NewStats: 3,264,988 , 8,185,275 topics. Date: Friday, 13 June 2025 at 04:42 AM 4p1m5g

Looks like political witch hunt. Next general election will be interesting.

This is typical with Samsung. It happened to my S20 ultra and I had to change the screen. It gets worse, so brace yourself

If they actually follow through with this policy, alot of VCs will get indicted. These VCs run our higher institutions like their private property.

All these propaganda because he is making it difficult for corrupted entities to carry out business as usual.
FreeElon

President Bola Tinubu’s Tax Reform Bills, submitted to Nigeria’s National Assembly in October 2024, aim to overhaul the country’s tax system through four key pieces of legislation: the Nigeria Tax Bill 2024, Nigeria Tax istration Bill, Nigeria Revenue Service (Establishment) Bill, and t Revenue Board (Establishment) Bill.
Here’s a summary:

1. Nigeria Tax Bill 2024: Consolidates taxes, exempts low earners (below ₦800,000/year) and small businesses (turnover ≤ ₦50 million), reduces corporate tax from 30% to 25%, and raises VAT from 7.5% to 15% by 2030. It shifts VAT sharing to favor states based on consumption (60%), introduces a 5% telecom tax, and prioritizes federal tax authority over conflicting laws.

2. Nigeria Tax istration Bill: Standardizes tax processes across government levels, mandates digital filing, and increases penalties for non-compliance.

3. Nigeria Revenue Service Bill: Replaces the FIRS with the Nigeria Revenue Service to centralize tax collection, including royalties and excise duties.

4. t Revenue Board Bill: Creates a board to coordinate federal and state tax efforts.


Goals: Simplify taxation, boost revenue (targeting 18% tax-to-GDP by 2026), promote equity, and stimulate growth.

Status: ed the House by March 13, 2025, with Senate approval pending after debates.

Controversy: Northern states oppose the VAT formula for favoring richer regions, though the reforms exempt essentials and aim to fund public services. Success depends on effective implementation and addressing regional disparities.

panpan:
Why did he waive extradition?
Extradition treaties between the United States and other countries only work in one direction.

I thought i was the only one that saw that. He has better chance to get less or no prison sentence in Nigeria than the US

Did he actually waived extradition or he was coerced?

Thieves should be allowed in churches but not people that steal.
Christianity and hypocrisy na 5&6

A case of schizophrenia but I trust my African brethren to run with the stories

Train dey for you

Exactly how he got rich. No sentiments in business. Smart move

That is debris from a failed spaceX mission. Hopefully there are no damages to human and properties on impact.

I am a big advocate for getting what you deserve but in this situation, if the employee is let go, it's not a bad decision from the boss because this is not a good attitude from anybody, employee or not.
It was a gift not an entitlement. A simple thank you wouldn't hurt anybody.

Shey if the boss stop giving this entitlement because of one person, they will call him a bad employer.

the story of the palm oil and fingers? Yes.

Same thing happened around this time last year. I argued that the naira will continue to appreciate. I learnt the hard way.

Buy usd now because when naira start to fall, it will be bloody.

Grown man like you, you are are having problem Upandan and you expect your wife to save you everytime because she is in the Army. Oga grow up.

I'm barely 30 and I can't i the last time I have issues to even involve the police.

When your wife don't respect you or take you serious anymore, you go begin shout "this is not the woman I married", "she has been corrupted by feminist and westernised "

Make we try dey avoid some kind embarrassment that will bring our union and family shame.

PEACE!

If someone complains about your driving, you are not a good driver.

Driving 101: Always make sure your engers are comfortable when you are driving.

Get samsung airbuds 3 pro and thank me later.

Divide and conquer.
It is very obvious what this memo is intended for.
Apc is working overtime to destroy the opposition instead of improving the welfare of Nigerians.

I don't understand some of my fellow Nigeria men.
Food wey you go follow chop!
But it's okay to buy it if you live with your friend but not for the woman you love, your wife or the mother of your kids.
You wonder why your relationship no dey work na because you no dey put effort.

Ozempic.

I have read many of his post and he is direct and honest. I never met him but respected him.
May your gentle soul rest well Gazzuzz.

The Australian port is among the top five most powerful in the world, according to new rankings, with the number of destinations those who hold it can access visa-free having grown.

Australia placed t fifth alongside Portugal in the 2024 Henley port Index, up from t eighth spot last year.

The Australian port is now ranked higher than that of the United States, which fell from t seventh position to eighth — a continued decline it has experienced since tly topping the list with the United Kingdom a decade ago.

The Henley port Index — created by Henley & Partners, a London-based investment migration consultancy firm — uses data from the International Air Transport Authority to compare the visa-free access of 199 nations' ports to 227 destinations.

The most powerful port — and how Australia compares

Tied for fifth place, Australian and Portuguese port holders can access 189 destinations without a visa — or with a visa, visitor's permit or electronic travel authority (ETA) they can obtain upon arrival.

However, that's six fewer countries that holders of the most powerful port, Singapore, can access visa-free.

Singaporeans can access 195 destinations without prior visa authorisation — a figure which has seen them reclaim the top spot it last held tly with Japan in 2022.

Japan ranked first in 2023, but this year placed equal second alongside , , and Italy. Holders of these ports can access 192 destinations visa-free.

Austria, Finland, Ireland, Luxembourg, the Netherlands, South Korea, and Sweden were all in third spot with visa-free access to 191 countries.

Meanwhile, New Zealand, Denmark, Belgium, Norway, Switzerland and the United Kingdom were able to access 190 destinations without a visa — a score that saw them rank equal fourth.

Which ports are the weakest?

In 103rd place was the Afghan port, which again ranked at the bottom of the list with visa-free access to just 26 destinations — the lowest score ever recorded in the index's 19-year history.

Syria placed 102nd with a visa-free score of 28, while Iraq was ranked 101st with a score of 31.

Rounding out the five weakest ports were Yemen and Pakistan, both ranked 100th with access to 33 destinations visa-free; Somalia in 99th place with visa-free access to 35 destinations; and Nepal and Libya in 98th position with a visa-free score of 39.

"The general trend over the past two decades has been towards greater travel freedom, with the global average number of destinations travellers are able to access visa-free nearly doubling from 58 in 2006 to 111 in 2024," said Henley & Partners chairman Christian Kaelin in a statement.

"However, the global mobility gap between those at the top and bottom of the index is now wider than it has ever been, with top-ranked Singapore able to access a record-breaking 169 more destinations visa-free than Afghanistan".


Would the NIGERIAN PORT ever get to top 10 powerful ports in the world?

Exousiang01:
Sometimes when we blame politicians for things like this we are just 50% right.....

We have seen situations where contractors are paid and they choose to do shitty jobs.
If not that tge current minister of Works is a civil engineer most of the roads and contractors he has been complaining about we would never have known.

Kalu is not an engineer so he may even visit the site for inspection and not notice anything.

These contracctors can be wicked....

Kalu may not even have an idea that the contractor did a shabby job till now

Kalu owns a construction company. He knows exactly what is happening on that road. He is just a typical Nigeria politician that don't care about the masses just their pockets and that of their families.
I was in Umuahia when he was the governor. He was a terrible leader

Exousiang01:
Sometimes when we blame politicians for things like this we are just 50% right.....

We have seen situations where contractors are paid and they choose to do shitty jobs.
If not that tge current minister of Works is a civil engineer most of the roads and contractors he has been complaining about we would never have known.

Kalu owns a construction company. He knows exactly what is happening on that road. He is just a typical Nigeria politician that don't care about the masses just their pockets and that of their families.
I was in Umuahia when he was the governor. He was a terrible leader.

Kalu is not an engineer so he may even visit the site for inspection and not notice anything.

These contracctors can be wicked....

Kalu may not even have an idea that the contractor did a shabby job till now

Victony and Asake

y3mi:

The thread is littered with so much childish comments I almost wanted to exit till I saw yours. It indicate the low calibre of kids with no sense of decorum, hygiene and self-standard swarming Nairaland. Imagine one kiddo saying he doesn't know it's a wrong habit to squeeze paste from the middle. Tells a lot about today's generation. Hence I always say Africans just copied westernism in a warped form. They call me afinju whenni was a kid just so you know how intolerant of uncleanness I was to a chronic level, those who knows what afinju means would understand how afinju just can't stand the tiniest of dirt, not to take of filth. We don't get comfortable and can't proceed well with an activity unless we sweep that floor several times, clean that dirt of the table before I can touch the mouse. I when living in an area filled with red muddied sand that I always washed the white sole of my converse sneakers so much every time that folks I didn't know where noticing it and one day gave compliment that they have never seen me with a dirtied shoe, I naturally sweat a lot so I sometimes pull off as when the discomfort gets unbearable, one day a woman joked at me that I wouldn't have done that if my white boxer was dirty. Impying I was showing off. I gave her a cynical look that suggests she is not to be blamed na, she's so much used with males with dirty boxers.

The only moment I can be found smeared with dirts and dusts is when the hustle or grind demands it like an oil-rig worker getting his hands soiled just to earn that mullah.

Personally I will judge you personal hygiene by my own standards. Privately, I can't tolerate egbin and I don't need no Whiteman to tell me cleanliness is next to godliness.

Ps
All the guys needlessly attacking the females here are suffering from deep seated insecurity. Like WTF are you hypocrites concerning yourselves with their sexuality or matrimonial desire. Stay on the topic by sharing your view or JGTFO!

I have not read something quite long and enjoyed it in a while. Well said

Portable don go buy Habbyfx house.
Alaye, that place go contain all your wifes and kids!?

Is the Rwandan people happy to let their land be home to deportees who could potentially be criminals.

Why not the UK government send them back to their home countries if you can't accommodate them?

Something is not right here

Welcome to the land of hardworking and welcoming people. You will love it here

jeejo:
I understand that what I am about to explain will earn me insults from a selected few individuals because the same culprits are active here on Nairaland, so I am ready for that as well.

If you go to Binance P2P, there is a heavy manipulation going on there, and from my deductions, most of the big Binance P2P Merchants are united in carrying out this manipulation. Some of them even have over 2 Million dollars worth of USDT in their Binance P2P Funding which begs the question whether these people are truly Nigerians or probably foreigners making money from destroying the Nigerian economy.

Many people might not understand the strategy these merchants use, therefore, I will try to break it down.

This is how the manipulation works:

1. Lets assume that the Naira to Dollar is currently exchanging at the Parallel market for 1,500 Naira. On Binance P2P, the group of Merchants will create multiple fake ads claiming that they will buy your USDT for 1,700 Naira(way above the parallel market price). I call these ads "fake" because they will set a minimum limit above 5Million naira, which means if you want to sell your USDT to them at this exorbitant rate that they created, you must be selling a usdt value worth over 5Million Naira at once. This strategy works in filtering out majority of average Nigerians that want to sell their USDT to these Merchants. Meaning these fake ads will remain at the top of the p2p "sell" section for as long as these group of Merchants want it to remain. And if by chance someone who has enough USDT to meet the minimum limit decides to sell to these merchants, they will simply cancel the trade, and create another ad.

2. Now because these group of merchants have filled the P2P "sell" section with these fake ads claiming to buy your USDT at an exorbitant rate of 1,700 NGN, they have automatically shifted the P2P price of Naira to USD to 1,700 Naira, and now they will be selling their USDT to the public under the "buy" section above 1,700 Naira. Now - unlike the fake ads they created with a minimum limit that is above 5Million Naira to discourage sellers for selling to them at this high rate - when they are selling their USDT at this already manipulated price, you will find limit as low as 4,000 Naira because they want to sell to the Public at the exorbitant price they created.

Binance P2P is the new AbokiFx where BDC operators get their current price of Dollar from. The fake price originating from there is in turn used by the BDC operators to set their Dollar selling prices even without any corresponding demand. But the interesting part is that these BDC operators won't buy from you at any rate close to the exorbitant price they are selling the dollar to you.
Here in Benin city, even though the parallel market price of Naira is above 1,600 Naira, the Abokis hardly buy your dollar for above 1,500 Naira but they will sell to you only above 1,700 Naira.

Some people might argue that if Binance is to blame, how come the official exchange rate is now above 1,500NGN to 1 USD? The answer to that is simple. Each time the rate in the Parallel market moves up, the CBN is forced to also adjust official rates upwards in order to close the gap between both windows or else the black market rate will be too wide that it will create an irresistible opportunity for round-tripping.

There is a huge rot in the entire BDC system in Nigeria that I don't think this CBN governor has any idea how deep it really goes.


Update: It appears the Nairaland s in business section do not like this post because they banned my alternate Moniker for 4 days after making this post there.

Solid analysis 👌

immortalcrown:
Did you do basic Economics in secondary school? Cost of living is not higher in those countries because cost of living is measured in relation to per capita income. What is the wage per hour in those countries? Minimum wage in Nigeria is ₦30,000 per month, which is less than ₦145 per hour. Do you earn as low as this per hour in those countries? You are quick to say that ₦1,500 can get breakfast and lunch in Nigeria. But are you aware that it takes more than 10 hours to make that amount based on 30k as the minimum wage in Nigeria? So, how many hours will you work in a day in Nigeria to afford the third meal (dinner) for the same day and to settle other daily expenses?

Your comparison is wrong. Explain why a Nigerian who works as a driver in those countries affords the high cost of living in those countries and still affords to buy land and build houses in Nigeria but university lecturers in Nigeria struggle to pay rents in the same Nigeria. Many lecturers in America enjoy higher standards of living than lecturers in Nigeria. Many pensioners in Nigeria slump while struggling to get their pensions. Does it happen that way in those countries? A soldier's salary in Nigeria can't transport him to his village and back to his duty post within the same Nigeria. Does it happen in those countries? Explain these situations if you think your comparison is right. Have you also looked at the balance of payments in those countries and the countries' foreign reserves? Compare them to Nigeria's balance of payment and Nigeria's foreign reserve.

The countries you compare to Nigeria import almost every raw material they use in production. Nigeria has almost every raw material. Why can't Nigeria process the raw materials in Nigeria, make the finished products cheap for Nigerians and also export the finished products? Those other countries import raw materials from Nigeria and export the finished goods to the same Nigeria but you are too blind to understand the situation. The cost of living you praise in Nigeria is mediocrity. Cost of living can be way cheaper in Nigeria if Nigeria is as prudent as the countries you compare to Nigeria.

Don't compare countries that are not equal in of natural resources and population. Your logic is like using the price of cement in countries that import cement to justify the price of cement in Nigeria that is naturally blessed with cement. Nigeria has cement and the cement is this costly. Imagine what will happen if Nigeria doesn't have cement.

It is this your logic that some people used to justify increase in fuel price during Buhari's regime. Those people just said fuel was costlier in many other countries. But they didn't explain if those other countries export crude oil like Nigeria. Nigeria has crude oil and fuel is this costly. Imagine what will happen if Nigeria doesn't have fuel.

Even if cost of living is higher in those countries, have you considered lower availability of natural resources in those countries? Yet, those countries manage to build better roads, better hospitals and better schools for you. The leaders of those countries do not waste or embezzle their resources as much as Nigerian leaders do.

But in Nigeria, there are more natural resources, no good roads, not many good schools and not many good hospitals. Imagine what the cost of living in Nigeria will be if Nigeria doesn't have much natural resources and if Nigeria has good raods and steady power supply. Nigerian leaders waste or embezzle Nigerian resources.

In conclusion, Nigeria is worse than those countries. No good roads, steady electricity and water, but house rent is very high.

Well said. Stay in class, they are busy chasing girls. Common sense is not common anymore.

Mr X indeed. Follow the money. Real Estate, No?

Rip to the dead.