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Renaissance Africa Energy Completes Acquisition of Shell’s Nigerian Operations, Rebrands as RAEC

Renaissance Africa Energy Completes Acquisition of Shell’s Nigerian Operations, Rebrands as RAEC

by Peace Araga | Mar 14, 2025 | Business/Finance, NEWS

Renaissance Africa Energy has officially completed the acquisition of Shell Petroleum Development Company of Nigeria (SPDC), taking full ownership. This follows the signing of a sale and purchase agreement in January 2024 and the approval of all necessary regulatory...
House of Reps Approves Tax Reform Bills, Retains VAT at 7.5% and Exempts Military Personnel

House of Reps Approves Tax Reform Bills, Retains VAT at 7.5% and Exempts Military Personnel

by Peace Araga | Mar 14, 2025 | NEWS

The House of Representatives has adopted the report of its committee on finance regarding the tax reform bills, following five months of negotiations and a three-day public hearing. Several amendments were made, including retaining the value-added tax (VAT) at 7.5%,...
ECOWAS Deploys Standby Force to Combat Terrorism Amid Regional Fractures

ECOWAS Deploys Standby Force to Combat Terrorism Amid Regional Fractures

by Favour Owonibi | Mar 12, 2025 | International, NEWS, Security

The Economic Community of West African States (ECOWAS) has activated its Standby Force to end terrorism and other transborder crimes in the subregion. The Minister of Defence, Mohammed Badaru, disclosed this in Abuja on Tuesday at the 43rd ordinary meeting of ECOWAS...
House of Reps Demands Suspension of CBN’s Increased ATM Charges Over Public Burden

House of Reps Demands Suspension of CBN’s Increased ATM Charges Over Public Burden

by Favour Owonibi | Mar 12, 2025 | Business/Finance, NEWS

The House of Representatives has called for the immediate suspension of the Central Bank of Nigeria’s (CBN) increase in ATM withdrawal charges, and the discontinuation of free withdrawals for customers using other banks’ ATMs. The resolution followed a motion by...
Suspended Kogi Senator Natasha Akpoti-Uduaghan Seeks UN Intervention Over Senate Suspension

Suspended Kogi Senator Natasha Akpoti-Uduaghan Seeks UN Intervention Over Senate Suspension

by Favour Owonibi | Mar 12, 2025 | NEWS, Politics

The suspended Kogi Senator, senator Natasha Akpoti-Uduaghan has taken her case to a global stage at the United Nations Senator Natasha on Tuesday sought justice and the intervention of global democratic institutions at the Women in Parliament session held at the...
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