Month: May 2024

317 people deported to Osun must be brought back to Lagos — Falana

Human rights activist, Femi Falana has demanded that the 317 people deported from Lagos State to Osun State must be relocated to Lagos. Falana made this demand in a statement made available to Vanguard on Thursday. Recall that last weekend, 317 Nigerian citizens of Osun State origin were rounded up in several parts of Lagos […]

Lagos unveils 10-minute building permit system for approvals

The Lagos State Government has introduced Electronic Physical Planning Permit System to allow building approval to be obtained in just 10 minutes. The Special Adviser, e-GIS and Urban. Development, Dr Olajide Babatunde, made the disclosure during a ministerial press briefing to mark the first year of the second term in office of Gov. Babajide Sanwo-Olu, […]

FG plans further VAT increase, new sharing formula

The presidential committee on fiscal policy and tax reforms says there is a need to increase the value-added tax (VAT) rate. Speaking at the policy exposure and impact assessment session organised by the committee, the committee chairman, Taiwo Oyedele, also disclosed that the VAT revenue-sharing formula would be reviewed. Oyedele added that the committee has proposed reviewing state […]

Cybersecurity levy adds burden on businesses, unjustifiable — LCCI

The Lagos Chamber of Commerce and Industry (LCCI) has said that the directive by the Central Bank of Nigeria (CBN) imposing a 0.5% cyber security levy on Nigerians will pose additional burdens on businesses and individuals, adding that the implementation of the levy is difficult to justify. Director General of LCCI, Dr Chinyere Almona, who stated this in […]

Bullying in schools: Stakeholders list ways out of malaise

Recently, the video of a bullying incident at Lead British International School, Abuja, went viral, which eventually drew the attention of the authorities and the shutting down of the school for a few days. In the video, the victim, identified as Maryam Hassan, was seen being hit repeatedly by another female student. Bullying is surely […]

CAC registration: Police to go after illegal PoS operators

The Federal Government has said mandatory registration of Point-of-Sales operators nationwide will reduce kidnapping and help security agencies arrest recipients of ransom payments from kidnap victims. It also vowed that security agencies would go after PoS operators who fail to comply with the directive to register with the Corporate Affairs Commission after July 7, 2024. […]

CAC Gives PoS Operators 2 Months To Register Agents

The Corporate Affairs Commission (CAC) has given Nigeria’s 1.9 million PoS agents a deadline of two months to onboard and register its agents and merchants with the commission as part of plans to improve transparency and reduce fraud in the financial space. Daily Trust reports that CAC announcement is coming on the heels of the […]

Naira crashes against dollar at official market

The Naira on Tuesday crashed at the official market, trading at N1,416.57 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N62.36. This represents a 4.60 percent loss when compared to the previous trading date […]

Dangerous side effect: Widely used COVID-19 vaccine withdrawn by producer

The Oxford-AstraZeneca COVID-19 vaccine is being withdrawn worldwide due to concerns over a rare and dangerous side effect. This development came months after the pharmaceutical giant admitted for the first time in court documents that the vaccine can cause a rare and dangerous side effect, The Telegraph reports. The company disclosed this in a statement […]

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