1. Presidency: Anxiety As Supreme Court Rules Today
There is palpable anxiety in the country as Nigerians await the Supreme Court to deliver final judgements today October 26, 2023, in the two surviving petitions challenging President Bola Ahmed Tinubu’s victory at the February 25, 2023 Presidential Election. READ MORE
2.IPPIS: FG to Delist Unverified Workers From Payroll on Friday, October 27
The Federal Government will on Friday stop the salaries of any public officer whose records cannot be verified on the Integrated Personnel and Payroll Information System.
This was made known in a statement signed by the Head of the Civil Service of the Federation, Dr. Folasade Yemi-Esan, and made available to journalists by her Director of Communications, Mohammed Ahmed, on Wednesday. READ MORE
3. Nigeria’s Net Foreign Assets Plummet 91% in September, CBN Data Reveals
Nigeria’s Net Foreign Assets (NFA) have witnessed a precipitous decline, plummeting by a staggering 91.7% to a meager N591 billion.
This was revealed by the Central Bank of Nigeria’s (CBN) most recent monetary statistics.
This sharp decline has been part of a tumultuous trend that commenced in June 2023, signifying significant challenges and uncertainties on the horizon for Nigeria’s financial landscape. READ MORE
4. Lagos Govt Shuts Alade Market Over Violation Of Environmental Laws
The Lagos State Government has sealed the popular Alade market in the Onigbongbo Local Council Area of Ikeja, over violation of environmental laws.
This was disclosed on Wednesday by the spokesman for the Ministry of Environment and Water Resources, Kunle Adeshina, in a post on his X handle (formerly Twitter). READ MORE
5.DSS Releases Former EFCC Chairman, Bawa, From detention
The Department Of State Services has released Former Chairman of the Economic and Financial Crimes Commission, Mr Abdulrasheed Bawa.He has been in detention for 135 DaysBawa was arrested by the Department of State Service (DSS) on June 14, 2023, hours after his suspension from office as EFCC Chairman by President Bola Tinubu over alleged abuse of office. READ MORE
6. Tinubu Appoints Nine INEC Resident Electoral Commissioners
President Bola Tinubu has appointed nine new INEC resident electoral commissioners.
The Matrix reports that the appointments were announced in a statement by presidential spokesperson Ajuri Ngelale on Wednesday. READ MORE
7. Bayelsa: Sylva Fights Back, Writes INEC, Seeks Immediate Withdrawal Of Amended Candidates’ List
Following his omission from the list of the amended candidates’ list for the November 11 governorship election in Bayelsa State, the All Progressives Congress (APC) guber candidate in the state, Timipre Sylva has written the Independent Electoral Commission (INEC) demanding the immediate withdrawal of the amended candidates’ list for the November 11 governorship election in Bayelsa State. READ MORE
8. MTN is ordered by Lagos Tribunal to pay FIRS $72.5 million.
MTN Nigeria Communications has been ordered by the Tax Appeal Tribunal’s Lagos state division to pay the Federal Inland Revenue Services $72, 551, 059 in arrearswhich is to cover 2007–2017 fine. READ MORE
9. Tax Reforms: FG to Reduce Levies to Approximately 10, Streamline Over 200 Taxes
It has been suggested by the Presidential Committee on Tax Reforms and Fiscal Policy that the lengthy list of officially payable taxes and levies—which presently numbers more than sixty—be reduced to a manageable single digit figure. READ MORE
10.Court Dismisses Ghandi As Soun of Ogbomoso
Oba Ghandi Olaoye, the new Soun of Ogbomoso, has been dismissed by the Oyo State High Court, which is seated in Ogbomoso.The Oyo State Government was directed by the court to hold a new election for the position of Soun. This came about as a result of a lawsuit that competitor Kabir Laoye initiated. READ MORE
