Takaful is a type of Islamic insurance wherein members contribute money into a pool system to guarantee each other against loss or damage. Takaful-branded insurance is based on sharia or Islamic religious law, which explains how individuals are responsible to cooperate and protect one another. Takaful policies cover health, life, and general insurance needs. Takaful insurance companies were…
Turkish high court ruling paves way for Istanbul’s 6th century Hagia Sophia to be reconverted into mosque. A top Turkish court on Friday revoked the Byzantine-era Hagia Sophia’s status as a museum, clearing the way for it to be turned back into a mosque, the Anadolu state news agency has reported. The Council of State,…
In a recent amendment to the Finance Act bill, Nigeria’s Finance Minister, Zainab Ahmed, stated that foreign companies with a significant economic presence in Nigeria are now to pay tax. From the new order, it is now clear that a company does not have to be physically present in Nigeria to pay income tax. Presence…
*FACT CHECK: DO UNIVERSITY PROFESSORS IN SAUDI ARABIA EARN MORE THAN NIGERIAN MINISTERS?* #AlhamduliLlaahForInvestigativeJournalism Abu_Hikmah Jul 7, 2020 On Friday, July 3, Nigeria’s Minister of Communications and Digital Economy, Isa Pantami, said he earned more as a university professor than as a minister. According to Pantami, his “salaries and allowances” as a minister are lesser…
PRESIDENCY STATEMENT ON THE SUSPENSION OF MR. IBRAHIM MAGU A series of documented allegations were made against the Ag. Chairman of the Economic and Financial Crimes Commission (EFCC). Following a preliminary review of the allegations leveled against the Ag. Chairman and several other members of his staff, there were grounds for a detailed investigation to…
A Turkish court ruled today that Istanbul’s iconic Hagia Sophia will be converted from a world-famous museum back into a mosque. The change has long been sought after by Turkish President Recep Tayyip Erdoğan, who signed a decree on Friday opening the building for worship and paving the way for its reconversion to a mosque….