Economy
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Nigeria’s GDP worth around $600bn – Chapel Hill CEO
The Chief Executive Officer (CEO) of Chapel Hill Denham, Mr. Bolaji Balogun has said that the Nigerian economy is worth around $600 to $650 billion. Balogun said this while delivering the keynote address at the Annual Enterprise table and the 5th-anniversary celebration of Deal HQ Partners with the theme Economic Reset: Rethinking the Role of Nigeria’s Private Sector. He said,…
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Halilu targets first quarter 2024 to put NASENI products in Nigeria market
The Executive Vice Chairman of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu has said his vision or direction for the Agency’s products and technologies is to make them available in every household in Nigeria in the next few years. Halilu disclosed in Abuja today that some tangible products emanating from NASENI’s prototypes will be…
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Robust fintech critical for deepening financial inclusion in Nigeria – Maida
The Executive Vice Chairman and Chief Executive officer (EVC/CEO) of the Nigeria Communications Commission (NCC), Dr. Aminu Maida, has described the Financial Technology (FinTech) industry as a critical driver of financial inclusion of Nigerian citizens living in the underserved and unserved communities across the country. Dr. Maida made this known in his keynote address at the 2023 edition of the…
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I’m ready to take 50 million Nigerians out of poverty, Tinubu assures
President Bola Tinubu has vowed to take about 50 million Nigerians considered to be poor out of poverty. Tinubu said this during his opening remark at the 2023 Cabinet Retreat for Ministers, Presidential Aides, Permanent Secretaries, and top government functionaries. The event was held at the banquet hall at the Presidential Villa. Although the President did not provide a timeline…
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Nigerians should support Tinubu, he has passion – BUA Chairman
Chairman of BUA Group, Abdulsamad Rabiu, on Tuesday called on Nigerians to support the economic policies of President Bola Tinubu. He said this to state house correspondents after meeting with President Bola Tinubu in his office. He also said it’s a collective effort and responsibility to ensure that the country succeed. “During my discussions with Mr President, I could see…
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Senate confirms Zacch Adedeji as FIRS chairman
The Senate on Tuesday confirmed Zacch Adedeji as the Chairman of the Federal Inland Revenue Service (FIRS). Adedeji was confirmed as FIRS substantive chairman after he appeared before the senate, where he shared his plans to improve the nation’s revenue. He promised to improve the data mining capacity of the FIRS to make appropriate tax decisions. He attributed revenue leakages…
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American firm, John Deere, to establish tractor assembly plant in Nigeria
An American company, John Deere, has resolved to set up a tractor assembly plant in Nigeria. Details of the company’s interest to invest in Nigeria’s agricultural sector were made known during a meeting between VP Kashim Shettima and top officials of John Deere led by its Vice President on Production Systems, Mr Jason Brantley. The meeting facilitated by the Chairman…
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FG committed to efficiently harnessing mineral resources for Nigerians’ prosperity – Alake
The Minister of Solid Minerals Development, Dele Alake, has reiterated the commitment of the Federal Government to sustainable and efficient harnessing of mineral resources in the country to drive economic growth and create prosperity for citizens. Giving the opening remarks as the chief host of the 2nd edition of the Africa Natural Resources and Energy Investment Summit (AFNIS) with the…
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FG signs MoU with German Geo-Scientific Technology company to locate more mineral deposits in Nigeria
The Federal Government has signed a Memorandum of Understanding MoU with a German Geo-Scientific Technology company to locate more mineral deposits in Nigeria. The Ministry of Solid Minerals Development, Dele Alake disclosed this on Monday after the Federal Executive Council (FEC) meeting which was held at the Presidential Villa in Abuja. Alake, who revealed that the signing took place during…
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BREAKING: FG seeks approval for N2tn 2023 supplementary budget
The Federal Government has said it would be considering the approval for the appropriation of over N2 trillion as supplementary budget for the year 2023. Minister of Budget and National Planning, Atiku Bagudu, made the announcement after the Federal Executive Council (FEC) meeting at the presidential villa in Abuja on Monday. Bagudu stated that of the aforementioned total sum for…
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