Economy
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Average retail price for refilling 5kg cylinder of gas rose by 1.81%
The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas or cooking gas increased by 1.81per cent on a month-on-month basis from N4,115.32 recorded in August 2023 to N4,189.96 in September 2023. This is disclosed by the National Bureau of Statistics (NBS) in its Liquefied Petroleum Gas (Cooking Gas) Price Watch report for September 2023. According to…
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Financial System Stability: NDIC lauds judiciary on better understanding of deposit insurance practice
The Nigeria Deposit Insurance Corporation (NDIC) has commended the judiciary on its better understanding of the deposit insurance practice towards promoting stability of the nation’s financial system. NDIC Managing Director/Chief Executive, Mr. Bello Hassan gave the commendation in his welcome address at the 2023 Sensitization Seminar, organized by the Corporation in partnership with the National Judicial Institute (NJI) for Judges…
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We won’t be disappointed if Nigeria Air is cancelled, says Ethiopian Airlines CEO
Ethiopian Airlines has said it will not be disappointed if Nigeria Air, the country’s national carrier project, is cancelled. The CEO of Ethiopian Airlines, Mesfin Tasew, said this to reporters on the sidelines of a conference in Addis Ababa, Ethiopia. He said Ethiopian Airlines had no plans or intentions to establish an airline in Nigeria, and that it was only…
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New roadmap will transform Nigeria’s mining industry – Alake
Nigeria’s Minister of Solid Minerals Development Dr Oladele Alake has said imminent reforms in the mining industry will separate genuine businessmen interested in longterm and value-added investment from adventurers carting away raw minerals. Addressing the Mining Ministers Forum at the China Mining Week 2023 holding in Tianji, China on Thursday, the minister said the new mineral development roadmap of the…
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Shettima showcases Nigeria’s agribusiness roadmap to investors at Borlaug Dialogue
The Vice President, Senator Kashim Shettima, has wooed foreign investors to invest in Nigeria’s agricultural sector, assuring them that the country is ready for agribusiness. He said Nigeria remained the best place to invest given its 70 million hectares of underutilised arable land, which, according to him, is 75% of the country’s total land mass.Senator Shettima, who stated this on…
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NRC to launch e-ticketing platform for train services
A new electronic ticketing platform for the Lagos-Ibadan and Itakpe-Warri train services will be available to the public before the end of October, the Nigerian Railway Corporation (NRC) has announced. The platform will enable passengers to buy their tickets online from their homes, up to 48 hours before their journey, and avoid physical contact with NRC staff. The announcement comes…
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FG signs MOU with UK based tech company to develop Technology park in Nigeria
The Federal Ministry of Innovation, Science and Technology has signed a Memorandum of Understanding for the development of science and technology park with Across Atlantic Development, a United Kingdom based company, through the Private Public Partnership in Abuja the nation’s capital. The Minister of Innovation, Science and Technology, Uche Nnaji, disclosed this during a courtesy visit by the leadership of…
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Tinubu appoints new CEOs for inland waterways authority, shippers council
President Bola Tinubu has approved the appointment of two new Chief Executive Officers in Parastatals and Agencies under the Federal Ministry of Marine and Blue Economy in line with the recommendations of the Honourable Minister, H.E. Adegboyega Oyetola: Managing Director / CEO, National Inland Waterways Authority (NIWA) — Alhaji Munirudeen Bola Oyebamiji Executive Secretary / CEO, Nigerian Shippers’ Council (NSC)…
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Tinubu approves Oyedele-led tax reforms committee ‘quick-win report’
President Bola Tinubu on Tuesday in Abuja approved the report on fiscal policy and tax reforms from the Committee tasked with improving the nation’s revenue profile and business environment. The report titled ‘Quick Win Report’ was revived by the president at the State House after a meeting with Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and…
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ADVAN sues ARCON, Tinubu, Akpabio, others over advertising reforms
* We won’t now to sustained media attacks – Fadolepo The Advertisers Association of Nigeria (ADVAN), the umbrella body of corporate advertisers in the country, has filed a suit against the Advertising Regulatory Council of Nigeria (ARCON) over the ongoing advertising industry reforms. Also added as defendants in the suit are President Bola Tinubu, Senate President Godswill Akpabio, the Attorney-General…
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