President Bola Tinubu has approved a new withholding tax policy to replace the old policy established in 1977.    Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele announced this on Tuesday, July 2.   The new withholding tax policy introduces significant reforms designed to alleviate the heavy burden that the previous system imposed on farmers and Small and Medium Enterprises (SMEs).    According to Oyedele, the updated regime addresses several long-standing challenges and introduces specific provisions, including that small businesses will now be exempt from withholding tax compliance, reducing their administrative and financial burdens; businesses with low profit margins will benefit from reduced withholding tax rates, easing their cash flow and operational costs and producers, particularly farmers, will receive exemptions, fostering growth and sustainability in these critical sectors.   Others are the new measures aim to enhance compliance and re

  US President, Joe Biden has described the Supreme Court's immunity decision as 'dangerous' and said it would embolden former President Donald Trump if the Republican is reelected. Biden made the statement at the White House's Cross Hall on Monday night. He warned that the conservative-leaning court 'fundamentally changed' a bedrock principle of the nation and pushed the American people to reject Trump in November at the ballot box. This nation was founded on the principle that there are no kings in America,' Biden said.  Today's decision almost certainly means that there are virtually no limits on what a president can do,' he continued. 'This is a fundamentally new principle and it's a dangerous precedent.'  'The only limits will be self-imposed by the president alone,' he warned.  The Court's 6-3 ruling practically insured that Trump wouldn't face another trial before the November election after being convicted in New Y

Sixty-three per cent of Nigerians, or 113 million Nigerians remain multi-dimensionally poor, Princess Adejoke Orelope-Adefulire, the Senior Special Assistant to President Tinubu on Sustainable Development Goals, SDGs has said..   Adefulire made the statement during an advocacy and sensitization campaign in Kano and Ondo states on Monday, July 1, noting that the global community was way behind in achieving the SDGs. Adefulire’s statement comes after the Multidimensional Poverty Index Report (2022) and the National Bureau of Statistics’ Multiple Indicator Cluster Survey Report (2022) revealed significant leves of poverty across states and geopolitical zones, with the north having a higher poverty rate than the south. Adefulire said: “The global community is lagging behind in efforts to attain the Sustainable Development Goals, and Nigeria is facing various challenges. ”Therefore, it’s imperative for all stakeholders, particularly state and local governments, to accelerate progress. “Nige