World News

Oct
20
2022
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By Thewhisperer
Naira Falls To N750 Against US Dollar

Naira Falls To N750 Against US Dollar

Business, News
The naira has suffered further depreciation at the parallel market, currently trading for N750 against the dollar, according to black market platform Aboki Forex. The current parallel market exchange rate was monitored by Peoples Gazette Thursday night. The online newspaper had reported in September that the naira hit a record high, trading at N719 against the dollar. Since then, the dollar has continued to rise, exchanging at a higher rate. In 2021, the apex bank prohibited the sale of foreign exchange to BDC operators in a bid to arrest the fast fall of the country’s currency. The apex bank had…
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Oct
20
2022
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By Thewhisperer
UK Prime Minister Liz Truss Resigns

UK Prime Minister Liz Truss Resigns

World News
Barely six weeks after emerging as the British Prime Minister, Liz Truss, has resigned from the position. Truss took over from Boris Johnson as UK PM on September 6, 2022. Her exit came amidst calls for resignation by over a dozen parliamentarians from her Conservative Party, citing nationwide economic challenges. “I recognise that given the situation I cannot deliver the mandate on which I was elected by the Conservative Party. I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party,” she said at a briefing. Truss’ resignation also…
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Sep
29
2022
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By Thewhisperer
Cause Of Queen Elizabeth’s Death Revealed

Cause Of Queen Elizabeth’s Death Revealed

World News
The cause of death of the former ruler of Britain, Queen Elizabeth II has been revealed. According to her death certificate, it was stated that the monarch died of old age. Queen Elizabeth II died, aged 96, at Balmoral surrounded by members of the royal family earlier this month. The document, published by National Records of Scotland on Thursday, records that the late monarch died at 3.10 pm on September 8 at Balmoral Castle in Ballater. The cause of death is listed as old age. The document is signed by the Princess Royal. News of Her Majesty’s death was announced…
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Sep
23
2022
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By Thewhisperer
80-Year-Old Equatorial Guinea Ruler To Run for Sixth Term

80-Year-Old Equatorial Guinea Ruler To Run for Sixth Term

World News
President Teodoro Obiang Nguema Mbasogo, who has ruled Equatorial Guinea with an iron fist for more than 43 years, will seek a sixth term in November, the vice president said Friday. Obiang, 80, is the longest ruling head of state in the world excluding monarchs but it was uncertain if he would stand again or whether his son would succeed him. It was his son, Vice President Teodoro Nguema Obiang Mangue, nicknamed “Teodorin”, who made the announcement. “Because of his charisma, his leadership, and his political experience”, the ruling party unanimously chose Obiang as its candidate for the November 20…
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Sep
22
2022
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By Thewhisperer
FIRS Cautions MDAs: Stop Contracting Tax Assessment, Collection, Enforcement To Consultants

FIRS Cautions MDAs: Stop Contracting Tax Assessment, Collection, Enforcement To Consultants

Business
The Federal Inland Revenue Service (FIRS) has cautioned Ministries, Departments and Agencies of Government (MDAs) against the appointment of consultants and concessionaires to collect taxes due to the Federal Government or any of its agencies, as the FIRS is the sole agency of government saddled with the responsibility of tax collection. In a Public Notice it issued Thursday, 22nd September, 2022, signed by its Executive Chairman, Muhammad Nami, the FIRS accused some MDAs of including functions of assessment, collection, accounting and enforcement of taxes and levies in their agreements with concessionaires and consultants. “It has come to the notice of…
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Sep
20
2022
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By Thewhisperer
FG to ban ‘ponmo’ to revive leather industry

FG to ban ‘ponmo’ to revive leather industry

Business, News
The federal government says it is proposing legislation to ban the consumption of animal skin, locally known as ponmo, in the country to revive tanneries. Muhammad Yakubu, director-general, Nigerian Institute of Leather and Science Technology (NILEST), Zaria, said this in Abuja on Sunday. Yakubu said the legislation was necessary to revive the comatose leather industry in the country. He said the habit of eating animal skin, which has no nutritional value, should be stopped to save the industry and boost the nation’s economy. The director-general added that the institute, in collaboration with stakeholders in the industry, would approach the national…
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Sep
14
2022
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By Thewhisperer
Road Infrastructure Tax Credit Scheme, One of the Greatest Innovations of FG, Says FIRS Boss, Nami

Road Infrastructure Tax Credit Scheme, One of the Greatest Innovations of FG, Says FIRS Boss, Nami

Business
The Road Infrastructure Tax Credit Scheme has been described by the Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami as one of the greatest innovations of the Federal government in its resolve to tackle Nigeria’s infrastructure deficit. The scheme which provides for public-private partnership intervention in the construction, refurbishment and maintenance of critical road infrastructure in the country with participants being entitled to Tax Credits against their future Companies Income Tax was the subject of debate at the Senate Stakeholder and Public Hearing on the 2023 Medium-Term Expenditure Framework (MTEF) and Fiscal Paper, which held yesterday at…
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Sep
08
2022
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By Thewhisperer
BREAKING: Queen Elizabeth II Dies At 96

BREAKING: Queen Elizabeth II Dies At 96

World News
Queen Elizabeth II, the longest-serving monarch in British history and an icon instantly recognisable to billions of people around the world has died aged 96, Buckingham Palace said on Thursday. Her eldest son, Charles, 73, succeeds as king immediately, according to centuries of protocol, beginning a new, less certain chapter for the royal family after the queen’s record-breaking 70-year reign. More to follow…
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Sep
05
2022
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By Thewhisperer
What the Education Tax is doing in Nigeria’s public tertiary institutions

What the Education Tax is doing in Nigeria’s public tertiary institutions

World News
Some of the most prevalent challenges confronting public tertiary institutions in Nigeria are funding, management problems, obsolete equipment, poor learning facilities and infrastructure. Chief among these that deals the worst blow is funding. Most of the public tertiary institutions in the country are grossly underfunded. When there were just a few tertiary institutions, Government took up the burden of funding the institutions solely but from the mid 1980’s, there was a massive increase in the number of public tertiary institutions and in students’ enrolment in Nigeria. This increase got to the point where Government openly acknowledged that it could no…
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Sep
05
2022
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By Thewhisperer
Supreme Court affirms Ruto’s victory as Kenyan president

Supreme Court affirms Ruto’s victory as Kenyan president

World News
Kenyan Supreme Court, on Monday morning, affirmed the victory of William Ruto in the country’s presidential election held last month. Ruto was declared the winner of the just concluded presidential election in the East African country. He polled 50.49 percent of the total votes cast (7,176,141) to defeat his closest rival, ex-Prime Minister Raila Odinga who polled 48.85 percent (6,942,930) of votes cast. Mr Ruto also achieved the minimum 25 percent of votes in 39 counties. However, Mr Odinga had rejected the results alleging irregularities, and went to court as a result. Four of the seven electoral commission members also…
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