Author: Akintayo Adams

The House of Representatives has expressed concern over the Executive’s delay in submitting the 2025 budget proposal to the National Assembly. The Green Chamber criticized President Bola Tinubu’s administration for non-compliance with Section 11(1)(b) of the Fiscal Responsibility Act 2007. This section mandates the government to submit the budget no later than four months before the next financial year. The House urged the Executive to meet this requirement and directed relevant committees to ensure compliance within two weeks. The motion was raised by Clement Jimbo during Wednesday’s plenary session. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

The UK parliament has introduced a new bill to legalize assisted death in England and Wales. The proposed law, introduced by Labour MP Kim Leadbeater, allows terminally ill adults with six to twelve months to live to request assisted death, subject to approval by two doctors and a judge. While some support the bill as reflecting changing public opinion, it has sparked concerns from church leaders and others about its ethical implications. Assisted suicide remains illegal in most of the UK, carrying up to 14 years in prison. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

Adedeji Adeleke, father of Nigerian musician Davido, has revealed that his new 1,250MW thermal power plant will be operational by January 2025. Speaking at the Seventh Day Adventist General Conference, Adeleke shared his challenges, including government bottlenecks and prayer for divine intervention. “I generate 15% of the electric power consumed by Nigeria; I am building the biggest thermal power plant in Nigeria to be launched in January 2025,” he said. The $2 billion project, located in Ondo State, involved collaboration with Chinese engineering firms and provided over 1,000 jobs. Despite setbacks, including theft of turbine components worth $5 million, the…

Burna Boy has surpassed Tems as the Nigerian artist with the most charting songs in US Billboard Hot 100 history. His latest entry comes from the song “We Pray” by Coldplay featuring him, LittleSimz, Elyanna, and TiniStoessel, debuting at No. 87 on the chart this week. This brings his total to six entries, ahead of Tems with five. Burna Boy is now just one song away from breaking Seether’s record as the African artist with the most Billboard Hot 100 entries. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

Kenya’s Senate began debating the impeachment of Deputy President Rigathi Gachagua on Wednesday, following his failure to halt the proceedings in court. The Lower House voted to impeach him last week on charges of corruption and abuse of office, but Gachagua, who denies the allegations, remains in office pending the Senate’s decision, expected Thursday. Gachagua’s legal team argued the process was rushed and unfair, but two High Court rulings have cleared the way for the Senate debate to continue. President William Ruto has yet to comment publicly on the matter. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online…

At least 90 people have been confirmed dead after a petrol tanker exploded in Majiya Town, Taura local government area of Jigawa State. The explosion occurred late on Tuesday after the tanker driver lost control near Khadija University. Many of the victims had gathered around the accident scene, despite police warnings to stay clear of such incidents. Additionally, 50 people are receiving treatment for injuries. A mass burial for the victims is scheduled, and the injured are being treated at Ringim General Hospital. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

England is reportedly set to appoint Thomas Tuchel as the new manager of the men’s national football team. The former Chelsea and Bayern Munich coach is expected to replace Gareth Southgate, leading the squad into the 2026 World Cup. Tuchel, known for winning the Champions League with Chelsea and league titles in Germany and France, will become the third foreign coach to manage England, following Sven-Goran Eriksson and Fabio Capello. He was selected after candidates like Pep Guardiola were considered. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

The UK’s inflation rate dropped to 1.7% in the year to September, the lowest in over three years, according to the Office for National Statistics (ONS). This decline, driven by lower airfares and petrol prices, exceeded economist expectations and fell below the Bank of England’s 2% target. The drop is seen as a positive sign for consumers and could prompt further interest rate cuts to boost economic growth. Benefits are also expected to rise by 1.7% in April 2025, providing relief to low-income households. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

The naira significantly depreciated against the dollar, dropping to ₦1658.97 per dollar on Tuesday from ₦1552.92 on Monday, reflecting a loss of ₦106.05. At the black market, the naira remained stable at ₦1700 per dollar. This decline in the naira comes amid rising inflation, with the National Bureau of Statistics reporting a 32.70% inflation rate in September 2024. Despite interventions by the Central Bank of Nigeria (CBN), fluctuations persist in the FX market, though CBN Governor Yemi Cardoso emphasized Nigeria’s external reserves of $39.12 billion. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

The Federal Government of Nigeria, through the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, revealed that 90% of current taxpayers should be exempt. Speaking at the 30th Nigeria Economic Summit, Oyedele stressed that 97% of those in the informal sector shouldn’t pay taxes as they’re focused on survival. “People will pay tax once we decide that they have to pay. What we realise is that almost 90 per cent of people who are paying taxes are those who should not have been paying in the first place,” he said. “So that’s where we came up…