The Presidential Tax Committee says it has no objection to the new “equitable” sharing formula for Value Added Tax (VAT) as proposed by the state governors. This position was made known by the chairman of the presidential committee, Taiwo Oyedele, on Saturday. Speaking as a guest on The Platform, an event organized by The Covenant … Read more
The Nigeria Governors’ Forum (NGF) has expressed support for the proposed tax reform bills currently being deliberated at the National Assembly. The forum has also called for an “equitable” sharing formula for Value-Added Tax (VAT) to ensure fair distribution of resources among states. In a statement issued on Thursday, the NGF revealed that the decision … Read more
Nigeria’s inflation rate slightly increased in December 2024, rising to 34.8% from 34.6% in November. This increase was due to a surge in demand for goods and services during the festive period. The National Bureau of Statistics (NBS) made this disclosure in its Consumer Price Index (CPI) report for December 2024. Inflation Rate Up by … Read more
The Joint Task Force of the military in the North East, Operation Hadin Kai, has issued a ban on the use of unmanned aerial vehicles (UAVs), commonly known as drones, in the region. Henzodaily gathered that the directive, given by Air Commodore UU. Idris, Air Component Commander of Operation Hadin Kai, was prompted by growing … Read more
Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has been impeached. Henzodaily reports that TVC, in a post via X, disclosed that Obasa was impeached on Monday for gross misconduct and abuse of office. According to the report online, the lawmaker representing Apapa Constituency I in the Lagos House of Assembly, Hon. Moji … Read more
Henzodaily looks at the top happenings making headlines on the front pages of Nigeria’s national newspapers today Monday, 13th January 2025. The PUNCH: As the country battles incessant blackouts, about 250 manufacturers and academic institutions have abandoned their respective power distribution companies to generate their own electricity. The organisations, many of whom are bulk electricity … Read more
Tension is mounting within the camps of the Peoples Democratic Party (PDP) in Osun State and the opposition All Progressives Congress (APC) over rumors of Governor Ademola Adeleke’s alleged defection plans. Reports suggest that the governor, along with his close family and negotiators, is exploring the possibility of joining the APC to secure his position … Read more
The Peoples Democratic Party (PDP) faces a potential escalation of its internal crisis as two factional secretaries, Sunday Ude-Okoye and Samuel Anyanwu, plan to resume duties at the party’s National Headquarters, Wadata Plaza, Abuja, today. Both Ude-Okoye and Anyanwu confirmed their intentions to The PUNCH in separate interviews on Sunday. Henzodaily reports that the Court … Read more
The former presidential candidate of the Labour Party (LP) in the 2023 elections, Peter Obi, has reversed his statement condemning the federal government over an alleged National Grid collapse. Henzodaily reported that barely ten days into the new year, Nigeria’s national power grid reportedly experienced its first major collapse of 2025 on Saturday, allegedly plunging the … Read more
A former governor of Kano State, Ibrahim Shekarau, is spearheading efforts to forge an alliance between northern elites and southern political heavyweights ahead of the 2027 general elections. Sources who spoke with Punch revealed that former President Olusegun Obasanjo and former Head of State Yakubu Gowon are among those backing the initiative. Shekarau, a key … Read more