Economy
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Atiku denies relationship with Intels after FG reversed contract cancellation
Presidential Candidate of the Peoples Democratic Party in the 2023 elections, Atiku Abubakar, says that he no longer has any ties with Integrated Logistic Services Nigeria Limited (Intels), a company he once co-founded. Atiku made this knowm in a post on social media platform, X, on Sunday. Atiku made the clarification after reports suggesting that he might benefit from the…
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FIRS announces full waiver on penalties, interests for tax liabilities
Taxpayers and businesses in Nigeria have received a significant reprieve from the Federal Inland Revenue Service (FIRS), which has announced a comprehensive waiver of all accumulated penalties and interest on overdue tax debts. The FIRS Chairman, Zacch Adedeji, disclosed this development in a statement he signed and which was disseminated to the press by his Special Adviser on Media, Dare…
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Shettima inaugurates council on MSMEs, urges members to deploy technology
Vice President Sen. Kashim Shettima on Friday inaugurated the National Council on Micro, Small and Medium Enterprises (MSMEs), charging its members to utilize technology and their expertise to enhance the sector’s growth. Emphasizing President Bola Ahmed Tinubu’s unwavering commitment to improving job security, VP Shettima highlighted the critical role of MSMEs and younger Nigerians in driving job creation and economic…
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COP28: Nigeria, Siemens sign power infrastructure agreement
Nigeria and Germany have agreed to add 12,000 mw of electricity to the national grid through the Presidential Power Initiative (PPI). The Power initiative, which will be financed by the Government export credit facility currently offered to Nigeria by a few German banks, would cost around $60 million and will include the procurement of 10 transformers and 10 power mobile…
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CBN to freeze accounts without BVN, NIN from April 2024
The Central Bank of Nigeria (CBN) has directed that accounts without a bank verification number (BVN) or national identification number (NIN) will be restricted from April 2024. This was contained in a circular issued by the apex bank on Friday, The CBN said a “Post No Debit or Credit” will be placed on funded accounts without BVN or NIN on…
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Ogun will join league of oil producing states soon- Abiodun
By Kolawole Olayinka, Abeokuta The governor of Ogun State, Prince Dapo Abiodun has said discussions are in top gear with the exploration of oil in Tongeji Island and Olokola in Ipokia and Ogun Waterside local government areas of the state respectively. The governor noted that the state would soon be given the frontier status and join the league of oil-producing…
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COP28: NASENI EVC, Halilu to speak on homegrown technologies for rural electrification in Dubai
The Executive Vice Chairman/Chief Executive Officer (EVC/CEO), National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu is set to detail the Agency’s plans and strategies for rural electrification in Nigeria using homegrown technologies. The 2023 United Nations Climate Change Conference, though officially opened today, 30th November 2023, also known as Conference of the Parties (COP28), holding at…
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Irrigation: FG set to empower 200 trained farmers with solar-powered pump
By Mosunmola Ayobami,Ilorin The federal government has concluded plans to give solar-powered irrigation pumps to 200 trained farmers. This was disclosed on Thursday by the Niger River Basin Development Authority in Ilorin, Kwara state. The authority said it was to build sustainable irrigation farming in the country and force down cost of crop production. This initiative according to the authority,…
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Abiodun presents N703bn 2024 budget estimate to Ogun Assembly
By Kolawole Olayinka, Abeokuta Ogun State Governor, Prince Dapo Abiodun, on Thursday, presented N703.03billion Budget Proposal for the year 2024 to the state House of Assembly. This is against the N472.250billion budgeted for the 2023 fiscal year. Giving a breakdown of the budget tagged “The Budget of Sustained Growth and Development,” the governor noted that it is made up of…
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Tinubu confirms Adepoju as substantive Comptroller General of Immigration
Caroline Wuraola Adepoju, who has been serving as the acting Comptroller General (CG) of the Nigerian Immigration Service (NIS) since May 29, 2023, has been confirmed by President Bola Tinubu as the substantive CG. She made the announcement to the staff of the NIS during the Comptroller General’s parade on Wednesday in Abuja, the nation’s capital. She said, “You may…
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