Economy
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Customs commences administration of rewards to AEO program beneficiaries
In an attempt to intensify its effort to enhance the ease of doing business for compliant stakeholders , the Nigeria Customs Service (NCS) on Wednesday said it has commenced administration for first set of Authorized Economic Operators (AEO) programme beneficiaries. Customs in a statement stated that the beneficiaries of the exercise that commenced September 2, 2024 include: Importers, Exporters, SMEs,…
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Nigeria has prospect of becoming net exporter of food- Bill Gates
American billionaire philanthropist Bill Gates said Nigeria has the prospect of becoming a net exporter of food given the vast land and soil type in the country. The co-chair of the Bill and Melinda Gates Foundation spoke on Tuesday at the Nutrivision 2024, a pan-African youth dialogue on nutrition in Nigeria’s capital city, Abuja. Gates was answering a question on…
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Increasing agricultural productivity will reduce malnutrition in Nigeria- Bill Gates
Microsoft Co-founder, Bill Gates, has said that improving productivity in agriculture will help in solving the problem of malnutrition in the world, especially in Sub-Saharan Africa. Gates, who is a Co-Chair of Bill & Melinda Gates Foundation, said this on Tuesday at the Nutrivision 2024, a Pan-African Youth Dialogue on Nutrition at Nile University Abuja. He stressed that making food…
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VAT: Oyedele committee offers exemption of businesses with N50m annual revenue
Chairman of the presidential fiscal policy and tax reforms committee, Taiwo Oyedele has said the committee has proposed significant tax exemptions for small businesses in Nigeria. Speaking in an interview on Channels Television recently, Oyedele detailed the government’s commitment to supporting small businesses by raising the turnover threshold for tax exemptions. Under the new proposals, Oyedele said businesses with an…
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NNPC admits having financial constraints due to subsidy on petrol, says Presidential aide
The special adviser on information and strategy to President Bola Tinubu, Bayo Onanuga said the Nigerian National Petroleum Company (NNPC) Limited admitted to having financial constraints because it can no longer subsidise petrol. In an X post on Tuesday, Onanuga said if NNPC continues to pay the differences in landing cost and petrol price, the national oil company will go…
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Sigh of relief as Dangote Refinery launches Euro-V petrol
…Promises no more importation of polypropylene as from October For the first time, Nigerians will gain a clear understanding of the country’s actual fuel consumption, according to Aliko Dangote, President of Dangote Group. This announcement comes as Dangote officially confirmed the rollout of Premium Motor Spirit (PMS), commonly known as petrol, from the world’s largest single-train refinery with a capacity…
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Dangote refinery has liberated Nigeria from chains of economic dependence, says Femi Otedola
Billionaire business mogul, Mr. Femi Otedola has lauded his friend and business partner, Aliko Dangote, for the full-scale operation of his refinery with a capacity of 650,000 barrels per day, stating that the refinery has liberated Nigeria from chains of economic dependence. Otedola congratulated Dangote on Tuesday on his X handle, shortly after Dangote spoke in a broadcast to unveil…
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Otedola lauds Dangote over actualisation of $20bn refinery
Billionaire businessman Femi Otedola has congratulated his friend, Aliko Dangote, on the actualisation of his $20bn refinery in Lagos. Otedola said with petrol now rolled out by the Dangote Refinery, the days of Nigeria bowing to foreign powers for our fuel needs are over. “You have not just built a refinery; you have liberated us from the chains of economic…
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Wale Edun commends Chief of Defence Staff for fostering nation’s economy to flourish
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Friday paid a courtesy visit to the Chief of Defence Staff (CDS), General Christopher Musa, at the Defence Headquarters in Abuja, commending the Military for their tireless efforts in fostering a secure environment that enables the nation’s economy to flourish. Minister of Finance and Coordinating Minister of…
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