government is ready to assist the thirty-six States and FCT in acquiring CNG buses for cheaper public transportation.

Fellow Nigerians, while we are working to stabilise the economy and secure the country, we also seek to foster national unity and build social harmony and cohesion. Our economy can only thrive when there is peace.

As we work to overcome the challenges of the day, we remain mindful of the next generation as we seek to galvanize their creative energy towards a better future. We lead today with the future we wish to bequeath to our children in focus, recognizing that we cannot design a future that belongs to them without making them its architects.

Considering this, I am pleased to announce the gathering of a National Youth Conference. This conference will be a platform to address the diverse challenges and opportunities confronting our young people, who constitute more than 60 per cent of our population. It will provoke meaningful dialogue and empower our young people to participate actively in nation-building. By ensuring that their voices are heard in shaping the policies that impact their lives, we are creating a pathway for a brighter tomorrow.

The 30-day Confab will unite young people nationwide to collaboratively develop solutions to issues such as education, employment, innovation, security, and social justice. The modalities of this Confab and selection of delegates will be designed in close consultation with our young people through their representatives. Through this confab, it will be our job as leaders to ensure that their aspirations are at the heart of the conference’s deliberations. The government will thoroughly consider and implement the recommendations and outcomes from this forum as we remain resolute in our mission to build a more inclusive, prosperous, and united Nigeria.

• Naijacentral Naijacentral
• October 1, 2024
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Nigeria@64: We’re winning war against terrorism, says Tinubu

He reaffirmed that his administration is committed to free enterprise, free entry, and free exit in investments while maintaining the sanctity and efficacy of regulatory processes.

“This principle guides the divestment transactions in our upstream petroleum sector, where we are committed to changing the fortune positively. As such, the ExxonMobil Seplat divestment will receive ministerial approval in a matter of days, having been concluded by the regulator, NUPRC, in line with the Petroleum Industry Act, PIA.

“This was done in the same manner as other qualified divestments approved in the sector.

“The move will create vibrancy and increase oil and gas production, positively impacting our economy,” he averred.

• Naijacentral Naijacentral
• September 30, 2024
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Money laundering charges against Bobrisky dropped legally — EFCC

The prosecutor dismissed claims of financial inducement in dropping charges maintaining that no such thing happened. “There is simply no basis for that.”

She said, “The Administration of Criminal Justice Act, ACJA, allows amendment of charges. It is a professional practice. It is laughable for anyone to attribute our decision to monetary issues. Why did we write to SCUML if we didn’t want to include the charges? We wrote to be lawfully guided and when the Unit responded that the firm had not breached any law, on what basis should we have retained the money laundering charges?”.

• Naijacentral Naijacentral
• September 30, 2024
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Absence of Bobrisky: We’ll invoke our powers to arrest you – Reps threaten VerydarkMan

According to Verydarkman, his refusal to speak is based on the fact that Bobrisky was not present at the probe.

• Naijacentral Naijacentral
• September 30, 2024
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Gov. Mbah charges newly sworn-in chairmen to operate from their council areas

He further tasked them on peace and security of the council areas, noting that no meaningful development or business thrives in an insecure environment.

• Naijacentral Naijacentral
• September 29, 2024
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Nigeria, ECOWAS to address food, security challenges

Ekpa Francis from the Office of the Secretary to the Government of the Federation (OSGF) said that the OSGF supports the upcoming festival because it promotes peace and development in the country.

“The Director-General of the ECOWAS Food and Cultural Festival has been welcomed by the OSGF, having outlined the festival’s significance for ECOWAS and the country.

“The Secretary to the Government of the Federation (SGF), Senator George Akume, is known for his attentiveness and has recognised the value of this programme for Nigeria,” Francis said.

“The SGF has resolved that, as the festival focuses on peace and development, which aligns with Mr President’s Renewed Hope Agenda, it is a welcome initiative.”

• Naijacentral Naijacentral
• September 29, 2024
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Employee behaviour worsens amid economic hardship

Constant financial stress can lead to anxiety, depression, and burnout, especially for those living from hand to mouth. High stress can show up as irritability, frustration, and a lack of focus, making it hard for employees to be productive or make good decisions.

“This strain also affects relationships at work, with more conflicts and misunderstandings. Some employees may even turn to unhealthy coping habits, like drinking or substance abuse, which only makes the situation worse. The workplace can become a tense environment, where stress and pressure are constantly felt.”

• Naijacentral Naijacentral
• September 28, 2024
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October 1 Protest: Police assure Katsina protesters of safety

Sadiq said, “We have taken proactive measures to ensure public safety and security. Adequate personnel have been deployed to prevent any breakdown of law and order, with enhanced intelligence gathering, surveillance, and patrols across the state.

“While we recognise the rights of citizens to protest, we urge protesters to exercise these rights responsibly and within the framework of the law.”

• Naijacentral Naijacentral
• September 28, 2024
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50-year-old man defiles four-year-old girl in Delta

My mother told me to go to the police at Ubulu-Uku. I went and I was told to go to the hospital for a medical test. She said he is the one,” the woman alleged.

When contacted, the Police Public Relations Officer SP Edafe Bright on Saturday, confirmed the situation and the arrest of the suspect.

He said, “Yes, it is confirmed.”