Author: Adejuyigbe Francis

FG Proposes 25% Tax On High Earners In Nigeria. The Federal Government is considering a new tax proposal that could see Nigerians earning N100 million or more per month subject to a 25% income tax. This was revealed by Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, during his address at the 30th Nigeria Economic Summit in Abuja. Oyedele explained that the proposed tax bill aims to create a more balanced and efficient tax system in Nigeria. He highlighted that the overwhelming majority of current taxpayers, about 90%, should not be subject to further taxation,…

Governor Sanwo-Olu Launches Commercial Operations Of Lagos Red Line. The Governor of Lagos State, Babajide Sanwo-Olu, has officially announced the commencement of commercial operations for the Lagos Mass Rapid Transit (LMRT) Red Line. In a statement to the public, he revealed that passenger services will now run between Agbado and Oyingbo, marking a significant step in the state’s transportation agenda. Governor Sanwo-Olu emphasised that the Red Line is central to his administration’s vision of creating a seamlessly connected Lagos. “We’re on a mission to keep Lagos moving, and the Red Line is a key part of our vision to…

Sir Alex Ferguson’s Ambassadorial Contract With  Manchester United Cut By INEOS. In a significant development at Manchester United, Sir Alex Ferguson’s long-standing multi-million-pound ambassadorial contract has been terminated by INEOS. According to reports from Adam Crafton of The Athletic, the decision marks a notable change in Ferguson’s formal relationship with the club. While this move brings an end to his ambassadorial role, the legendary manager will continue to serve as a non-executive director at Manchester United. Ferguson, who managed the club for 26 years and secured numerous titles, remains a prominent figure in the Manchester United community. He is…

Dani Alves Resurfaces On Social Media Amid Ongoing Legal Battles. Former Barcelona and Brazil footballer Dani Alves, who remains out on conditional release pending the final verdict of his sexual assault case, has made a return to social media after a long absence. Alves is currently awaiting the outcome of appeals regarding his four-and-a-half-year prison sentence, along with additional penalties that include five years of supervised release, restrictions on communication and proximity to the victim, and compensation amounting to €150,000. These sanctions follow his conviction for sexual assault, which took place on the night of 30 December 2022, at the…

UK Government To Allow Afghan Special Forces Soldiers To Resettle After Previous Rejections. The British government has announced that some Afghan special forces soldiers, who fought alongside British troops, will be allowed to resettle in the UK after their initial applications were wrongfully rejected. These soldiers, known as the “Triples,” were part of elite units created, funded, and run by the UK. In a statement to the House of Commons, Armed Forces Minister Luke Pollard revealed that a recent review uncovered errors in the decision-making process that had led to the denial of resettlement for approximately 2,000 Afghans following…

Assassination Of Indian Politician Baba Siddique Shocks Mumbai. The assassination of prominent politician Baba Ziauddin Siddique in Mumbai has sparked national outrage and political tensions across India. Siddique, aged 66, was shot near his car on Saturday night while leaving his son’s office in the busy Bandra area. He was rushed to the hospital but tragically succumbed to his injuries. Siddique, a former Congress member and influential politician, was part of the coalition governing Maharashtra state. His murder has reignited fears of political violence reminiscent of the 1990s when Mumbai’s underworld frequently targeted politicians and film stars. Police…

Brazil Shuts Down 2,000 Betting Sites Amidst Debt Crisis. The Brazilian government has commenced the shutdown of over 2,000 betting websites, including several that sponsor major football clubs such as Corinthians, as part of a sweeping move to regulate the country’s online gambling industry. Finance Minister Fernando Haddad referred to the unregulated gambling landscape as a “betting pandemic,” with illegal betting platforms having operated freely since 2018. The new regulations, set to take effect in January, are designed to curb fraudulent activities and protect users, with a particular focus on banning minors from participating in online betting. The…

RC Lens And Norwich City Pursue Osayi-Samuel Amidst Fenerbahçe Contract Standoff. French Ligue 1 side RC Lens and Sky Bet Championship club Norwich City have expressed interest in signing Bright Osayi-Samuel, as the talented right-back remains locked in contract negotiations with his current club, Fenerbahçe. Osayi-Samuel, who has become a crucial figure in the Turkish Super Lig outfit, is seeking a salary increase in line with his growing importance to the team. However, Fenerbahçe are reportedly struggling to meet his demands, prompting speculation about his future at the club. With his contract situation unresolved, RC Lens and Norwich City…

EKEDC Announces Power Outage Due To National Grid System Collapse. The Eko Electricity Distribution Company (EKEDC) has informed customers of a power outage resulting from a system collapse at 18:48 hours. The incident has led to a widespread loss of power across the company’s network. In an official statement, EKEDC assured its customers that efforts are underway, in collaboration with its partners, to restore the grid as swiftly as possible. The company pledged to keep the public updated as soon as the power supply is restored. “We kindly ask for your patience and understanding during this time,” the statement…

Tinubu Urges CAF To Sanction Libya Over Super Eagles’ Maltreatment President Bola Tinubu has called on the Confederation of African Football (CAF) to investigate and take appropriate action against Libya following the alleged maltreatment of the Super Eagles of Nigeria at a Libyan airport. In a statement released by his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu expressed his dismay at the inhumane treatment endured by the national football team. The statement was issued shortly after the team’s return to Nigeria through Kano Airport on Monday. President Tinubu welcomed the Super Eagles home, stating that…

Banky W and Adesua Announce They Are Expecting Their Second Child. Nigerian actress Adesua Etomi-Wellington and her husband, singer and politician Banky W, have joyfully announced that they are expecting their second child. Adesua shared the news with her Instagram followers on Monday, accompanied by stunning photos from a maternity photoshoot. In one of the images, she is seen in a radiant orange dress with a hood, lovingly cradling her baby bump. Her caption read: “First, we had each other, then we had your brother, then God sent you and now? NOW, we have everything.” In response,…

GTBank Attributes Recent Service Disruptions To System Upgrade. Guaranty Trust Bank (GTBank) has linked its recent service disruptions to an ongoing upgrade of its Finacle Core Banking Application System, which commenced on Friday, 11th October 2024. The system migration, designed to enhance customer experience with improved technology, has unfortunately led to significant delays and service challenges. In a message to its customers, GTBank explained that the transition required the early closure of all branches nationwide on the 11th, with the expectation of reopening on Monday, 14th October at 9:00 a.m. However, due to unforeseen delays, the reopening has been…