Author: Amina Mohammed

Nigerian banks have been mandated to report all customer accounts with monthly transactions exceeding N5 million to the country’s tax authorities, according to the latest update from the National Orientation Agency (NOA). This directive was part of a sweeping tax reform signed into law, aimed at improving tax compliance, curbing financial irregularities, and aligning Nigeria’s fiscal structure with global standards. The new requirement, outlined in Section 30 of the 2025 Tax Reform Act, places commercial banks at the forefront of a major financial transparency push. Banks will be required to monitor and report high-value transactions on a monthly basis to…

The United States (US) Department of State has revised its visa reciprocity schedule for Nigeria, announcing that most non-immigrant and non-diplomatic visas issued to Nigerian citizens will now be valid for only three months and limited to a single entry. The updated policy, which took effect immediately from Tuesday, July 8, 2025, is expected to impact thousands of Nigerian applicants seeking short-term travel to the United States for tourism, business, or educational purposes. However, the US clarified that “those U.S. non-immigrant visas issued prior to July 8, 2025, will retain their status and validity.” This means previously granted multiple-entry visas,…

Former Minister of Police Affairs and Peoples’ Democratic Party (PDP) Board of Trustees member, Alhaji Adamu Maina Waziri has resigned his membership from his party (PDP) to join the African Democratic Congress (ADC).  While submitting his resignation letter to the ward party Chairman at his Dogotubo Ward Centre in Potiskum, Yobe State on Monday, Waziri cited protracted leadership crisis at the national level of PDP as reason for his exit. “The current leadership and direction in PDP is inconsistent with a major political party. The party has lost its moral standing as the primary opposition bastion,” Waziri, who was also a…

Labour Party presidential candidate, Peter Obi, says true leadership demands sacrifice, stressing that any Nigerian president must be willing to lay down their life if citizens are dying. Speaking during an appearance on Channels Television’s Sunday Politics, Obi criticised what he described as the Tinubu administration’s lack of empathy and prioritisation, arguing that compassion — not nonchalance — should define the presidency. “If your people are dying, you should be ready to die. The president should also be ready to die,” Obi said. “I will not use ₦150 billion to buy a new jet when 80% of primary healthcare centres are…

The Lagos State University (LASU), Ojo, has dismissed two of its senior lecturers for misconduct, including inhuman treatment, financial impropriety, and sexual harassment, as applicable. The lecturers are the Dean of the School of Agriculture, Epe Campus, Prof. Olatunji Tajudeen Abanikanda, and Dr Khadeejah Kareem-Ibraheem, a female and Coordinator of the Department of Animal Sciences at the same School of Agriculture, Epe Campus. In a statement signed by the Registrar of LASU, Mr Emmanuel Fanu, the university took the decision at its 143rd statutory meeting held on Thursday, 3rd July 2025. He stated that the university’s Governing Council had approved…

The World Bank has announced the appointment of Mathew Verghis as its new Country Director for Nigeria, effective July 1, 2025. Verghis takes over from Dr. Ndiame Diop, who has assumed a new role within the institution. A statement from the World Bank on Friday described Verghis as an Indian national who brings more than 20 years of experience in economic policy and development, having joined the World Bank in 1999.” Over the course of his career, he has worked in senior leadership roles spanning Africa, East Asia, Europe, and Central Asia. His most recent position was Regional Practice Director…

Yusuf Datti Baba-Ahmed has stated why Peter Obi should be the presidential candidate of the newly formed African Democratic Congress coalition (ADC). Baba-Ahmed, who was Obi’s running mate in the 2023 presidential election, noted that the latter should not be ADC’s vice presidential candidate because of his performance in the poll. While appearing on Arise TV’s Prime Time on Thursday, Baba-Ahmed disclosed that the coalition’s presidential ticket is between the former Vice President, Atiku Abubakar, former Minister of Transportation, Rotimi Amaechi and Obi. While putting the others in consideration, he stressed that Obi should not be anyone’s deputy in the…

Microsoft has announced it is cutting approximately 9,000 jobs worldwide in its second major layoff of 2025, aimed at reducing costs and streamlining operations. The layoffs, representing about 4% of its global workforce, will affect multiple departments, regions, and levels of seniority. As of June 2024, Microsoft employed 228,000 workers. A company spokesperson stated that the cuts are part of broader organisational changes to simplify internal processes and reduce management layers. “We continue to implement organisational changes necessary to best position the company and teams for success in a dynamic marketplace,” the spokesperson said. The layoffs, first reported by Bloomberg,…

Former presidential candidates on the platform of Peoples Democratic Party (PDP), Atiku Abubakar and his Labour Party (LP) counterpart, Peter Obi among other heavyweight political chieftains formally met in Abuja for the signing of the formal takeover of the African Democratic Congress (ADC) by the coalition of the opposition political party. Others who were in attendance included Rotimi Amaechi, John James Akpanudoedehe, Senator Tony Nwoye, Solomon Dalung,  Dino Melaye, Aminu Tambuwal, Liyel Imoke, Abubakar Malami, Mallam Nasir El-rufai, Dele Momodu, Gabriel Suswam, Enyinnaya Abaribe, Victor Umeh, Uche Secondus, and Emeka Ihedioha among many others. Also in attendance included the outgoing…

Rauf Aregbesola, the Interim National Secretary of the African Democratic Congress (ADC), has stated that the party’s organisational structure and ethics will be modelled after international best practices. Aregbesola stated that the ADC will examine and implement what works for political parties in South Africa, Sweden, Chile, and Kenya. He revealed this during his acceptance speech at the gathering of the National Opposition Coalition Group. The group had met yesterday at Transcorp Hilton in Abuja, where it adopted ADC as its official political party. During the meeting, Aregbesola emerged as the party’s Interim National Secretary. Speaking, the former Interior Minister…