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KRA retains 8 percent tax on employee welfare benefits despite CBK rate cut
Business

KRA retains 8 percent tax on employee welfare benefits despite CBK rate cut

This is the first time in five quarters that the tax rate has remained unchanged despite a cut in the CBK’s Central Bank Rate (CBR). The CBK lowered the CBR to 9.25 percent from 9.50 percent on October 7, 2025, extending a monetary policy easing cycle that began in August last year and has reduced the rate by a total of 3.75 percentage points.

Deadly fuel tanker explosion claims over 40 lives in Niger State
Global Affairs

Deadly fuel tanker explosion claims over 40 lives in Niger State

Abdullahi Baba Ara, head of the Niger state emergency service, confirmed that 52 people with various injuries are receiving treatment at a local hospital. Witnesses said the blaze erupted immediately after the tanker overturned near the Essan and Badeggi communities along the Bida-Agaie road in Katcha Local Government Area.

Treasury flags risk of billions in counties using private revenue systems
Business

Treasury flags risk of billions in counties using private revenue systems

The Treasury report underscores that such dependency undermines accountability and financial efficiency, making it difficult for counties to achieve self-sufficiency through own-source revenue. Despite setting ambitious collection targets, many counties continue to fall short, relying heavily on national government transfers to fund their operations.

Cameroon election complaints dismissed as opposition rejects results
Global Affairs

Cameroon election complaints dismissed as opposition rejects results

The Constitutional Council rejected eight appeals, citing either insufficient proof or a lack of jurisdiction to nullify the election. Opposition candidate Issa Tchiroma Bakary, 76, who once served as a government spokesperson, has proclaimed himself the winner, a claim dismissed by allies of President Paul Biya, 92, who is seeking a seventh term.

Lecturers reject SRC’s pay proposal for 2025–2029 CBA
Education and Career

Lecturers reject SRC’s pay proposal for 2025–2029 CBA

In a letter dated October 21 and addressed to SRC Acting Secretary and CEO Margaret Njoka, Uasu Secretary-General Constantine Wasonga said the union had completely rejected the IPUCCF’s counter-offer, which was based on guidelines issued by the commission.