Economy

NCC regional workshop identifies multiple taxation as barrier to Nigeria’s economic growth

Nigeria’s potential for substantial economic growth within the West African region is being stifled by the burden of multiple taxation, often labeled ‘nuisance taxes’ by the World Bank. This was revealed by the Executive Commissioner for Stakeholder Management, of the Nigeria Communications Commission (NCC), Adeleke Adewolu. Speaking at the Regional Stakeholders Workshop on Multiple Taxation and Regulations, Adewolu listed the…

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FG approves United Nigeria Airlines’ licence to fly six countries

The Federal Government says that United Nigeria Airlines has been granted permission to operate international flights in six nations. The Ministry of Aviation and Aerospace Development who disclosed this said the airline will operate international flights into the United States of America (U.S.A), the United Kingdom (UK), the Netherlands, Italy, Ireland, and the United Arab Emirates (UAE). The approval was…

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NASDAQ invites Tinubu to bell close of trading session on September 20

President Bola Tinubu has been invited by the US Chamber of Commerce to ring the NASDAQ closing bell on September 20. The NASDAQ (National Association of Securities Dealers Automated Quotations) is a stock exchange. However, unlike other stock exchanges like the NYSE (New York Stock Exchange), there are no physical trading floors. The ringing of the closing bell signifies the…

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FG launches 5-year plan to boost potato production

The Federal Government Thursday, launched a five-year national strategic plan to boost potato production in Nigeria. Speaking in Jos, Plateau State, the Minister of Agriculture and Food Security, Senator Abubakar Kyari, said the government’s goal was to stimulate economic growth through various agricultural value chain activities. The minister, represented by the Permanent Secretary, Ernest Umakhihe, added that the agricultural value…

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G-20: Trade Minister links ability to attract investment to Tinubu’s commitment to Nigeria’s industrialization

Minister of Industry, Trade and Investment, Doris Uzoka-Anite has said President Bola Tinubu’s commitment to Nigeria’s industrialisation will help the nation attract Foreign Direct Investment at the ongoing G-20 Summit in India. Uzoka-Anite, who said this in a statement on Friday by her Media Adviser, Oladapo Sofowora, disclosed that after President Tinubu arrived from his 18 hours trip from Nigeria…

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FG ready to partner with state governments for improved airport facilities – Keyamo

The Federal Government has said it will be partnering with state governments to improve the facilities at the nation’s airports, maintain terminal buildings, and see how they could recoup their investments. The Minister of Aviation and Aerospace Development, Festus Keyamo said on Friday when a team of delegates from the Nigerian Transportation Commissioners Forum – an appendage of the Federal…

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Nigeria’s telecom contribution to GDP hits 16% – Danbatta

says broadband penetration to hit 50% by year-end The telecommunications sector’s contribution to the nation’s Gross Domestic Product (GDP) has increased significantly to 16 per cent in the second quarter of 2023, according to the data reported by the Nigerian Communications Commission (NCC) based on the computation by the Nigeria Bureau of Statistics (NBS). The Executive Vice Chairman of NCC,…

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PHOTO NEWS: Alake attends mining conference in Australia

Minister of Solid Minerals Development Dele Alake is in Australia, attending the Africa Down Under Mining Conference in Perth.

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