Economy
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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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UNGA: Nigeria will be big global player in critical minerals supply, says Alake
Minister of Solid Minerals Development, Dele Alake, says Nigeria is ready to play an important role in meeting the global demand for critical minerals. Alake who was speaking at a special session on the sidelines of the ongoing United Nations General Assembly in New York, said the nation’s mineral resources make it one of the top 10 players in the…
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VIDEO: Minister of Trade makes case for stronger investment in Africa at TEF event in New York
Nigeria’s Honourable Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, represented President Bola Tinubu at the Tony Elumelu Foundation (TEF) Breakfast Roundtable in New York on Tuesday. She hailed the work of the Foundation supporting African entrepreneurs, and asked for Africans to do more for Africa especially in making impact investments in young people to create good paying jobs…
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NCC announces change to fixed lines numbering format
The Nigerian Communications Commission (NCC), has announced new numbering format for fixed lines. The NCC in a statement by by its Director, Public Affairs, Reuben Muoka on Wednesday, said the change was in keeping with its responsibilities under the enabling law, the Nigerian Communications Act (NCA) 2003, to manage Nigeria’s numbering resources, In the process, Nigeria’s Fixed-Lines Numbering Format has…
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NSE to honour Shettima with fellowship
The Nigerian Society of Engineers says its council has approved the conferment of an Honorary Fellowship on Nigeria’s Vice President, Kashim Shettima – an honor he earned for his performance as Governor of Borno State, it was learnt. The President of the Nigerian Society of Engineers (NSE) dropped this hint on Tuesday during a courtesy visit to the office of…
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UNGA: ExxonMobil pledges nearly 40,000bpd in new Nigerian production in the short-term
ExxonMobil, one of Nigeria’s biggest multinational oil and gas firms, has promised to increase production in its Nigerian operations by approximately 40,000 barrels per day (bpd) as part of a fresh investment push in Nigeria. President of Global Upstream Operations, Liam Mallon, made the assurance with President Bola Tinubu Monday in New York, where the president hosted a delegation consisting…
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EKEDP announces power outage in Ojo, Mosadolorun, Orelope and environs
The Eko Electricity Distribution Company has announced that it will experience a temporary power outage in some parts of Lagos, the commercial nerve of Nigeria. The power company in a post via its X account formerly known as Twitter said the areas affected are Unity 11kV feeder, in Ojo district. It explained the fault was as a result a line…
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CJN pronounces NCC worthy telecom regulator
The Chief Justice of Nigeria (CJN), Justice Olukayode Ariwoola, has pronounced the Nigerian Communications Commission (NCC), a worthy telecom regulator in Nigeria for its dedicated efforts in promoting awareness and knowledge of Information Communications Technologies (ICT), among the judiciary in particular, and the Nigerian public. The CJN who is the Chairman, Board of Governors of the National Judicial Institute (NJI),…
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Nigeria generates $23bn revenue from oil, gas in 2021 – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Monday that the oil and gas industry generated over $23billion in 2021. The Executive Secretary of NEITI, Dr Orji Ogbonnaya Orji said this while presenting highlights on the 2021 Oil and Gas report unveiled in Abuja. According to Orji, the revenue sources included sales of federation crude oil and gas, taxes,…
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Dangote refinery to start operating October at 370,000b/d
The long-awaited Dangote refinery — billed as a game-changer for Nigeria and sub-Saharan Africa — will receive its first cargo of crude in the next two weeks and will begin producing up to 370,000 b/d of diesel and jet fuel from October, a senior company executive told S&P Global Commodity Insights. In a wide-ranging exclusive interview, Dangote Group Executive Director…
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