Latest News

Nigeria Spends Nearly Half of Its Revenue on Debt – Presidential Tax Reform Panel

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee (FPTRC), Taiwo Oyedele, has revealed that Nigeria currently allocates less than 50% of its revenue to debt servicing—a significant improvement from the previous 97% recorded before recent economic reforms. Speaking as keynote speaker at PwC’s Executive Summit on Nigeria’s Tax Reform in Lagos, themed “The New Tax Era: What Nigeria’s Tax Reform Means to Individuals and Businesses”, Oyedele noted that the government had cleared over $7 billion in unmet

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News

Lagos passenger crushed to death during fight over motorpark

A violent clash broke out on Sunday in the Alaba Rago area of Iba, Lagos State, between road transport workers, popularly called agberos, and supporters of a local monarch, leaving one passenger dead. Eyewitnesses said the confrontation started over the unveiling of a new motor park allegedly built by the monarch to serve vehicles heading to northern and eastern Nigeria. “The monarch constructed the park near Alaba Market, and it was officially opened on Saturday,” a resident, Shola, explained. “But

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News

Electricity Act Sparks Dispute as States Slash Tariffs, Gencos and Discos Kick Back

More states are preparing to lower electricity tariffs following Enugu’s recent decision to reduce Band A charges from ₦209/kWh to ₦160/kWh, effective August 1, 2025. The move, approved by the Enugu Electricity Regulatory Commission (EERC), has drawn strong opposition from power generation companies (Gencos) and distribution firms (Discos), who argue that such cuts could destabilize the power sector, already burdened by over ₦5 trillion in unpaid debts. EERC defended its decision, saying the revised tariff reflects federal subsidy interventions intended

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Entertainment News

Timini Egbuson Denies Womaniser Tag, Reveals He’s Been Single for Years

Nollywood star Timini Egbuson has addressed rumors labeling him a womaniser, clarifying that his demanding career leaves no time for such a lifestyle. Speaking on The Culture League Podcast alongside comedian Bovi and Super Eagles striker Victor Boniface, the 38-year-old actor disclosed that he has been single for the past two to three years. “A lot of people think I’m a womaniser, but that’s not true,” Timini said. “For the past few years, Nollywood has taken over my life. From

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Sport

Osimhen Completes €75m Galatasaray Move After Record Loan Spell

Turkish giants Galatasaray have sealed a landmark deal to sign Victor Osimhen on a permanent basis from Napoli after his sensational loan stint during the 2024/25 season. Reports from Football Italia confirm that both clubs have agreed on the full terms of the transfer, settling on the payment structure for the striker’s €75 million release clause. Under the agreement, Galatasaray will pay €40 million upfront, with the remaining €35 million spread across two years. Napoli will also benefit from €5

July 21, 2025 55

Politics

2027: PDP Presidential Race Heats Up as Atiku’s Exit Clears Path

Zoning, consensus top NEC meeting agenda • Makinde, Bala tipped as frontrunners The battle for the Peoples Democratic Party (PDP) presidential ticket in 2027 is gathering momentum following the exit of former Vice President Atiku Abubakar, creating an open field for new aspirants. Sources within the party confirmed that Oyo State Governor Seyi Makinde and Bauchi State Governor Bala Mohammed are among those eyeing the ticket, while other aspirants are expected to emerge as the opposition party seeks to challenge

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News

Over 1,000 Athletes Arrive Abuja for African Karate Championship

Abuja is set to host the 2025 African Karate Championship as more than 1,000 athletes from 31 African nations converge on the Nigerian capital. The competition will run from July 21 to July 28, bringing together top karate talents across the continent. President of the Karate Federation of Nigeria (KFN), Silas Agara, confirmed the development on Sunday, noting that preparations were in top gear to ensure a successful event. According to Agara, athletes will compete in four major categories: Cadet

July 21, 2025 13

News

Naira Weakens to ₦1,532.34/$ Despite CBN’s FX Interventions

The naira closed last week on a weaker note at ₦1,532.34/$ in the Nigerian Foreign Exchange Market, representing a 0.14% decline compared to the previous week. The local currency had briefly strengthened to a four-month high of ₦1,518.88/$ at the start of the week before slipping to ₦1,530.25/$ and later ₦1,533.11/$. It ended the week slightly firmer at ₦1,532.34/$. Trading data revealed that the naira exchanged between ₦1,515/$ (its strongest) and ₦1,538/$ (its weakest) during the week. At the parallel

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News

Doctors Set for Nationwide Strike as 21-Day Ultimatum Ends Thursday

The Nigerian Medical Association (NMA) has announced plans to commence an indefinite nationwide strike from Thursday, July 23, if the Federal Government fails to meet its demands. NMA President, Prof. Bala Audu, disclosed this in an interview on Sunday, warning that the association would have no option but to withdraw services should the government ignore their grievances. “The ultimatum we issued expires on July 23. If the Federal Government does not address our concerns before then, industrial action will be

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