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The IMF recommends Nigeria's FG impose new fuel and telecom taxes

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The International Monetary Fund (IMF) has strongly advised the Nigerian government to increase taxes and expand its revenue base to sustain social programs and public infrastructure. The key tax measures proposed in the International Monetary Fund | IMF 2026 Article IV consultation report include  Fuel Taxation, Extending the Value Added Tax (VAT) to petroleum products.                                   Telecom Services: Introducing excise duties on telecommunications services to capture more digital revenue.     VAT Adjustments: Broadening the tax base and potentially increasing the overall VAT rate to boost the country's fiscal space Poverty Safeguards: The IMF strongly warned that the timing of these new tax measures must consider the severe food insecurity and poverty currently faced by many Nigerians. They emphasized that any tax increase should be accompanied by fully fun...

27 terrorists eliminated in Borno State by Nigeria Air Forces

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The operational report of the Nigerian Air Force, NAF, made available to the News Agency of Nigeria, NAN, on Sunday indicated that the strikes were conducted following Intelligence, Surveillance and Reconnaissance, ISR, missions across the theatre. Air Component of Joint Task Force Operation Hadin Kai have neutralised 27 terrorists in separate air interdiction missions targeting terrorist enclaves in the Southern and Northern Tumbus areas of Borno. air assets comprising Dragon and ISR platforms conducted an air interdiction mission at Dawoshe, a known terrorist enclave in the Southern Tumbus area, at about 12:40 a.m. on June 10. It added that Battle Damage Assessment, BDA, revealed that the vehicles were destroyed while 12 terrorists were neutralised during the operation. The report further disclosed that the air component conducted a precision strike on terrorist positions at Metele in the Northern Tumbus area of Guzamala Local Government Area of Borno on the same day. It stated that ...

Nigeria’s political elite celebrate former Head of State, General Abdulsalami Abubakar (retd.), as he marked his 84th birthday

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Nigeria’s political elite, former heads of state, serving government officials, foreign leaders, traditional rulers, diplomats and business leaders on Saturday converged on the Presidential Villa, Abuja, to celebrate former Head of State, General Abdulsalami Abubakar (retd.), as he marked his 84th birthday and unveiled three books chronicling his life, leadership and contributions to peacebuilding and democratic governance. Abubakar, was the military head of state who oversaw Nigeria’s transition to democracy in 1999 and handed over power to Obasanjo as the democratically elected president. President Bola Tinubu has hailed Abdulsalami Abubakar, former head of state, for choosing “honour and integrity over the allure of power” during Nigeria’s transition to civilian rule in 1999. Tinubu described the former head of state as “one of Nigeria’s most outstanding and courageous leaders, a true statesman, a soldier-democrat, a passionate bridge-builder, a dependable patriot and a noble gentle...

7 Top Headlines News Stories Today Nigerian Newspapers (14/06/26)

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1. The National Agency for Food and Drug Administration and Control, NAFDAC, has alerted Nigerians to the recall of approximately 90,000 bottles of Children’s Ibuprofen Oral Suspension in the U.S. The agency on its X-handle on Saturday said the product was recalled by the United States Food and Drug Administration, USFDA due to the presence of foreign material inside the medication. 2026 Contamination Recall: NAFDAC issued a strong public alert regarding the U.S. recall of approximately 90,000 bottles of Children's Ibuprofen Oral Suspension, USP (100 mg/5 mL). The manufacturer, Strides Pharma Inc., initiated the recall following consumer reports of a gel-like mass and black particles in the medication 2. The Federal Government has announced the next stage of recruitment into the Nigeria Immigration Service, NIS, the Nigeria Security and Civil Defence Corps, NSCDC, and the Federal Fire Service, FFS and Nigeria Correctional Service, NCoS.  Applicants who sat for the Civil Defence, Co...

Peter Obi: "No Reason To Keep (IPOB) Leader Nnamdi Kanu in Detention".

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The leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, is currently serving a life sentence. He was convicted on seven terrorism-related charges by the Federal High Court in Abuja and is presently remanded at the Sokoto Correctional Centre. He received life imprisonment on counts one, four, five, and six, along with a 20-year and a 5-year sentence on other counts. The judge ordered that he be held in a secure facility monitored by the Office of the National Security Adviser, without digital device access. IPOB is a Nigerian separatist movement founded in 2012, which advocates for the restoration of an independent state of Biafra. Peter Obi, has reiterated his call for the release of Nnamdi Kanu, saying there is no justification for the continued detention of the leader of the Indigenous People of Biafra. Obi stated this during an interaction with Nigerians in Washington, D.C., United States, "No reason whatsoever" for the continuous incarceration of IPOB leader. “...

10 key takeaways From President Tinubu’s Democracy Day speech.

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In his Democracy Day address on June 12, 2026, the President highlighted key achievements in security and economic management while acknowledging ongoing challenges facing the nation President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to strengthening Nigeria’s democracy, tackling insecurity, and driving economic reforms, as the country marked 27 years of uninterrupted civilian rule. Tinubu stressed the need for national unity, credible elections, and active citizen participation, urging Nigerians, especially the youth, to remain committed to building the country’s future. Here are the Ten(10) Key Takeaways 1. Democracy Must Be Protected Tinubu emphasized that democracy, though imperfect, must be defended, nurtured, and strengthened. 2. 27 Years of Uninterrupted Democracy Nigeria has maintained 27 consecutive years of civilian rule, marking a historic democratic milestone. 3. Acknowledgment of Insecurity Challenges The President referenced recent abductions in Oy...

BREAKING: Senate voids ex-NNPC boss Kyari arrest warrant

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Nigeria's Senate distanced itself from a Public Accounts Committee order to arrest former NNPCL CEO Mele Kyari after he skipped a ninth invitation to explain ₦210 trillion in flagged financial entries from 2017-2023.  Lawmakers ruled that committees cannot issue warrants without the Senate president's approval, voiding the order amid an ongoing probe into accrued expenses and receivables that NNPCL attributes to past joint ventures.  Kyari cited medical treatment abroad, while former CFO Umar Isa Ajiya called the figure impossible given the company's ₦54.5 trillion revenue, urging a forensic audit as tensions highlight NNPCL's long-standing transparency issues.  The Senate has move to debunk Oshiomhole calls to investigate Kyari over N210 trillion Misappropriation  Some X.com users are venting about on the breaking news