Presidential Committee urges Federal Government to Tax FX Transactions on Black Market

The federal government may consider the imposition of excise tax penalties on foreign exchange transactions done outside the official market window as part of the moves to discourage multiple exchange rates (black market) in the country. The move is one of the twenty recommendations put forward by the Presidential Fiscal Policy and Tax Reform Committee, […]

Supreme Court fixes October 26 for Judgement in Obi, Atiku Petitions

The Supreme Court has fixed judgment for Thursday, October 26, in the petitions filed by of the Labour Party and its presidential candidate, Peter Obi; and the Peoples Democratic Party (PDP) and its candidate, Atiku Abubakar challenging the election victory of President Bola Tinubu. The judgement date was confirmed by all parties involved. Recall that […]

Alade Market Sealed off, as Lagos State Government Continues Crackdown on Filthy Markets

The Lagos State Government has sealed off the popular Alade market in the Onigbongbo Local Council Area of Ikeja, over violation of environmental laws. The spokesman for the Ministry of Environment and Water Resources, Kunle Adeshina, disclosed this in a post on X (formerly Twitter). According to the post, the directive was issued by the […]