The League of Northern Democrats (LND), led by its Chairman and former Kano State Governor, Senator Ibrahim Shekarau, has outlined specific conditions for supporting President Bola Tinubu’s Tax Reform Bills, which are currently being reviewed in the National Assembly. Speaking at an event in Abuja, Shekarau stressed that the technical committee established to assess the bills had raised critical socio-cultural and governance concerns. He warned that ignoring these issues could lead to significant challenges. According to Shekarau, the LND sees the tax reform initiative as a pivotal opportunity to strengthen Nigeria’s economic framework while addressing broader constitutional and societal challenges. “The League views these tax reforms as a chance to promote economic stability while resolving vital issues related to governance, constitutional inclusivity, and socio-cultural harmony,” Shekarau noted. The group has called for comprehensive amendments to the bills to foster national unity, inclusivity, and equitable distribution of resources. As discussions on the proposed reforms unfold, the recommendations made by the LND are expected to significantly influence the national tax reform debate. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
A rare stone tablet engraved with the Ten Commandments was sold at a Sotheby’s auction for an astounding $5 million on December 18, 2024. This remarkable artifact, weighing 115 pounds (52 kilograms) and written in Paleo-Hebrew script, stirred excitement despite lingering doubts about its authenticity and historical origins. A Piece of History or Mystery? The tablet, reportedly discovered in 1913 during railway construction in modern-day Israel, dates back to between 300 and 800 CE according to experts. However, no evidence links it directly to the original Biblical commandments, and some scholars have raised concerns about its provenance. Brian Daniels from the Penn Cultural Heritage Center cautioned that items from this region often come with fabricated backstories. Similarly, Christopher Rollston, a professor at George Washington University, stated, “We have zero documentation from 1913,” casting further doubt on its authenticity. Adding to its intrigue, the tablet only features nine of the ten commandments. Curiously, it omits the one forbidding the misuse of the Lord’s name. A Competitive Auction Despite these uncertainties, bidding for the artifact surged past Sotheby’s initial estimate of $1-2 million, reaching $4.2 million before closing at $5 million with fees. Sharon Liberman Mintz, a Sotheby’s specialist in Jewish texts, remarked on the tablet’s uniqueness, noting, “There is no other stone like it in private hands.” Previously housed at the Living Torah Museum in Brooklyn, the tablet will now reside with a private collector. Expert Opinions and Controversies While Sotheby’s emphasized the artifact’s scholarly significance, highlighting its presence in academic articles and books, some experts remain skeptical. They question whether the tablet is genuine or a sophisticated forgery designed to captivate collectors. Regardless of its authenticity, the sale underscores the enduring fascination with ancient artifacts tied to religious history. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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Learn about the EFCC’s recent invitation to suspended Edo LG chairmen for financial investigations, focusing on payroll documentation and financial accounts. The Economic and Financial Crimes Commission (EFCC) has summoned the suspended chairmen of all 18 local governments in Edo State for questioning. This development was outlined in a letter signed by EFCC Director of Investigation, Abdulkarim Chukkol, addressed to the Secretary to the State Government. Details of the Invitation The letter, dated December 17, directed specific chairmen to appear at the EFCC office on separate days: Documents Required for Investigation The EFCC has requested that the chairmen provide: The EFCC stated that the request complies with Section 38(1) and (2) of the EFCC (Establishment) Act, 2004. Background of the Suspension On December 17, the Edo State House of Assembly suspended the chairmen and their deputies over allegations of insubordination and misconduct. The suspension followed their failure to present financial reports as instructed by Governor Monday Okpebholo. The EFCC’s investigation aims to assess their financial management practices and ensure accountability in public funds usage. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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South Africa has made significant strides to improve relations with Nigeria by relaxing visa requirements for Nigerian tourists and business professionals. President Cyril Ramaphosa made this announcement during the 11th Nigeria-South Africa Bi-National Commission (BNC) session held in Cape Town, with President Bola Tinubu in attendance. The updated visa policy allows Nigerian business people and tourists to apply for a visa without submitting their physical passports. Additionally, qualifying Nigerian business travelers can now receive a five-year multiple entry visa, a step aimed at strengthening economic ties between the two nations. A Commitment to Economic Cooperation President Ramaphosa highlighted the importance of fostering a favorable environment for trade and investment. He emphasized that easing visa processes is just one of several initiatives to support economic collaboration. “Our simplified visa process for Nigerian business people will encourage more seamless travel to South Africa, boosting trade and tourism,” he stated. Ramaphosa also praised Nigeria’s ongoing economic reforms, which aim to enhance investor confidence and create a conducive business environment. He reiterated South Africa’s commitment to addressing barriers that hinder greater investment and resolving challenges faced by businesses operating in both countries. Deepening Diplomatic Ties As both nations celebrate 30 years of diplomatic relations, Ramaphosa expressed optimism about the future of Nigeria-South Africa relations. He stressed the need for stronger partnerships and acknowledged the contributions of Nigerian investments in South Africa and vice versa. “While South Africa remains open to Nigerian businesses, there is more we can achieve together by addressing the constraints and challenges companies face,” he remarked. A Broader Vision for Development Ramaphosa also emphasized the role of Africa in the global economy. He noted that development challenges in the Global South, including African countries, would be prominently featured on the G20 agenda, further showcasing South Africa’s commitment to the continent’s growth. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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The Federal Government of Nigeria is taking significant steps to address the country’s persistent power supply challenges with the support of a $750 million loan from the World Bank. This initiative prioritizes renewable energy as a solution to bolster electricity access for critical sectors like education, health, agriculture, rural communities, and transportation. With approximately 80 million Nigerians lacking access to electricity, the government has introduced the e-HEART project, designed to deploy mini-grids to rural areas. This effort aims to foster sustainable economies and curb rural-urban migration by providing reliable energy access. Renewable Energy at the Forefront The government has also allocated an additional $700 million from the African Development Bank (AfDB) for the “Desert to Power” project. This initiative taps into the abundant solar resources in northern Nigeria to generate renewable energy for local communities. At a recent stakeholder workshop hosted by the Rural Electrification Agency (REA), the Minister of Power, Adebayo Adelabu, underscored the importance of off-grid electricity as a core strategy for bridging Nigeria’s energy gap. Represented by Dr. Sunday Owolabi, Director of Renewable and Rural Power Access, the minister highlighted the anticipated impact of various renewable energy projects on at least 13 million Nigerians. Adelabu added that the Federal Executive Council (FEC) approved ₦161 million worth of contracts under the Presidential Power Initiative (PPI) to upgrade power substations. These upgrades are expected to deliver an additional 150MW to the national grid, impacting 14 existing substations and establishing 21 new ones. Distributed Access Through Renewable Energy The REA, in collaboration with the World Bank, is set to roll out the DARES (Distributed Access through Renewable Energy Scale-up) program. This groundbreaking project, backed by a $750 million commitment, aims to benefit over 13 million Nigerians through renewable energy solutions. Engr. Abba Aliyu, Managing Director/CEO of REA, shared that the Rural Electrification Fund has so far deployed 124 mini-grids and 25,580 solar home systems with a combined capacity of 16.6MW. These efforts have facilitated 195,198 connections across 183 communities and 12 markets. Expanding Impact Aliyu also announced plans to deliver uninterrupted power supply to: He commended the government’s commitment to renewable energy, noting that the Electricity Act, signed by President Tinubu, has opened new opportunities for states and local governments to participate in Nigeria’s electricity sector. Call to Action Aliyu urged sub-national governments and private investors to collaborate with the federal government to ensure a sustainable and quality power supply across the country. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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Armed soldiers reportedly attacked development control officials in Sabon Lugbe, Abuja, during an attempt to demolish illegal structures, escalating tensions in the area. In Sabon Lugbe, Abuja, development control officials faced a shocking ordeal when armed soldiers, allegedly acting on orders from a high-ranking military officer, disrupted their operations. The officials were at Plot 416 to demolish a fence tied to illegal construction, reportedly owned by the Major General in question. One of the officials recounted: “We were removing the fence when the Major General was informed. He immediately sent two soldiers to assess the situation.” Upon arrival, the soldiers, in a vehicle with covered license plates, blocked the exit to prevent the team from leaving. One soldier, identified as Private Jamilu, reportedly confronted the caterpillar operator, pointed a rifle at him, and demanded he stop working. The operator complied but was then assaulted by the soldiers, who tore his clothes and physically restrained him. Things escalated further when the soldier fired at all four tires of the caterpillar, rendering it immobile. Private Jamilu then called for reinforcement, leading to the arrival of additional soldiers under the Major General’s command. The soldiers reportedly detained the caterpillar operator, the site officer, and six other officials, taking them to the Major General’s residence. According to witnesses, the detainees were physically assaulted. In addition, three Hilux vehicles belonging to the enforcement team were taken to the Major General’s house. The tires of other vehicles were shot at to prevent them from being moved. The Divisional Police Officer (DPO) of Trademore Police Station later arrived on the scene but was allegedly rebuffed by the Major General, who refused to cooperate. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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Discover NAHCO’s ambitious five-year business plan to achieve N300bn group revenue by 2029. Learn about their strategic pillars, revenue projections, and commitment to operational excellence. The Nigerian Aviation Handling Company (NAHCO) Plc has unveiled an ambitious five-year plan to achieve group revenue of N300 billion by 2029, underscoring its commitment to growth and operational transformation. Dr. Sola Obabori, Group Executive Director for International Business and Corporate Services, shared this vision during the “Bell Ringing and Facts Behind the Figures” event hosted at the Nigerian Exchange Limited (NGX) in Lagos. Strategic Growth Pillars Dr. Obabori highlighted four key pillars driving the transformation: “We are focused on achieving specific performance targets by 2029 while continuously diversifying our services,” Obabori stated. Revenue Projections: Year-by-Year Breakdown NAHCO’s revenue targets show significant growth over the next five years: Dr. Obabori explained how various business segments would contribute to this growth: “This projected trajectory requires us to prioritize operational efficiency and continuous performance improvement,” he added. Commitment to Shareholders NAHCO’s Chairman, Dr. Seinde Fadeni, assured shareholders of the company’s dedication to consistent and high dividend payouts, a hallmark of NAHCO’s legacy. Leveraging NGX for Transparency Jude Chiemeka, CEO of the Nigerian Exchange, lauded NAHCO for utilizing the NGX platform to provide timely financial and operational updates. He praised the company’s leadership in ground handling services, which caters to both domestic and international airlines. Conclusion NAHCO’s five-year business plan reflects a robust vision for the future, with a clear focus on growth, operational excellence, and digital transformation. With such ambitious goals, the company is set to remain a leader in Nigeria’s aviation industry while delivering value to its shareholders. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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President Bola Ahmed Tinubu Presents the 2025 National Budget of N49.7 Trillion In a significant move, President Bola Ahmed Tinubu on [Insert Date] presented the proposed 2025 Appropriation Bill to the National Assembly. Titled the “Budget of Restoration: Securing Peace, Rebuilding Prosperity”, this ambitious budget is pegged at N49.7 trillion, with a projected deficit of N13 trillion to be financed through new borrowings. The 2025 budget aims to steer Nigeria towards economic stability, security, and prosperity. Tinubu emphasized its alignment with his administration’s Renewed Hope Agenda, highlighting it as a roadmap for growth and transformation. Key Details of the 2025 Budget Economic Renewal and Progress President Tinubu highlighted significant progress made under his administration, citing: Focus on Strategic Growth Areas The 2025 budget emphasizes structural reforms to foster: Challenges and Criticism While the budget presents an optimistic outlook, the opposition party, PDP, criticized it as being “anti-people” and lacking focus on critical sectors like agriculture, electricity, and SMEs. PDP argued that the projected revenue and inflation targets were unrealistic without substantial investments in the productive sector. Speaker of the House, Abbas Tajudeen, praised the reforms but urged a reflection on Nigeria’s fiscal realities. He noted that despite Nigeria’s large population, its budget remains modest compared to other African nations. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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The Major Energy Marketers Association of Nigeria (MEMAN) has announced a slight reduction in the landing cost of Premium Motor Spirit (PMS), commonly known as petrol. As of December 2024, the cost has declined to ₦970 per litre, down from ₦971 per litre in November 2024. This development aligns with a drop in global crude oil prices, which fell from $74 per barrel last week to $73.77 per barrel as of yesterday. MEMAN, in its daily energy bulletin, highlighted that the latest landing cost figures are calculated using an exchange rate of ₦1,533.57 per dollar and a crude oil price of $73.91 per barrel (Brent). Volatility in Pricing Influences Despite this minor drop, MEMAN warns that international petroleum product pricing remains highly volatile due to various geopolitical and economic factors. These include ongoing events in the Middle East, shifts in China’s market dynamics, and the impact of the recent U.S. elections. The association further noted: “The foreign exchange rate is also experiencing volatility. Landing cost, being fundamentally influenced by these elements, is likely to change several times intra-day.” Retail Prices Remain Stable Although the landing cost has decreased, the retail price of petrol remains steady at ₦1,025 per litre in Lagos. According to Ehimen Joseph, Chairman of the Lagos State Chapter of MEMAN: “The price of petrol is determined by market forces under a deregulated market regime. A drop in price is possible.” Dr. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprise (CPPE), also emphasized that any reduction in petrol prices would take time to reflect in the market. He explained: “Fuel price reduction cannot be spontaneous. Marketers need to deplete their existing stocks before new prices are reflected. This process could take one to two months, depending on stock levels and sustainable foreign exchange rates.” Conclusion While the drop in landing costs hints at a potential reduction in retail petrol prices, market forces and foreign exchange fluctuations will determine the timing and scale of any adjustments. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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Discover how the Lagos State Environmental Task Force apprehended 27 individuals, including 15 minors, for street begging during a city-wide operation. The Lagos State Environmental Task Force recently apprehended 27 individuals, including 15 minors, during a city-wide operation targeting unlawful street begging. This initiative, carried out to curb public nuisance, was confirmed by the State Commissioner for Environment and Water Resources, Mr. Tokunbo Wahab, through his official X handle (@tokunbo_wahab). The task force conducted the special operation on Tuesday, focusing on major routes notorious for street begging. These areas included Awolowo Way, Falomo Roundabout in Ikoyi, and Ozumba Mbadiwe Avenue along Lekki Road. According to Mr. Wahab, the operation aimed to address the growing issue of destitution and ensure order across these busy locations. Key Highlights of the Operation: The commissioner also confirmed that all those apprehended would be transferred to appropriate government facilities for further action, following the laws governing such cases. This operation underscores the Lagos State government’s commitment to maintaining public order and addressing the challenges posed by unlawful activities in the metropolis. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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As the automotive industry embraces the electric future, several car models won’t make it to 2025. This shift is largely driven by manufacturers retooling their production lines to accommodate electric vehicles (EVs) and more profitable models. Here’s a rundown of the major car models saying goodbye. 1. Audi A5 Coupe and Convertible While the Audi A5 Sportback will continue to be available in 2025, the coupe and convertible versions will be discontinued after the 2024 model year. Audi’s strategy includes launching 20 new or updated models by 2026, with half of them being electric vehicles. 2. Ford Edge Ford has ceased production of its Edge SUV at the Oakville Assembly Plant in Ontario, Canada. The plant will be retooled for manufacturing the highly demanded F-Series Super Duty trucks starting in 2025. Ford is focusing on strengthening its commercial vehicle lineup. 3. Lamborghini Huracán The Lamborghini Huracán’s lifecycle has come to an end to make way for the launch of its successor, the Temerario. This marks the Italian automaker’s ongoing evolution of its luxury sports car portfolio. 4. Mitsubishi Mirage Mitsubishi will stop producing the Mirage compact hatchback for the U.S. market by the end of 2024. However, dealer stocks are expected to last until mid-2025. 5. Nissan GT-R Production of the Nissan GT-R for the North American market ended in October 2024 after 17 years. Nissan has stated its commitment to future innovations in high-performance vehicles. 6. Nissan Titan The Nissan Titan truck was discontinued in the summer of 2024. Nissan plans to use its Canton, Mississippi, plant to manufacture EVs, emphasizing its shift toward an electrified future. 7. Toyota Venza Toyota has decided to discontinue the Venza for the U.S. market after the 2024 model year. It will be replaced by the 2025 Toyota Crown Signia, a premium crossover SUV. 8. Audi A4 (After 2025) The Audi A4 will soon be replaced by the A5 Sportback, aligning with Audi’s plan to transition combustion-engine vehicles to odd-numbered model names and electric models to even numbers. 9. Volvo S60 (After 2025) Volvo is ending production of its S60 luxury sedan to focus on manufacturing its fully electric flagship SUV, the EX90. The 2025 S60 will be the final model year available in the U.S. Key Takeaways The transition to electric vehicles and evolving consumer preferences are reshaping the automotive landscape. While some models are retiring, their legacy lives on, with many expected to be replaced by innovative and sustainable alternatives. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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Why BVAS Faces Challenges in Nigeria Compared to Ghana: Key Lessons for Credible Elections The inability of Nigeria’s Independent National Electoral Commission (INEC) to deliver credible elections has raised concerns, particularly when compared to Ghana’s success with the Bimodal Voter Accreditation System (BVAS). Despite advancements in election technology, including the introduction of BVAS, Nigeria continues to face significant challenges, as evidenced by the public outcry following the 2019 and 2023 elections. Meanwhile, Ghana’s smooth presidential election processes—marked by transparency and integrity—underscore the stark differences in electoral outcomes between the two nations. Below are seven critical reasons BVAS thrives in Ghana but faces significant obstacles in Nigeria. 1. Integrity of Electoral Leadership Ghana: Electoral officials in Ghana prioritize transparency and fairness. The leadership ensures that elections are credible, fostering public trust. For example, the leadership of Madam Jean Mensa has upheld the country’s election credibility. Nigeria: The human factor undermines Nigeria’s BVAS operations. Accusations of bias, corruption, and complicity plague INEC, eroding public confidence in the system. 2. Non-Partisan Appointments Ghana: Electoral officers in Ghana are appointed based on merit and neutrality, reducing political interference. Nigeria: Conversely, political affiliations often influence appointments in Nigeria. Some INEC officials have ties to political elites, creating opportunities for intentional sabotage of BVAS. 3. Accountability and Penalties Ghana: Electoral malpractice attracts severe penalties in Ghana, deterring unethical behavior. Special courts ensure that justice is swift. Nigeria: Accountability is weak in Nigeria. Electoral malpractices often go unpunished, emboldening those who undermine the system. This lack of consequences fuels distrust in the process. 4. Retention of Proven Leaders Ghana: Continuity in leadership ensures institutional memory. Leaders like Dr. Kwadwo Afari-Gyan transformed Ghana’s electoral system through decades of credible service. Nigeria: Proven leaders in Nigeria are often replaced or sidelined, disrupting institutional growth. This lack of continuity hampers electoral integrity. 5. Technical Training and Implementation Ghana: Well-trained staff ensure smooth BVAS implementation. Rigorous training equips electoral officials to address technical challenges. Nigeria: Training for electoral staff is often inadequate, with allegations of deliberate sabotage during critical moments, such as server failures during elections. This undermines BVAS functionality. 6. Political Will and Stakeholder Commitment Ghana: Political actors in Ghana demonstrate genuine commitment to free and fair elections, ensuring BVAS operates effectively. Nigeria: Political interference in Nigeria undermines BVAS. Stakeholders often manipulate the system to achieve favorable outcomes, further eroding public trust. 7. Adherence to Constitutional Provisions Ghana: Leaders respect constitutional guidelines in appointing electoral officials, ensuring credibility. Nigeria: In Nigeria, constitutional provisions for appointments are often ignored, leading to partisan selections that compromise the integrity of elections. Declining Voter Turnout in Nigeria Voter turnout in Nigeria has been steadily declining, from 69.1% in 2003 to just 26.7% in 2023. This trend reflects growing apathy fueled by distrust in INEC, logistical challenges, and fears of election-day violence. Recommendations for Nigeria To ensure BVAS functions effectively in future elections, Nigeria must adopt the following measures: Conclusion Ghana’s success with BVAS highlights the importance of integrity, accountability, and commitment in electoral processes. For Nigeria to restore public trust, significant reforms must address the human factors undermining BVAS. The 2027 elections will be a litmus test for Nigeria’s commitment to credible and transparent elections. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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Discover the winners of the 2024 oil licensing bid round announced by NUPRC. Learn about Nigeria’s strategic efforts to boost oil production and attract investment under the Petroleum Industry Act. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially announced 25 winners in the 2024 oil licensing bid round. This landmark event, held in Lagos, underscores Nigeria’s commitment to revitalizing its oil and gas sector under the Petroleum Industry Act (PIA). Key Winners from the 2024 Bid Round Prominent players emerged victorious in competitive bids across various categories: Other winners included Petroli Energy Marketing and Supply Ltd. for PPL 269, Sahara Deepwater Resources Ltd. for PPL 270 and PPL 271, and TotalEnergies, which topped PPL 2000/2001 with 126 points, narrowly beating Star Deepwater Petroleum Ltd. Additional Licenses Awarded Licenses were also awarded to sole bidders in categories such as: Future Licensing Rounds and Strategic Focus The NUPRC Chief Executive, Mr. Gbenga Komolafe, revealed plans for the next oil licensing bid round in 2025. This initiative aims to capitalize on lessons learned from 2024 and prioritize: Komolafe emphasized the regulator’s dedication to boosting investor confidence and optimizing Nigeria’s hydrocarbon resources. Driving Industry Transformation The annual licensing rounds, introduced by the NUPRC, aim to position Nigeria as a global leader in oil production. The Petroleum Industry Act’s provisions empower the commission to actively recover unused resources and reintroduce them for productive use through future bidding processes. “This marks a new era for the oil and gas industry in Nigeria. Our commitment remains to grow, preserve, and optimize our hydrocarbon resources,” Komolafe stated. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
