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Jan 16, 2025 | 
theafricareport.com | Eniola Akinkuotu
At 85, Razaq Okoya is a household name in Lagos, Nigeria. He has been praised in many classical Yoruba songs dating back to the 1970s due to his exploits in the manufacturing sector which has brought him immense wealth. However, he was only recently introduced to a new generation of Nigerians by his sons who are social media influencers and aspiring artists. Get full access to The Africa Report
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Jan 10, 2025 | 
theafricareport.com | Eniola Akinkuotu
Nigerian business tycoon Femi Otedola is enmeshed in a corporate war with media baron Nduka Obaigbena over a controversial $718m deal involving the Otedola-led First Bank of Nigeria and Obaigbena’s oil firm, General Hydrocarbons Limited. Get full access to The Africa Report
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Dec 11, 2024 | 
theafricareport.com | Eniola Akinkuotu
The president plans to merge all 63 agencies into a single agency that will effectively be in charge of collecting all funds on behalf of the government to ensure better transparency in Nigeria’s tax system. The proposed single agency known as the Nigerian Revenue Service (NRS) is expected to possess more powers than any other Nigerian government agency in history.
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Dec 9, 2024 | 
theafricareport.com | Eniola Akinkuotu
Nigerian police are seeking to freeze 601 accounts as part of an investigation into 9,633 erroneous transactions after payment processing platform Flutterwave suffered a breach in 2023, The Africa Report can confirm. As N21.2bn ($21.2m) in unauthorised payments were made by point of sale merchants on 12 and 13 October 2023, Flutterwave asked Wema Bank to place a hold on settlement accounts and reached out to other banks to halt further transactions, according to an internal police memo.
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Dec 5, 2024 | 
theafricareport.com | Eniola Akinkuotu
By Eniola Akinkuotu Reserved for subscribers Posted on December 5, 2024 15:59
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Dec 3, 2024 | 
theafricareport.com | Eniola Akinkuotu
Shortly after his inauguration as the Speaker of the Lagos State House of Assembly, Mudashiru Obasa made it clear that henceforth, the state parliament would make laws that would protect the Yoruba people in the state. Get full access to The Africa Report
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Nov 29, 2024 | 
theafricareport.com | Eniola Akinkuotu |in Abuja
Senator Mohammed Ali Ndume is a member of Nigeria‘s ruling All Progressives Congress (APC). However, unlike his colleagues in the APC, he refuses to toe the party line, positioning himself as an activist and rebel. After submitting four tax proposals to parliament last month to further his economic reforms, President Bola Tinubu expected the bills to be swiftly passed like his previous proposals because the leadership of the National Assembly were his loyalists.
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Nov 28, 2024 | 
theafricareport.com | Eniola Akinkuotu |in Abuja
When American lobbying firm Ballard Partners announced in June 2023 that it was setting up shop in Africa with former Nigerian information minister Lai Mohammed as its managing partner, not many in Nigeria’s political space understood the full implication. But with US President-elect Donald Trump returning as the world’s most powerful politician, the picture is becoming clearer among those within Africa’s corridors of power. Get full access to The Africa Report
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Nov 28, 2024 | 
theafricareport.com | Eniola Akinkuotu
An employee of the Indimi family tells The Africa Report that while some of these marriages are arranged, some of them were entered into as a form of competition between the 20 Indimi siblings. “It’s almost like ‘my husband is richer than yours’,” the employee tells The Africa Report. Get full access to The Africa Report
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Nov 22, 2024 | 
theafricareport.com | Eniola Akinkuotu
Who is President Bola Tinubu’s official spokesperson? This is the question many Nigerians have been asking since Henry Dele Alake resigned as the president’s sole spokesman to take up an appointment as minister of solid minerals in the cabinet. Since Alake’s exit, there has been a supremacy battle between him and Tinubu’s influential son, Seyi, over control of the president’s communications Get full access to The Africa Report
