Author: David Great

The federal government has announced a major reform in Nigeria’s tax structure, scrapping the 10 percent capital gains tax and merging it with the corporate income tax (CIT). The development comes as part of the newly enacted Nigerian Tax Act (NTA), which takes effect in January 2026. Under the updated framework, the CIT remains at a flat rate of 30 percent for all companies except small businesses. Small companies — defined as those with a gross turnover not exceeding N50 million annually and total fixed assets not more than N250 million — will continue to enjoy a zero percent tax…

The All Progressives Congress (APC) has come out strongly in defence of its newly appointed national chairman, Prof. Nentawe Yilwatda, following a wave of backlash from opposition parties and public critics over his past involvement with the Independent National Electoral Commission (INEC). Yilwatda, who most recently served as the Minister of Humanitarian Affairs and Poverty Reduction, officially emerged as the APC national chairman during the party’s National Executive Committee (NEC) meeting held on Thursday, July 24, 2025, at the Presidential Villa in Abuja. He replaces Dr Abdullahi Ganduje, who resigned on June 27 due to health challenges. The opposition, however,…

The African Democratic Congress, ADC, has strongly criticised President Bola Tinubu’s administration over what it described as “fiscal vandalism,” following the National Assembly’s recent approval of an additional $21 billion in foreign loans. In a statement released on Sunday by the party’s National Publicity Secretary, Mallam Bolaji Abdullahi, the ADC warned that the new borrowing spree could push Nigeria’s total public debt above N200 trillion by the end of 2025, with little to no visible economic benefits. “What Nigerians are witnessing, following the approval of a fresh $21 billion in foreign loans, is nothing short of a calculated decision to…

The Nigerian Senate has dismissed media reports alleging a clash between Senate President, Godswill Akpabio, and Senate Leader, Opeyemi Bamidele, during a recent executive session. The clarification was made by the Chairman, Senate Committee on Media and Public Affairs, Yemi Adaramodu, who described the reports as misleading and unfounded. According to Adaramodu, the media misinterpreted normal legislative deliberations as signs of internal conflict. “Our attention has been drawn to diverse media reports claiming that President of the Senate, Godswill Akpabio and Leader of the Senate, Senator Opeyemi Bamidele clashed during an executive session recently convened to deliberate whether the Senate…

Nigeria’s Super Falcons staged an incredible second-half comeback to defeat Morocco 3–2 in a pulsating Women’s Africa Cup of Nations (WAFCON) encounter on Saturday. Morocco started the match with dominance, opening the scoring in the 12th minute through Ghizlane Chebbak. The Atlas Lionesses extended their lead when Sanaâ Mssoudy struck again in the 24th minute. Undeterred, the Super Falcons emerged from halftime with renewed intensity. Esther Okoronkwo pulled a goal back from the penalty spot in the 64th minute. Seven minutes later, Folashade Florence Ijamilusi found the net to bring the scoreline level. The decisive moment came in the 88th…

Guaranty Trust Bank, GTBank, is facing mounting criticism following an incident involving a woman with a disability who was reportedly denied access to one of its branches in Wuse 2, Abuja. The incident, which occurred on July 16, 2025, gained public attention after a viral LinkedIn post by Titi Ojo, an eyewitness. In the post, Ojo described how the woman—identified as one of her students—was left outside under the scorching sun due to the absence of proper access infrastructure at the bank’s branch on Adetokunbo Ademola Crescent. According to Ojo, the woman arrived the GTBank branch before her and was…

Minister of the Federal Capital Territory, Nyesom Wike, has urged Nigerians to dismiss the emerging political coalition under the African Democratic Congress, labeling its members as “naysayers and unpatriotic.” According to him, their primary motive is to unseat President Bola Tinubu in 2027, despite what he described as their lack of credible track records from previous political positions. Speaking during the 35th Combined Convocation and 50th Anniversary of the University of Port Harcourt, where he was conferred with an Honorary Doctor of Science degree in Political Science, Wike praised Tinubu’s policies, which he said were already producing positive outcomes. He…

Arsenal have confirmed the signing of Swedish striker Viktor Gyokeres from Sporting Lisbon in a deal worth up to €73.5 million. The 27-year-old forward, who scored a remarkable 97 goals in 102 games for the Portuguese side, has agreed to a five-year contract with the Gunners. He will join Mikel Arteta’s squad during their pre-season tour of Asia. Gyokeres will wear the iconic number 14 jersey, once made famous by club legend Thierry Henry. Arsenal will reportedly pay Sporting an initial €63.5 million, with an additional €10 million based on performance-related add-ons. Announcing the signing, Arsenal’s sporting director Andrea Berta…

Nollywood actor, Odunlade Adekola, has announced the passing of his father, Pastor N.A. Adekola. The announcement was made on Saturday via the actor’s Instagram page, where he posted a photo of his late father alongside a heartfelt caption: “Rest on my daddy.” Although the cause of death was not disclosed, the news has sparked an outpouring of condolences from fans, colleagues, and followers on social media platforms. Tributes have continued to pour in, with many describing Pastor N.A. Adekola as a “devoted servant of God who left a lasting legacy.” The post has since drawn wide attention, as friends and…

Chelsea have reportedly had a bid of more than £60m turned down by Juventus for 20-year-old Turkey forward Kenan Yildiz. (La Gazzetta dello Sport – in Italian) Manchester United have had a loan bid rejected for 32-year-old Aston Villa and Argentina goalkeeper Emiliano Martinez. (Sun) Two of Saudi Pro League’s top clubs are interested in signing Antony from Manchester United as a return to Real Betis, where the 25-year-old Brazil winger spent last season on loan, looks unrealistic. (Sky Sports) England left-back Luke Shaw will also listen to offers from clubs in Saudi Arabia as the 30-year-old is ready to…