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From Heroes’ Tribute To Economic Shifts: A Week In Nigeria’s Unfolding Drama

The week commenced in honour of celebrating our fallen heroes as Nigeria celebrated the Armed Forces Remembrance Day (AFRD), to celebrate the servicemen for paying the supreme sacrifice to protect the sovereignty of Nigeria.

Lagos State Internal Revenue Service (LIRS) issued a stern reminder: Companies must submit annual tax returns by January 31, 2024, or face penalties.

In the mining sector, Shell Plc agrees to sell Nigerian onshore oil assets for over $1.3 billion to a local consortium.

While Dangote Group revealed seven major oil marketers registered with the $20bn plant and Investors recorded a significant gain post- Refinery operations, the Nigerian National Petroleum Company Limited (NNPCL) is seeking to transfer the operations of the Port Harcourt Refinery to private entities in order to boost its efficiency and productivity.

Despite President Tinubu’s reassurances of economic recovery post-fuel subsidy removal, the Naira continues its free fall, accompanied by a rise in the inflation rate.

Transcorp Hotels Plc, crossing N1 trillion market capitalization, joins the prestigious SWOOTs group alongside Airtel, Dangote Cement, and others.

As Minister of the Federal Capital Territory (FCT), Nyesom Wike ordered security agencies to track and apprehend criminals responsible for vandalizing streetlights in Abuja, the Minister also held an emergency meeting with the security agencies in the territory over the Kidnappings in the Capital.

It seems the meeting paid off as five of the six Al-Kadriyar sisters who were abducted from the Bwari area of Abuja in early January have regained their freedom.

The FCT Police Command also addressed the alleged kidnapping incident in River Park Estate,Lugbe, stating that the news is false.

FAAN, on the other hand, moved it’s headquarters from the Federal Capital Territory to the country’s commercial capital; Lagos state.

In Nigeria’s commercial centre, Governor Babajide Sanwo-Olu of Lagos State signed the 2024 Appropriation Bill into law. Soon after, the state also warned consumers of fried plantains popularly known as “plantain chips,” to beware of food poisoning.

Still in South-Western Nigeria, A mysterious explosion rocked Ibadan, capital city of Oyo State.

Although Governor Seyi Makinde says the Ibadan explosion, was caused by illegal miners, Federal Government says it is waiting for the findings of a forensic investigation into the recent Ibadan explosion before making a pronouncement.

National Agency for Food and Drug Administration and Control (NAFDAC) issued a public alert on counterfeit Arla Dano Milk Powder in circulation.

United Kingdom Government has released a list of licensed companies and organisations that are approved to sponsor the relocation of skilled workers.

On a victorious note, A New Jersey court in the United States ruled that assets worth around $8.9 million stolen by government officials in Nigeria around 2014 can be returned to Nigeria.

Tinubu, Buhari, and Aisha Buhari unveil “Working With Buhari” by Femi Adesina, The book revealed why Former President Muhammadu Buhari didn’t sack Godwin Emefiele, despite speculations about Emefiele’s presidential ambition.

Emefiele also got a little breathing space when the FCT High Court granted him permission to travel out of Abuja but not the country.

On party and political stories, FCT Police arrested and detained the National Chairman of the Labour Party (LP), Julius Abure over alleged fraud linked to the party’s governorship primary in Plateau State.

Dr. Asue Ighodalo declares interest in Edo State governorship on the platform of the Peoples Democratic Party (PDP) ahead of the February 22, 2024, while Ize-Iyamu prepares to pick his form.

In technology, Google introduces AI-powered search functions,and on the local telecommunication level, NCC resolves MTN-Globacom interconnect debt.

Central Bank of Nigeria (CBN) says it paid approximately $2 billion across various sectors, including manufacturing, aviation, and petroleum in its bid to clear the backlog of outstanding foreign exchange liabilities.

Actor Alec Baldwin faces manslaughter charges in the “Rust” film set incident.

Unilever Nigeria Plc announced that it has stopped the production and sale of home care and skin cleansing products, coming about 10 months after it announced plans to exit both markets.

Nobel Laureate, Prof. Wole Soyinka expresses concern over Nigeria’s social media decay, urging intellectuals to intervene.

In a shocking statement, Presidential Tax Chairman Taiwo Oyedele suggests training area boys for tax collection,and paying them decent salaries to forsake their old ways.

To wrap-up the week, the NDLEA diligently intercepted cocaine and Colorado shipments at Tincan Seaport.

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