Author: statereporter

The National Assembly is deliberating on a new bill proposing an increase in the value-added tax (VAT) from 7.5% to 10% by 2025, with further increments planned in subsequent years. According to a draft of the bill seen on Sunday, the VAT rate would rise to 12.5% between 2026 and 2029, and reach 15% by 2030. The bill aims to adjust VAT in stages, impacting goods and services at every level of the supply chain where value is added. “VAT shall be charged on the value of all taxable supplies at the following rates: (a) 2025 year of assessment, 10%;…

Air Peace has reaffirmed that its Chief Executive Officer, Allen Onyema, remains innocent of the charges brought against him by the United States Department of Justice (DOJ). The airline’s management issued a statement on Sunday, stressing that the ongoing legal proceedings involving Onyema and the airline’s Chief of Administration and Finance, Ejiroghene Eghagha, will not disrupt the company’s daily operations. The statement emphasized that the charges, which have been expanded as part of a broader investigation into financial misconduct, are still under litigation. The airline described the allegations as stemming from incidents that occurred several years ago. “While the charges…

The embattled National Chairman of the Labour Party (LP), Julius Abure, has dismissed the threat by the party’s caretaker committee, led by Nenadi Usman, to appeal last week’s judgment affirming his (Abure’s) leadership. State reporters revealed that last week, the Federal High Court in Abuja declared the contentious national convention that returned Abure and his National Working Committee (NWC) to office as valid. However, the Nenadi Usman caretaker committee met with the party’s 2023 presidential candidate, Peter Obi, and Abia State Governor, Alex Otti, before deciding to drag Abure to the Appeal Court. Speaking in an interview with Punch on…

Violent protests rocked Agenebode, the headquarters of Etsako East Local Government Area in Edo State, on Sunday, as numerous lives were allegedly lost over suspicions of criminal activities involving kidnappings and organ harvesting. State reporters gathered that the violence erupted over allegations that criminal Fulani groups responsible for kidnapping and suspected organ harvesting were receiving protection from the police. According to Independent, the incident that triggered Sunday’s violence reportedly began with the kidnapping of a young boy weeks ago. Despite the ransom payment, the boy had not been released, sparking public outrage. Local youths tracked the boy’s phone, leading them…

FirstBank, in collaboration with Junior Achievement Nigeria (JAN), has announced the winners of the 2024 National Company of the Year (NCOY) competition, State reporters. The event, which took place on Friday in Lekki, Lagos, brought together 12 schools representing various states, who were finalists from an earlier round of competition. FirstBank Managing Director, Olusegun Alebiosu, speaking at the event celebrated a significant milestone, revealing that with the announcement of the 2024 winners, the initiative has produced 1.5 million student entrepreneurs. Alebiosu, represented by the General Counsel of the bank, Raymond Mgbeokwere, noted that this year’s edition also marked the 25th…

The Super Eagles of Nigeria were subjected to unprofessional treatment as they arrived in Libya for the 2025 AFCON qualifiers against the said country. Recall that Libya were at Godswill Akpabio International Stadium in Uyo, Akwa Ibom state, on Friday for the matchday three of the 2025 AFCON qualifiers against the Super Eagles. Before the game, the officials of the Libyan national team claimed that the football authorities in Nigeria did not give them a befitting treatment when they touched down in the country. During the game, the Mediterranean Knights frustrated Super Eagles players by using time-wasting tactics to end…

Bello Matawalle, Minister of State for Defence, has strongly condemned recent comments made by Rotimi Amaechi, former governor of Rivers State, in which he expressed disappointment with Nigerians for their response to the ongoing economic challenges in the country. In his remarks, Amaechi suggested that Nigerians should protest against politicians amid the widespread economic hardship. “There should be protests. Not even protests against anybody but against the politicians that ‘we won’t vote’,” Amaechi had said. Reacting to this statement, Matawalle described Amaechi’s remarks as “reckless and irresponsible,” noting that they incite Nigerians against their own government. In a statement issued…

Festus Keyamo, Minister of Aviation and Aerospace Development, has attributed frequent flight cancellations and high ticket prices for both local and international flights to a shortage of aircraft in the country. In an interview with BBC Pidgin on Saturday, Keyamo highlighted the challenges within Nigeria’s aviation sector, including flight delays without prior notification, and assured the public that these issues would soon be addressed. Keyamo revealed that one of the major problems Nigerian airlines face is the high cost of leasing planes. Many airline operators, he said, struggle with leasing aircraft on wet lease terms, as they are unable to…

Freedom fighter, Sunday Adeyemo, popularly known as Sunday Igboho, has submitted a petition to the Prime Minister of the United Kingdom, Keir Starmer, to consider the creation of a Yoruba nation. State reporters understands that Igboho submitted the petition on behalf of Prof. Adebanji Akintoye, the leader of the Yoruba Nation movement. The movement is seeking the immediate intervention of the UK Prime Minister and his government in their agitation to set up a country that will be predominantly owned by indigenous Yoruba people. The development was disclosed by Igboho’s spokesman, Koiki, via his X page on Sunday. He wrote:…

Super Eagles of Nigeria forward, Victor Osimhen is back in training with Galatasaray after recovering from an injury, State reporters. The club announced the positive development on their Instagram account, stating that Victor Osimhen has been following a specialized training program. “Victor Osimhen has worked separately from the team within the special programme prepared for him”, a statement from Galatasaray reads. The 25-year-old forward sustained the injury during a Super Lig match against Kasımpaşa on September 28 but has now returned to training with the Turkish giants. Recall that during the game, which ended in a 3-3 draw, the Nigeria…