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Reps adopt tax reforms, retains VAT at 7.5%
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Reps adopt tax reforms, retains VAT at 7.5%

The House of Representatives has adopted the Tax Reform Bills as a working document, confirming that Nigeria’s Value Added Tax will remain unchanged at 7.5%. Presenting the report on Thursday, the Chairman of the Finance Committee, James Faleke, assured lawmakers that contentious areas had been addressed and reaffirmed that the VAT rate would not increase. […]

TETFund allocates N700bn to varsities for 2025
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TETFund allocates N700bn to varsities for 2025

TETFUND has announced its intervention allocations for 2025, with universities set to receive N2.8 billion each, polytechnics N1.9 billion, and colleges of education N2.1 billion. The funding is part of a larger N700 billion package approved by President Bola Tinubu to bolster infrastructure, research, and development across Nigeria’s tertiary institutions. The Executive Secretary of TETFund, […]

NAICOM reveals over 1,500 complaints against Nigerian insurers
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NAICOM reveals over 1,500 complaints against Nigerian insurers

The National Insurance Commission has released a comprehensive report revealing that 1,571 complaints were lodged by policyholders against various insurance companies in Nigeria, with Industrial and General Insurance Plc recording the highest number of grievances. Published on NAICOM’s website on Wednesday, the report is part of the commission’s ongoing efforts to ensure insurers honor valid […]

Meta plans fourth AI overhaul in six months
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Meta wins lawsuit halting promotion of ex-employee book

Meta Platforms secured an emergency arbitration ruling on Wednesday to temporarily halt the promotion of ‘Careless People,’ a tell-all book written by former company executive Sarah Wynn-Williams. The ruling, issued by the American Arbitration Association’s emergency arbitrator Nicholas Gowen, was published by the social media giant. Wynn-Williams, Meta’s former director of global public policy, paints […]

Xbox unveils AI-powered gaming assistant
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Xbox unveils AI-powered gaming assistant

Xbox has introduced “Copilot for Gaming,” an AI-powered virtual assistant designed to enhance player experiences through real-time guidance, game recommendations, and even a bit of trash talk. Powered by Microsoft’s AI technology, Copilot is a voice-activated assistant capable of answering questions, offering strategic advice, and adapting to a player’s style. “It can trash talk you […]

DOGE to cut IRS workforce by 20%
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DOGE to cut IRS workforce by 20%

The Trump administration, in collaboration with the Department of Government Efficiency, is proposing a significant downsizing of the Internal Revenue Service, potentially reducing its workforce by nearly 20% by May 15—just one month after Tax Day. As part of a broader government-wide effort to streamline federal agencies, President Donald Trump has directed agencies to submit […]

Spotify expands audiobook, lure authors with with new publishing program
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Spotify expands audiobook, lure authors with with new publishing program

Spotify has announced the launch of a new publishing program aimed at helping authors turn their short-form stories into audiobooks. The initiative, revealed on Thursday, marks an expansion of the streaming giant’s existing audiobook efforts. Under the new program, Spotify will handle the production and distribution of selected stories, making them available through major audiobook […]

NITDA to develop blockchain "Nigerium" for data Security
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NITDA, Jigawa partner to provide digital skills for out-of-school children

The National Information Technology Development Agency and the Jigawa State Government are collaborating to provide Almajiri and out-of-school children with essential digital skills. This initiative was highlighted during a meeting between NITDA’s Director General, Kashifu Inuwa, and the Executive Secretary of the Jigawa State Tsangaya Education Board, Abubakar Maje Hamisu. The Jigawa State Government plans […]

Technology

Experts question FG’s decision to replace Remita with TMRAS

The Nigerian Computer Society has expressed concerns over the Federal Government’s decision to replace Remita Payment Service Ltd. with the Treasury Management and Revenue Assurance System. NCS President, Dr. Sirajo Aliyu, expressed the society’s concerns during a press conference in Lagos on Wednesday. The NCS is worried about the transition’s potential impact on efficiency, security, […]

150,000 Nigerians got FG's N50k grant - Minister
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FG directs finance ministry to develop plan for asset management

The Ministry of Finance Incorporated has been directed to develop a comprehensive roadmap for valuing and managing all Federal Government of Nigeria assets, both domestic and international. This initiative emphasizes transparency, accountability, and alignment with global best practices, with clear milestones and timelines to ensure effective implementation. The Honourable Minister of State for Finance, Dr. […]

News

Japanese influencer fatally stabbed during livestream

A 22-year-old Japanese influencer, Airi Sato, was fatally stabbed while livestreaming to over 6,000 viewers in Tokyo’s Shinjuku district. The attacker, 42-year-old Kenichi Takano, approached her wearing a mask and hat before stabbing her multiple times in the neck and torso. Little is known about Airi Sato’s private life, but sources say she had been […]

Nigeria, Namibia explore partnership for direct air travels
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Nigeria, Namibia explore partnership for direct air travels

The Minister of Aviation and Aerospace Development, Festus Keyamo, has proposed Nigerian carrier XEJET as a potential partner for Namibia in its bid to establish direct flights between the two countries. Keyamo made the suggestion during a meeting with the Namibian Ambassador to Nigeria, Humphrey Geiseb, as disclosed in a statement by the minister’s aide, […]

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