Economy
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Edun lauds Nigeria Customs Service for generating N15trn revenue
The Minister of Finance & Coordinating Minister of the Economy, Mr. Wale Edun on Wednesday presided over the 61st meeting of the Nigeria Customs Service (NCS) Board, where he praised the agency for generating approximately N15 trillion in revenue by September 2024. This achievement underscores Nigeria’s fiscal recovery and strengthens the government’s capacity to fund critical social and infrastructural programs.…
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Customs to employ 3,927 new personnel
By Kunle Sanni The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced the approval of 3,927 new Nigeria Customs Service (NCS) personnel for recruitment in the 2024/2025 period. Edun said it would address the staffing needs to enhance the agency’s operational efficiency. The Minister announced this in Lagos at the 61st meeting of the Nigeria…
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NCC issues guidance on simplification of tarrifs in Nigerian communications sector
The Nigerian Communications Commission(NCC), following an extended range of consultations with industry and other stakeholders, and pursuant to the powers granted it by the Nigerian Communications Act 2003, has issued a guidance on the simplification of Tariffs in the Nigerian Communications Sector. This is a strategic move aimed at simplifying tariffs on the national telecommunications network, independent regulatory authority. According to…
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National Assembly extends 2024 budget implementation to June 2025
The National Assembly has extended the implementation of the 2024 Budget by six months, Senate President Godswill Akpabio said on Wednesday during the 2025 Budget presentation by President Bola Tinubu. Akpabio said the 2024 Budget has achieved a 50% performance rate in capital expenditure and 48% in recurrent expenditure. “We shall continue on the part of nationalism and service to…
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Nigeria targets N34.82trn in revenue to fund 2025 budget, says Tinubu
…to spend N15.81trn on debt servicing President Bola Tinubu on Wednesday disclosed that the Nigeria is targeting N34.82 trillion in revenue to fund the 2025 budget, stressing that the budget proposal tell a bold and exciting story of the direction the present administration is re taking to retool and revamp the socio-economic fabric of the society. Tinubu at the 2025…
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Security, Health, Education, Infrastructure top as Tinubu presents N47.9tn 2025 budget proposal
Security and defence, infrastructure, health and education were some of the sectors with high allocations in the N47.9tn Budget Proposal presented by President Bola Tinubu before a joint session of the National Assembly on Wednesday afternoon. “It is with great pleasure that I lay before this distinguished joint session of the National Assembly, the 2025 Budget of the National Assembly…
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Tinubu arrives National Assembly for 2025 budget presentation
By Kunle Sanni President Bola Tinubu has arrived at the National Assembly Complex to present the 2025 national budget. President Tinubu entered the chamber, at about 12:10 in which he would be addressing a joint session of both green and red chamber. He was accompanied by some government officials. The National Anthem was also taken. The Federal Executive Council (FEC)…
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Finance Ministry hails PTDF for boosting capacity of top mgt. staff
The Federal Ministry of Finance has commended the Petroleum Technology Development Fund (PTDF) for organising a Leadership and Management Masterclass for the Top Management Staff of the Ministry so as to enhance their competencies in stewarding the nation’s economic resources. Declaring the training programme open, the Permanent Secretary, Federal Ministry of Finance, Mrs Lydia Shehu Jafiya, expressed appreciation to the…
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Industrial revolution begins in Ogun- Nigerian Shippers’ Council CEO
The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council, Barrister Ukeyima Akutah, has said that based on the remarkable level of the Ease of Doing Business Index in Ogun State, the state is leading the rest of the country in the ongoing industrial revolution embarked upon by the Federal Government. He noted that this is in tandem…
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Nigeria’s headline inflation increases to 34.60% in November, says NBS
The National Bureau of Statistics (NBS) on Monday disclosed that Nigeria’s headline inflation increases by 72basis points to 34.60per cent in November 2024 from 33.88 per cent reported in October 2024. According to NBS, the on a month-on-month basis, headline inflation was steady at 2.64 per cent in November 2024 from 2.64 per cent in October 2024.On food inflation, it…
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