‎‎NAF RECEIVES FIVE NEW HELICOPTERS AS FG ACCELERATES AIRPOWER MODERNISATION. (PHOTO).

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 ‎‎NAF RECEIVES FIVE NEW HELICOPTERS AS FG ACCELERATES AIRPOWER MODERNISATION ‎ The Nigerian Air Force (NAF) has taken delivery of five new helicopters as the Federal Government accelerates efforts to modernize Nigeria’s airpower capabilities and strengthen the Armed Forces’ capacity to respond effectively to contemporary security challenges.  ‎ ‎A statement by the Director of Public Relations and Information Air Commodore Ehimen Ejodame indicates that the platforms comprise three AW-109 Trekker B helicopters  and two H-125 helicopters. ‎ The three AW-109s, which form part of 10 recently acquired by the Federal Government, were received in Lagos on 15 September 2026, with the remaining seven expected to be delivered before the end of 2026. ‎ ‎The Chief of the Air Staff, Air Marshal Sunday Aneke, described the acquisition as another significant milestone in the Federal Government’s sustained investment in the modernization and re-equipment of the NAF noting that the new pl...

105 COMPANIES GRANTED TAX WAIVERS IN Q4 2024 — NIPC. (PHOTO).


 105 Companies Granted Tax Waivers in Q4 2024 — NIPC


The Nigerian Investment Promotion Commission (NIPC) has announced that 105 companies were granted corporate income tax waivers under the Pioneer Status Incentive in the fourth quarter of 2024.


According to the NIPC’s Q4 report, the beneficiaries, including Dangote Fertilisers, Mikano International, Dufil Prima Foods, and Edo Refinery, collectively invested over N2.4 trillion.


The pioneer incentive offers qualifying firms a three-year tax holiday, extendable by up to two years, to stimulate industrial growth.


As of December 31, 2024, NIPC received 19 new applications, approved extensions for eight companies, and granted 22 fresh approvals.


While the report did not disclose the total value of the waivers, authorities have flagged concerns over the rising cost of tax incentives, which reportedly amount to about N6 trillion annually.

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