General News
Propertymart Boosts 14 SMEs with Cash Grants in Valentine’s Promo
Palton Morgan, through its leading subsidiary, Propertymart Real Estate Investment Limited, has affirmed its commitment to the empowerment of Small and Medium Enterprises (SMEs) by supporting them with N100,000 cash grants as it redeemed its promise to the 14 SMEs that emerged winners from its Valentine’s Day promo tagged ‘Propertymart SMEs Valentine’s Grant’ held earlier in the year.
The online campaign which held between February 14 and February 28 had participants sending in sone-minute video describing their businesses, their inspirations, and how a grant of N100,000 will impact them. Entries were judged based on the compelling startup stories, the proposed best use of the N100,000 grant, and the level of engagement on social media.
The winners who met all the criteria were announced in March 7 and received their prizes recently at Palton Morgan Head Office in Victoria Island.
Speaking while presenting the cheques to the winners, Nidal Turjman, Group Chief Operating Officer, Palton Morgan Holdings, highlighted the importance of giving back to society and disclosed the idea behind the initiative.
“We understand that the SME segment is an important sector of the economy, and we wanted to acknowledge them for their brilliant ideas.
“The initiative started with our key objective to motivate them and is a part of our corporate social responsibility. We are not looking for only profit; we are also giving back to the society by helping SMEs,” said Turjman.
“We hold our word in high regard, and we are happy that the winners have all received their grant. We will continue to encourage SMEs, not only on valentine’s day but anytime in the year. That is the least we can do for society,” he added.
Sharing their happiness after receiving the grants, the winners appreciated Palton Morgan’s gesture, disclosing that it means a lot to them and their business growth.
Temiloluwa Ajet, who runs a male fabrics business, said, “This was a pleasant surprise, and I wish to express my appreciation to Palton Morgan for this grant.
“I usually get orders in bulk sometimes, and I’m sometimes unable to deliver due to financial constraints. But with this money now, I’ll be able to get materials in bulk and deliver to my customers,” she said.
Adeshola Araoye expressed the same sentiment, commending Palton Morgan for fulfilling its promise. “With a lot going on in social media right now, one will always be sceptical about giveaways.
“When I saw my name on their page as part of their winners, I waited for like two, three days without hearing from them; I started doubting them. Today, they’ve proved to me that they keep to their word,” Araoye said.
Olawumi Beatrice, who heard about the SME grant through a friend, also praised Palton Morgan for the initiative, disclosing the money’s impact on her business. “Thank you to Palton Morgan for impacting lives and supporting small businesses like mine.
“There is a particular machine I’ve wanted to get that will help my work become fast; with this grant now, I’ll be able to get that machine and also get a small space to display my goods,” she said.
Another beneficiary, Oluwatobi Ogunyemi, who runs an educational tutorial centre, lauded Palton Morgan’s integrity, saying, “I am surprised companies like this still exist. I was a bit sceptical about participating in this giveaway, but they proved me wrong at the end of the day.”
He added that “one of the major challenges I face is finance and getting tutors to teach the students.
“But now, with this money, I’ll be able to get new instructional materials that will facilitate learning and convince more people to be part of the tutors. Teaching is more of giving back to the society, so it has to be people that have passion for the job.”
Since its incorporation in 2008, Propertymart has embarked on several corporate social responsibility initiatives. It offers scholarships to outstanding high school students and carries out training programs. During the COVID-19 lockdown, Propertymart donated relief items running into millions of naira to Lagosians.
General News
House of Reps Releases Certified Copies of Tax Reform Acts amid Gazette Discrepancy Claims
House of Representatives has released certified true copies of the four tax reform Acts signed into law by President Bola Tinubu, addressing public concerns over alleged discrepancies between legislative versions and circulated gazetted documents.
Tax Reform Acts
House spokesperson, Akin Rotimi, disclosed this in a statement, noting that Speaker Tajudeen Abbas directed the immediate publication of the Acts—including endorsement and presidential assent pages—for public verification, in collaboration with Senate President Godswill Akpabio.
The move followed allegations raised by Rep. Abdulsamad Dasuki on the House floor, highlighting inconsistencies between Bills passed by the National Assembly and executive gazetted versions, which he warned could erode legislative integrity and public trust.
Abbas constituted a seven-member ad hoc committee chaired by Rep. Aliyu Betara, with members including Idris Wase, Sada Soli, Adedeji Faleke, Igariwey Iduma, Fred Agbedi and Babajimi Benson, to investigate the alleged alterations, unauthorised circulation and preventive measures.
The committee’s mandate includes probing circumstances around the discrepancies, while Abbas ordered internal verification and public release of certified copies to dispel doubts and safeguard legislative records. Legal experts, tax professionals and civil society had demanded clarification and implementation suspension amid heated debates triggered by Dasuki’s intervention.
The released laws comprise the Nigeria Tax Act, 2025; Nigeria Tax Administration Act, 2025; National Revenue Service Establishment Act, 2025; and Joint Revenue Board Establishment Act, 2025, described as foundational to modernising Nigeria’s tax system.
These reforms aim to enhance compliance, curb inefficiencies, eliminate overlaps and bolster fiscal coordination across federal, state and local tiers, following extensive stakeholder consultations, committee reviews and plenary debates under Abbas’s leadership.
Rotimi reassured Nigerians: “The National Assembly is an institution built on records, procedure, and institutional memory. Every Bill, every amendment, and every Act follows a traceable constitutional and parliamentary pathway.”
He emphasised that only National Assembly-certified versions hold authority, urging the public, institutions and stakeholders to disregard all other circulating documents as unofficial.
MultiChoice, a CANAL+ company, has retained the distribution rights to 12 Warner Bros. Discovery thematic channels following the signing of a new multi-year, multi-territory agreement between CANAL+ Group and Warner Bros. Discovery, marking a significant expansion of their long-standing partnership.
MultiChoice
The new deal, which spans several regions across Africa and Europe, covers the distribution of HBO Max as well as the renewal of selected Warner Bros. Discovery thematic channels. It represents a major milestone in the companies’ international collaboration and strengthens content offerings across MultiChoice Group territories.
MultiChoice disclosed that this agreement builds on earlier partnerships concluded in Europe. “It builds on the landmark agreements concluded in France in 2024,including the renewal of the exclusive pay-TV window for Warner Bros. Pictures films just six months after their theatrical release in France and the integration of HBO Max within select CANAL+ group offers – as well as in Poland in 2025, with the renewal of the distribution agreement for 22 thematic channels (including TVN 24 and Eurosport) and 4 free-to-air channels (including TVN).”
Under the renewed arrangement, MultiChoice Group will continue to distribute 12 Warner Bros. Discovery thematic channels across its territories, with some channels offered on an exclusive basis. CNN International and Cartoon Network will remain exclusive to South Africa while being distributed non-exclusively in other markets. Cartoon Network Porto will be exclusive in Angola and Mozambique and non-exclusive elsewhere. Other channels such as Discovery Channel, TLC, HGTV, Food Network, TNT Africa, Travel, ID and Cartoonito will be offered on a non-exclusive basis.
According to the partners, the deal reinforces CANAL+ Group’s channel portfolio on the continent. “This agreement enables CANAL+ Group to strengthen its entertainment, kids, news, and documentary channel offerings in African markets.”
The agreement is also expected to improve access for CANAL+ Group subscribers to Warner Bros. Discovery’s premium content through HBO Max and selected channels, including globally recognised series and films, further extending the studio’s international reach while consolidating MultiChoice’s content offering in key markets.
Nigeria Police Force has suspended nationwide enforcement of its tinted glass permit policy, hours before its scheduled rollout, in compliance with a Delta State High Court order.
Tinted glass permit
The policy, set for January 2, 2026, aimed to curb vehicle-related crimes but faced legal challenge from a private citizen against the Inspector-General of Police, the force, and Delta Police Commissioner.
An ex parte injunction issued in December 2025 restrained enforcement pending suit determination, prompting the hold announced by spokesperson Benjamin Hundeyin on January 1.
Police entered appearance, filed preliminary objections, and sought injunction vacation; hearing adjourned to January 20, 2026.
The Nigerian Bar Association condemned initial police plans as “executive recklessness,” accusing disregard for rule of law, while police insisted no permanent bar existed on statutory duties.
IGP Kayode Egbetokun reiterated adherence to law while prioritising public safety via intelligence-led strategies during proceedings.
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