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The Premier League’s case against Manchester City over their alleged 115 financial breaches has been concluded. According to the Daily Mail, this leaves the panel to consider their verdict. The final arguments were heard on Friday at London’s International Dispute Resolution Centre. This brings to an end the hearing that started on September 16. City are accused of multiple breaches of Financial Fair...
The naira settled at N1,538.50 per dollar at the foreign exchange market for the first time after an appreciation streak. The Central Bank of Nigeria’s foreign exchange change data on Monday showed that it stood at N1,538.50 per dollar, slightly down from N1,535 recorded on Friday. This represents N3.5 depreciation. Similarly, at the black market, the naira closed at N1,630 per dollar...
The Nigerian government has assured small businesses of exemption from taxes by raising the tax exemption threshold for SMEs from N25 million to N50 million in annual turnover. The Tinubu administration also announced a nationwide engagement exercise through the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, to discuss the implications and opportunities of the proposed tax reform bills...
Popular dancer, Lil Smart, has said music stars, Naira Marley and Zinoleesky should be held responsible if anything happens to him. Sharing disturbing photos and videos via his social media page, Smart alleged that the duo were threatening his life. “If anything happens to me (missing or killed), just know it is both Naira Marley and Zino,” he said. In another post...
Famous Nigerian rapper, Blaqbonez has hinted at retirement. The ‘Like Ice Spice’ crooner announced that he would be retiring in the next three to five years. Blaqbonez made this known in a recent interview with media personality, Chude Jideonwo. “I will keep doing my music to the point where I know that I’ve saved up something that would last me for a...
American rapper, Sean Carter, aka Jay-Z, has reacted to a lawsuit that accused him of raping a 13-year-old girl with disgraced music mogul Sean Combs, aka Diddy, in 2000. A lawyer, Tony Buzbee, had filed a civil lawsuit accusing Jay of statutory rape. Reacting in a swift statement shared via his social media pages on Sunday, Jay-Z denied the allegations and...
The third round of this season’s Copa del Rey will see Real Madrid away at fourth division side Deportiva Minera. Minera progressed after eliminating Alaves on penalties and will now host the LaLiga champions at their 2,000-seater stadium. Barcelona take on UD Barbastro, who also compete in the fourth tier of Spanish football and dumped out Espanyol last Thursday. As two of...
The Edo State Accountant Accountant-General, Julius Anelu has revealed the internal debt profile of the state government as of November 11, 2024, pegging it at over N1 trillion. The Accountant-General who made the revelation during a meeting with members of the Edo State Assets Verification Committee also reported that the state’s external debt was N282 billion. Anelu said the increase in...
Nigeria’s Value Added Tax collection increased by 14.16 percent to N1.78 trillion in the third quarter of 2024 from N1.56 trillion in Q2. The National Bureau of Statistics disclosed this in its VAT data released on Friday. On a year-on-year basis, VAT collections in Q3 2024 increased by 88.00 percent from Q3 2023. Accordingly, in the Q3 VAT collection, local payments recorded...
The Zone 16 Police Command on Saturday arrested and paraded three suspects for allegedly engaging in illicit drugs and fraudulent activities. This was contained in a statement by the zone’s spokesman, SP Gunn Emonena, in Yenagoa, Bayelsa State capital. Emonena said the Zonal Financial and Cyber Crime unit, based on credible intelligence, stormed Rumukparali community in Obio/Akpo Local Government of Rivers...
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