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Federal Government Suspends Implementation of Annual Dues
The Federal Government has announced a temporary suspension of the implementation of annual dues imposed on public interest enterprises by the Financial Reporting Council (FRC). This decision follows concerns raised by industry stakeholders over the financial impact of the new charges.....KINDLY READ THE FULL STORY HERE▶
The Minister of Industry, Trade, and Investment, Jumoke Oduwole, made the announcement during a Ministerial Consultative Meeting on the FRC Annual Dues for Public Interest Enterprises held in Abuja on Wednesday. The meeting was convened in response to multiple official complaints from industry representatives regarding the contentious policy.
Oduwole explained that the suspension was prompted by objections from key members of the organized private sector, including the Nigerian Employers’ Consultative Association (NECA) and the Manufacturers Association of Nigeria (MAN). These groups expressed concerns about the Financial Reporting Council (Amendment) Act 2023, which imposes cumulative annual charges on non-listed entities.
A major point of contention in the Act is a provision that enforces a 10% penalty on unpaid dues for every month of default, accumulating until full payment is made. Stakeholders argue that this penalty is excessively punitive and poses a significant burden on businesses.
During the meeting, representatives from NECA, MAN, the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), the Oil Producers Trade Section (OPTS), and the Association of Licensed Telecommunications Operators of Nigeria (ALTON) voiced their objections. They emphasized that the new dues would further strain businesses, particularly amid current economic challenges.
In response, Oduwole confirmed that the government has directed the Financial Reporting Council to temporarily pause the implementation of the annual dues. She stated, “The government has decided to direct the Financial Reporting Council to pause in the implementation of the new annual dues. While a suspension request by the organized private sector would contradict legislation passed by the National Assembly, a pause is an administrative measure to reassess the situation based on today’s discussions.”
The minister clarified that the suspension would not exceed 60 days. *“We are a listening administration. The private sector has requested a
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3. “Donald Duke is Better Than All Of Them”: Baba-Ahmed Explains Why PRP Is Shaking Up The 2027 Race!
The National Chairman of the People’s Redemption Party (PRP), Dr. Hakeem Baba-Ahmed, has asserted that the party is exceptionally fortunate to feature former Cross River State Governor, Donald Duke, as its presidential candidate for the upcoming 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
A Strong Endorsement for Donald Duke
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Surpassing Competitors: Speaking during an interview, Baba-Ahmed confidently stated that, candidate for candidate, Donald Duke outperforms all other presidential contenders currently in the political space.
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Integrity and Capability: He described Duke as part of a visionary leadership blueprint aimed at thinking critically, restoring national dignity, exhibiting true integrity, and offering young Nigerians a leadership style they can genuinely look up to.
The Strategic Push for an Opposition Coalition
Despite possessing what he considers the superior candidate, Baba-Ahmed explained why the party is actively championing a broader political alliance:
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Consensus Over Ego: The PRP chairman emphasized that the party’s push for a mega-coalition is driven by consensus and constitutional processes rather than forcing Duke’s candidacy through on profile strength alone.
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Defeating Fault Lines: Framing the 2027 election as a critical turning point for the nation, Baba-Ahmed noted that the stakes go far beyond individual party ambitions. The coalition aims to unite likeminded opposition forces to rescue Nigeria from its current trajectory and bridge its deep fault lines.
Norway national team manager Ståle Solbakken has firmly denied allegations that Manchester City pressured him to shield star striker Erling Haaland from questions concerning the club’s financial breach case during international duty.....KINDLY READ THE FULL STORY HERE▶
Media reports had previously claimed that club officials intervened behind the scenes to restrict Haaland’s media exposure. However, speaking to TribalFootball, Solbakken rejected these accusations entirely, emphasizing that Manchester City had no influence over his handling of media duties. He noted that the last time he ever discussed media matters with the club was during Haaland’s transition from Borussia Dortmund to Manchester City.
Key Highlights from Solbakken’s Statement
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Solbakken labeled the rumors a “lie,” stating that such claims compromise his personal integrity and his commitment to honesty with the national team.
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The manager clarified that the choice to exempt Haaland from specific media obligations was entirely his own decision, made without informing or consulting either Haaland or Manchester City.
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Expressing frustration over persistent club-level controversies overshadowing international windows, Solbakken urged journalists to focus on Haaland’s athletic performance on the pitch rather than fabricated cover-up stories.
Nigeria’s Minister of Regional Development, Engr. Abubakar Momoh, has called on African engineers and governments to adopt stronger engineering standards, prioritise regular maintenance and deepen regional cooperation in developing infrastructure capable of meeting the continent’s growing needs.....KINDLY READ THE FULL STORY HERE▶
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