Author: Npo_report

The Senate has approved President Bola Tinubu’s request on the 2022-2024 external borrowing rolling plan of 7.4 billion dollars and 100 million euros. This followed the adoption of report of the Senate Committee on Local and Foreign Debt at plenary. Presenting the report, Sen. Haruna Manu, the Vice Chairman of the Committee, said the committee noted with utmost importance, the genuine and very serious concerns of Nigerians about the level and sustainability, serviceability of the nation’s borrowing activities in the last decade. He said the debt service figures constitute a huge drain on the nation’s revenue to the extent that…

The Nigerian Investment Promotion Commission (NIPC) said it had granted three years tax exemption to 34 companies in 2023. Mrs Lovina Kayode, Head of Incentives Administration, NIPC, told newsmen in Abuja that the exemption was to promote the company’s investments drive towards developing the nation’s economy. “This tax exemption known as Pioneer Status Incentives (PSI) is executed under the Investors Relations Department of the NIPC and allows a company three years of not paying Corporate Income Tax,” she said. According to her, not all companies are granted incentives owing to the stringent procedures followed by the commission on waiver awards.…

Two persons have lost their lives in a fuel-laden tanker explosion on Abakaliki–Onueke-Afikpo Expressway in Ebonyi. Mr Igwe Nnabuife, Sector Commander, Federal Road Safety Corps (FRSC) in the state, confirmed the incident to the News Agency of Nigeria (NAN) on Saturday, in Abakaliki. Nnabuife said that the truck, which was carrying Premium Motor Spirit (PMS), known as petrol, caught fire on Friday around 8: 20p.m., at the airport junction axis of the highway. “One vehicle was involved. We have not been able to identify the registration number because the vehicle was burnt beyond recognition. “On fatality, two persons were killed…

The Senate has passed the N28.7trillion 2024 Appropriation Bill, increasing the budget from the N27.5trillion presented by President Bola Tinubu with about N1.2 trillion. The passage of the bill, followed the approval of report of the Senate Committee on Appropriation at plenary on Saturday. Presenting the report the committee chairman, Sen.Solomon Adeola, said that the Committee adopted the Medium Term Expenditure Framework and Fiscal Paper (MTEF/FSP) approved by National Assembly in preparing the budget. He said the committee adopted the 77.96 dollar per barrel oil benchmark 1.78mbpd and 800 dollar exchange rate to naira as against 750 dollars proposed by…

By Halimah Olamide A former aide to former President Goodluck Jonathan Reno Omokri has described as insensitive President Bola Tinubu’s outings in Lagos against the background of the mood of the country. Omokri, who in recent times, has applauded many of the steps and policies of the President, expressed worry that with the recent massacre in Plateau state, the President ought to have shown more restraints in his public engagements. In a tweet via his verified X handle, Omokri said when Tinubu does well, he will commend him and wherever he shows less of leadership, he will be quick to…

Manchester United goalkeeper Andre Onana, Liverpool forward Mohamed Salah and Tottenham forward Son Heung-min are among those who are set to be in action at the Afcon and Asian Cup. The Africa Cup of Nations and the Asian Cup both begin in January and it will mean dozens of stars from the Premier League travelling to participate. Afcon runs from 13 January to 11 February in Ivory Coast and the Asian Cup is in Qatar from 12 January to 10 February. Although the tournaments coincide with winter breaks across some European leagues, Premier League clubs will face a number of…

The Police Command in Oyo State has arrested four suspected gunrunners and 34 others for alleged armed robbery, kidnapping, car snatching and land grabbing. The Command’s Public Relations Officer, SP Adewale Osifeso, made this known while parading the suspects on behalf of the state Commissioner of Police Adebola Hamzat, at the command’s headquarters, Eleyele, Ibadan, on Friday. Osifeso said that items recovered from the suspects included six vehicles, 60 ammunition, nine firearms, six cell phones, three cutlasses, two motorcycles, a power generator and charms. Osifeso said that credible information about the suspected gunrunners was received by the Command’s Monitoring Unit…

The Police Command in Oyo State arrested no fewer than 207 armed robbery suspects and recovered 50 vehicles from January to December. The Police Public Relations Officer (PPRO) in the state, SP Adewale Osifeso, made the disclosure while briefing newsmen at the command’s headquarters, Eleyele, Ibadan. on Friday. Osifeso further said that 46 motorcycles and tricycles, 108 firearms and 721 rounds of various calibers of ammunition were retrieved from suspected criminals during the period under review. The spokesman said that the state Commissioner of Police, Mr Adebola Hamzat, had ordered all area commanders, divisional police officers and some others to…

Safiu Kehinde The Building Collapse Prevention Guild (BCPG) has appealed to President Bola Tinubu to stop another proposed increase in the prices of cement in January 2024. The Guild said this is to protect the building sector from substandard constructions which lead to collapse of structures. BCPG, in a statement, said the hike would lead to substandard construction, with increase in building collapse in the nation. The statement was signed by the National President, Sulaimon Yusuf and the General Secretary, Mrs Adenike Ayanda. The Guild urged Tinubu to prioritise safety of Nigerians to prevail on cement manufacturers against the decision.…

David Orji The police command in Imo, have confirmed the death of eight members of a family in an auto crash at the Amanwozuzu junction, Ikeduru Local Government Area (LGA) of Imo. The Divisional Police Officer (DPO) in charge of the Ikeduru LGA, Lucky Ahiole, confirmed the development to newsmen in Owerri, on Friday. Ahiole said that the accident which occurred at about 3.00p.m. on Friday resulted in the death of all eight persons in a Sienna car conveying the family. He said the Sienna vehicle collided with a stationary truck carrying rods, resulting in the death of the victims.…