News
Nigerian Govt to audit N23trn Ways and Means debt
The Nigerian Government has made a decision to conduct an audit of the N23 trillion debt incurred through Ways and Means. This decision was announced by the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, during the ongoing Public Wealth Management Conference organized by the Ministry of Finance Incorporated. Edun stated that the Federal Government intends to present a bill to the National Assembly soon, aimed at eliminating “all taxes and levies that are burdensome” from the country’s tax system, as a step towards reducing future Ways and Means indebtedness.
The minister also emphasized the government’s commitment to implementing policies that will enable it to generate revenue in real time from Government Owned Enterprises and Corporate entities.
More details on this matter will be provided shortly.
News
We’ll be forced to export 97% of our petrol – Dangote Refinery warns
Dangote Refinery has announced that it will need to export 95-97 percent of its Premium Motor Spirit (petrol) due to low interest from Nigerian marketers. The refinery, which processes 650,000 barrels per day, revealed that only 3 to 5 percent of petrol marketers are purchasing its fuel.
Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, shared these details during an X Space session hosted by Nairametrics on Wednesday. He highlighted the challenges facing both the Dangote Refinery and Nigeria’s oil and gas sector.
Edwin explained, “I’m selling 2 to 3 percent to small traders who are willing to buy, while the remaining 95 to 97 percent has to be exported,” referring to the local sales of the refinery’s products.
This situation arises as the NNPCL’s deadline for adjusting the Dangote Refinery’s fuel distribution approaches without a clear plan in sight. It is worth noting that while Aliko Dangote, President of Dangote Group, has announced the refinery’s initial petrol rollout, its distribution to marketers is contingent upon NNPCL’s decisions.
News
FIFA U-20 Women’s World Cup: Round of 16 fixtures confirmed [Full list]
The final sixteen teams for the 2024 FIFA U-20 Women’s World Cup in Colombia have been determined following the conclusion of the group stage.
In recent matches, Ghana triumphed over New Zealand with a score of 3-1, and Japan secured a 2-0 victory against Austria.
As a result, Japan has advanced to the Round of 16, joining the other 15 teams in this knockout stage.
The Round of 16 matches are scheduled for Wednesday, Thursday, and Friday.
The full lineup for the Round of 16 is as follows:
- Spain vs Canada
- Brazil vs Cameroon
- Colombia vs South Korea
- Mexico vs USA
- North Korea vs Austria
- Germany vs Argentina
- Netherlands vs France
- Japan vs Nigeria
News
Nigerian Army debunks reported mass resignation of soldiers
The Nigerian Army has refuted claims of widespread resignations among its soldiers due to issues like corruption and low morale.
In a statement, Major General Onyema Nwachukwu, Director of Army Public Relations, dismissed these reports as unfounded.
A news outlet had alleged that numerous Nigerian soldiers were resigning because of corruption and low morale. However, the statement condemned these allegations as misleading and a deliberate attempt to create discontent and undermine the Nigerian Army’s reputation and the dedication of its personnel.
Major General Nwachukwu clarified that, similar to other military organizations worldwide, service in the Nigerian Army is voluntary rather than mandatory. This means that personnel have the freedom to resign following established procedures.
He explained that the resignation process allows personnel to prepare and manage their entitlements, including pensions and gratuities, as outlined in the Harmonized Terms and Conditions of Service (Officers/Soldiers).
Contrary to the report’s implications, the statement emphasized that Nigerian Army personnel are highly motivated, and their welfare is a priority under the leadership of Chief of Army Staff, Lieutenant General Taoreed Lagbaja.
-
World News11 months ago
What we know about Israel’s war with Hamas
-
Sports11 months ago
LaLiga: Everyone want to play with him – Vinicius on player Real Madrid should sign
-
World News11 months ago
Iran calls on Islamic, Arab countries to confront Israel
-
Tech11 months ago
Top 10 AI Skills to Learn in 2023
-
ICT1 year ago
Apple Bows To EU, Unveils iPhone With USB-C Charger
-
Entertainment11 months ago
BET Hip-Hop Awards: Black Sherif wins big as Burna Boy loses seven nominations
-
Entertainment11 months ago
‘Black Panther’ star Lupita Nyong’o breaks up with boyfriend, Selema Masekela
-
ICT1 year ago
Apple iPhone 15 and iPhone 15 Pro pricing around the world