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Fuel Prices Spike In South Africa Despite Tax Relief — Citizens Feel The Heat.

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South Africa has introduced a temporary cut in fuel taxes in an effort to soften the impact of soaring global oil prices linked to tensions involving Iran, even as fuel costs surge sharply across the country.....KINDLY READ THE FULL STORY HERE▶

The government announced on Tuesday that the move is designed to ease the financial burden on consumers amid mounting economic pressure.

In a joint statement, the finance and petroleum ministries revealed that the general fuel levy will be reduced by three rand ($0.18) per litre for a period of one month.

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However, authorities acknowledged that the relief comes with a significant cost, estimating a revenue loss of about six billion rand ($352 million), which they plan to offset through alternative measures to maintain fiscal stability.

Despite the tax reduction, fuel prices are still expected to rise steeply nationwide. Diesel prices could jump by over seven rand per litre—an increase of roughly 40 per cent—while petrol is projected to climb by about 15 per cent.

Paraffin, widely used by low-income households for cooking, heating, and lighting, may see the sharpest spike, with prices expected to soar by as much as 93 per cent.

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The development has sparked concerns about how the government will adjust its budget to absorb the revenue shortfall.

Finance Minister Enoch Godongwana admitted uncertainty over funding, saying he is yet to determine how the gap will be covered.

Meanwhile, the government indicated that it is working on additional measures to support households and key sectors affected by the rising cost of fuel.

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Tinubu Government Increases Allowances, Welfare And Exit Package Of Nigerian Workers.

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The administration of President Bola Tinubu has approved an upward review of peculiar allowances, welfare benefits, and exit packages for civil servants across Nigeria.....KINDLY READ THE FULL STORY HERE▶

This was disclosed on Friday in Abuja by the Head of the Civil Service of the Federation, Didi Walson-Jack, during a press briefing.

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She explained that the adjustment applies to workers under the Consolidated Public Service Salary Structure (CONPSS) as well as the Consolidated Research and Allied Institutions Salary Structure (CONRAISS).

According to her, the revised allowances have been designed to cut across all grade levels, ensuring improved earnings for both senior and junior officers.

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Further details are expected to be released later.

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Oyedele Steps In As Finance Minister, Takes Over National Economy Portfolio.

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Taiwo Oyedele has officially taken over as Nigeria’s Minister of Finance and Coordinating Minister of the Economy following a formal handover from his predecessor, Wale Edun.....KINDLY READ THE FULL STORY HERE▶

The transition, which reportedly took place on Thursday evening, was confirmed in a statement issued by the Ministry’s Head of Information and Public Relations, Efe Ovuakporie.

According to the statement, the handover was concluded within the timeframe set by President Bola Ahmed Tinubu.

In his inaugural address, Oyedele pledged to consolidate ongoing reforms while delivering measurable economic outcomes.

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He said his administration would prioritise fiscal discipline, transparency, and improved performance across key sectors of the economy.

He also expressed his readiness to work closely with staff of the ministry to strengthen efficiency and service delivery.

Oyedele commended his predecessor, Wale Edun, for his role in advancing Nigeria’s economic reform agenda, and thanked President Tinubu for entrusting him with the responsibility.

The Permanent Secretary, Raymond Omachi, alongside the Permanent Secretary (Special Duties), Mohammed Danjuma, welcomed the new minister and assured him of the full support and cooperation of the ministry’s workforce.

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During Edun’s tenure, the ministry implemented several fiscal reforms aimed at improving revenue generation and economic coordination. However, the period also faced challenges, including budget implementation constraints that affected ministries, departments, and agencies.

There were also concerns over outstanding payments owed to pensioners and contractors during the same period.

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Court Orders Arrest Of Abuja Lawyer, Police Officer Over N300m Eviction Dispute.

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A High Court of the Federal Capital Territory (FCT), sitting in Maitama, has issued a bench warrant for the arrest of an Abuja-based lawyer, Victor Giwa, and a police officer, Edith Erhunmuuse, after they failed to appear in court.....KINDLY READ THE FULL STORY HERE▶

The two defendants were scheduled to be arraigned alongside another accused person, Cecil Osakwe, on a nine-count charge marked FCT/HC/CR/222/2023, filed by the Office of the Attorney General of the Federation (AGF).

They are accused of criminal conspiracy involving the alleged forceful eviction of occupants and damage to property valued at about N300 million.

When the matter was called on Friday, the prosecution counsel, Aderonke Imana, told the court that although the charge was filed in January 2023, arraignment had repeatedly stalled due to what she described as a consistent pattern of absence by the defendants.

She argued that neither the first nor second defendant had consistently appeared in court or informed the prosecution of their absence, insisting that a bench warrant was necessary to compel attendance.

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However, counsel to Victor Giwa, Ogbu Aboje, opposed the application, informing the court that his client was absent due to illness and had submitted medical documentation to support his condition. He also urged the court to hear a pending application before proceeding further.

He asked the court to excuse Giwa’s absence, citing health challenges as the reason for his non-attendance.

In response, the prosecution maintained that arraignment is the proper starting point of any criminal trial, adding that any proceedings before it would be invalid.

The prosecution therefore urged the court to issue a bench warrant to ensure the defendants appear for arraignment.

The third defendant, Cecil Osakwe, was present in court with his lawyer, Farouk Akanbi.

Delivering her ruling, Justice Samira Bature granted the prosecution’s request and ordered the arrest of Victor Giwa, stating that the explanations and medical documents presented amounted to deliberate delay tactics.

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The judge noted that the case had suffered repeated delays since it was first filed in 2023 and commenced before her court in July 2024, lamenting that arraignment had still not taken place nearly two years later.

Justice Bature stressed that courts are not venues for delay tactics, adding that the defendants had shown disregard for the judicial process by failing to appear for arraignment.

She further ruled that all pending applications could only be considered after proper arraignment, stating that the court’s jurisdiction in criminal matters becomes fully activated only after that stage.

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