Economy
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Group urges NLC to ‘stop distracting FG’ with strikes
A group, the Patriotism Awareness Forum (PAF), has charged the Nigeria Labour Congress (NLC) and other workers’ unions to rethink their incessant resort to threats of strike and show understanding in allowing the Federal Government put in place an enduring and beneficial solution to the effects of the removal of petroleum subsidy. The group in a statement jointly signed by…
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Senate to screen acting CBN Governor, Cardoso, today
…new ministers for screening October 3 The Senate will on Tuesday screen former Chairman of the Board of Citi Bank Nigeria, Dr. Olayemi Michael Cardoso for the position of the Governor of the Central Bank of Nigeria (CBN). The senate will also screen four nominees for the positions of CBN Deputy Governors, who will join forces with Cardoso to steer…
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Afreximbank urges prioritisation of export trading companies to drive African SME participation in global trade
The African Export-Import Bank (Afreximbank) has called on African countries to prioritise the development of public and private export trading companies (ETCs) in order to position the continent’s small and medium enterprises (SMEs) to participate effectively in global trade. In an address to the Africa International Exhibition, which opened yesterday on the sidelines of the United Nations General Assembly in…
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FG calls for open, secure internet
The Nigerian government has subscribed to a free and secure Internet for Africa, which is capable of bridging the digital divide and creating innovative opportunities within the continent. Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, who canvassed this position at the just-concluded Africa Internet Governance Forum at the Transcorp Hilton, Abuja, said the administration of President Bola…
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FG unveils National Talent Export Programme to boost youth employment
On the sidelines of the 78th United Nations General Assembly (UNGA), President Bola Tinubu at the weekend launched the National Talent Export Programme (NATEP) in a bid to shore up Nigeria’s foreign exchange earnings. President Tinubu was represented at the launch by the Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite. The new initiative seeks to position Nigeria as…
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NCC extends submission of application for hackathon deadline
The Nigerian Communications Commission (NCC) has extended the deadline for submission of applications and entries into the 2023 Talent Hunt through Hackathon to Saturday, September 30, 2023. This was contained in a statement by the Director, Public Affairs NCC, Reuben Muoka. He said the deadline for application/entries into the contest, which opened on September 1, 2023, and initially closed on…
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Nigeria secures $13bn in oil and gas investments from ExxonMobil, Shell, TotalEnergies
Nigeria has successfully attracted a substantial $13 billion in investment commitments for its oil and gas sector, drawing participation from major international energy corporations, including ExxonMobil, Shell, and TotalEnergies. This development was confirmed by Olu Verheijen, the Special Adviser to the President on Energy. Verheijen, in collaboration with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), recently engaged with representatives from…
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Keyamo canvasses investments in MROs, unveils KPIs in New York
Minister of Aviation and Aerospace Development, Festus Keyamo, has recommended both global and domestic companies to participate in the aviation business because of Nigeria’s large population, traffic, and flourishing aviation market. Keyamo, who was addressing today at the current Africa International Trade Exhibition (AITE 2023) at the Hilton Hotel in Midtown, New York, USA, mentioned that world-class Maintenance, Repair, and…
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PHOTO NEWS: US embassy hosts Nigeria’s female entrepreneurs
United States embassy in Nigeria has hosted group of female entrepreneurs in the country. In a post on X, the mission posted on Thursday, “we are proud to support Nigeria’s dynamic entrepreneurs through our various exchange programs. “In Lagos, we hosted alumni from various Academy for Women Entrepreneurs (#AWE) cohorts and learned how the program has positively impacted their businesses…
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We will achieve a tax-to-GDP of 18% within 3 years — FIRS boss Adedeji
The Acting Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has promised to lead the service to achieve a tax-to-GDP of 18 per cent within three years. Adedeji said that by so doing, the FIRS would reduce the nation’s reliance on borrowing and ensure financial sustainability. Adedeji stated this during the handover ceremony where he took over…
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