Author: TheScrutinyNG

The Federal Government has announced a new fiscal regime with a wide range of tax exemptions in oil and gas industry. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said the fiscal incentives were aimed at revitalizing Nigeria’s oil and gas sector. The tax exemptions were contained in circulars titled: ‘Value Added Tax (VAT) Modification Order 2024’; and in the ‘Notice of Tax Incentives for Deep Offshore Oil & Gas Production’, which are in accordance with the Oil & Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order 2024. The VAT Modification Order 2024 introduces exemptions…

Former Vice President Atiku Abubakar has proposed a six-year single tenure, as well as rotational presidency, among others, as the review of the 1999 Constitution (as amended) commences. Atiku Abubakar forwarded the proposal noting that the office of the president rotate among the six geopolitical zones of the federation on a single term of six years, flowing between the north and south. Atiku’s proposals, addressed to the Deputy President of the Senate and Chairman, Senate Committee on Constitution Review, Senator Barau Jibrin, and dated August 30, 2024, also contained recommendations that bordered on themes such as procedures for the educational…

Leaders of the Peoples Democratic Party (PDP) have led a protest to the Independent National Electoral Commission (INEC) office Aduwawa to register their displeasure over the conduct of the governorship election in Edo State. The leaders of the protest include the Chairman of the PDP State chapter of the PDP, Dr.  Anthony Aziegbemi, the Director General (DG) of Asue/Ogie Campaign Organization, Mathew Iduoriyekemwen; Deputy Director General (Media and Publicity) of the campaign organization, Rev. Olu Martins, among other top leaders of the party, who stressed that the mandate of the people had been stolen. Armed with placards with various inscriptions,…

Israel said on Wednesday eight of its soldiers were killed in combat in south Lebanon as its forces thrust into its northern neighbour in a campaign against the Hezbollah armed group. The losses were the deadliest suffered by the Israeli military on the Lebanon front in the past year of border-area clashes between Israel and its Iranian-backed Lebanese foe. Hezbollah said its fighters were engaging Israeli forces inside Lebanon on Wednesday, reporting ground clashes for the first time since Israeli forces pushed over the border. Hezbollah said it had destroyed three Israeli Merkava tanks with rockets near the border town…

The Government of Germany on Wednesday, October 2, announced an additional release of €24 million to Nigeria and other countries in the Sahel and Lake Chad regions affected by the recent flooding. The additional fund is meant to support people affected by severe flood disasters. This was disclosed through a statement by the German embassy in Abuja. The latest support brings to €100million (N185 billion) in 2024 alone German humanitarian assistance in the Sahel and Lake Chad Basin region. The statement read: “With this considerable assistance, Germany stands by Nigeria and other African countries’ side in these times of need.…

President Bola Ahmed Tinubu is set to depart Abuja today for a two-week vacation in the United Kingdom, as part of his annual leave. This was contained in a statement issued on Wednesday, October 2, by the special adviser to the President on Information and Strategy, Bayo Onananuga. During his time abroad, the president will use the opportunity as a working vacation and retreat to reflect on his administration’s economic reforms. This break will provide President Tinubu with a chance to recharge and reassess his economic strategies, ensuring he returns to the country refreshed and ready to tackle Nigeria’s challenges.…

The Peoples Democratic Party (PDP) number in the House of Representatives has depreciated after Hon. Chris Nkwonta decamped to the All Progressives Congress (APC) on Wednesday, October 2. Speaker of the House, Abbas Tajudeen, who announced the defection of the lawmaker, did not give any reason for the defection, but only said he was told to make the announcement by the House Leaders.  The announcement drew loud applause from members of the APC in the House who welcomed the defector to their fold.  However, Deputy Minority Leader, Aliyu Sani Madaki (NNPP, Kano) raised a point of order asking that the…

Arsenal can go all the way and end their 21-year wait for a Premier League title this season, winger Bukayo Saka said after his side beat Ligue 1 champions Paris St Germain 2-0 in the Champions League on Tuesday. Arsenal finished runners-up in 2022-23 and took the Premier League title race to the final day last season before once again finishing second behind Manchester City. The north London side are in the mix this season, sitting third in the league standings, and their impressive victory over French heavyweights PSG underlined their title credentials, with Kai Havertz and Saka scoring in the match.…

Barely a few hours after President Bola Tinubu and Governor Babagana Zulum, in their independence messages, assured farmers of adequate security, no fewer than five were slaughtered by Boko haram terrorists, at Ngoshe Community in Gwoza Local Government area of Borno State. Sources revealed that five of the abductees were slaughtered, in addition to the killing of a Civilian Joint Task Force, CJTF, member, Jubril Zarana, who actively participated with security agents to foil the attack. A reliable source said “We sorrowfully announce the abduction of about 15 farmers, including children, women, young and elderly, by Boko Haram terrorists in…

The Africa Centres for Disease Control and Prevention said the Republic of Rwanda has confirmed 27 cases of Marburg Virus Disease and nine deaths as of September 30, 2024. The Africa CDC made this known in a press statement on Tuesday. The Ministry of Health of the Republic of Rwanda declared a Marburg virus disease outbreak on September 27, 2024. The centre said, “As of September 30, 27 confirmed cases and nine deaths have been reported; most of the cases are health care workers. Over 297 contacts have been registered and are under follow-up. “The Ministry of Health is working…