Economy
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Mining Sector: FG, RMAFC to deepen collaboration On revenue leakages
We Are Commited to Recovering Unpaid Royalties and Taxes – Alake The Federal Government, through the Ministry of Solid Minerals Development and the Revenue Mobilisation Allocation and Fiscal Commission ( RMAFC), have resolved to strengthen collaboration to block revenue leakages in the mining sector. Speaking while welcoming the RMAFC chairman, Mohammed Bello, and his team to his office recently, the…
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Dangote Cement rewards distributors at awards night
For their continued loyalty, the management of Dangote Cement Plc, at the weekend rolled out the drums to celebrate its teeming distributors across the country. The funfair and celebration were in appreciation of its customers’ patronage in the previous years and the company’s acceptability by Nigerians. The Distributors’ award ceremony was in recognition of the distributors’ long-standing commitment, devotion, loyalty,…
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Subsidise gas to stimulate industries, Donald Duke tells FG
A former governor of Cross River, Donald Duke, says natural gas can become stimulant to industries nationwide if the Federal Government subsidises the cost and makes it more available and affordable to consumers. Duke gave the advice at the 43rd pre-convocation lecture of the Ahmadu Bello University on Friday in Zaria. The lecture was titled, “This is your time: Set…
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NCAA suspends airline over Ibadan runway incident, NSIB begins investigation
The Nigeria Civil Aviation Authority has suspended Mattini Airline Services Ltd pending completion of investigations into the runway excursion involving a Challenger CL 601 aircraft, operated by the firm. This is contained in a statement on Saturday by Director, Public Affairs and Consumer Protection, NCAA, Michael Achimugu. A private jet operated by the airline which had departed Abuja with 15…
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Abdulrazaq signs 2024 appropriation bill into law
…says LG elections to hold soon By Mosunmola Ayobami,Ilorin The governor of Kwara State, AbdulRahman AbdulRazaq on Friday signed the 2024 Appropriation Bill into law, saying it was a step to expand infrastructure and grow the economic base of the state on a sustainable basis. Abdulrazaq also assented to the Local Government Amendment Bill, saying: “We are looking forward to…
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FG urges mine explosives firms to tighten logistics, curb leakages
Minister of Solid Minerals Development, Dr.Oladele Alake has called on manufacturers of mine explosives to combat alleged leakages from their factories by tightening the security and logistics of their operations. Speaking at an emergency meeting with the manufacturers in his office on Friday in Abuja, Alake said there is popular outcry against the role of the manufacturers in the easy…
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FG moves to end crude oil theft, says Uzodimma
The federal Government is taking steps to stop the illegal extraction of crude oil in Nigeria, which has cost the country billions of dollars in lost revenue. This was disclosed by Hope Uzodinma, the governor of Imo state and the head of the NEC sub-committee on crude oil theft prevention, after meeting with Vice-President Kashima Shettima in Abuja on Thursday.…
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Nigeria, Morocco expedite gas pipeline agreement
The Nigerian National Petroleum Company (NNPC) Limited said the federal government has intensified talks with Morocco to expedite the process of achieving the final investment decision (FID) on the Nigeria-Morocco Gas Pipeline (NMGP). The chief corporate communications officer, NNPC, Olufemi Soneye disclosed in a statement on Wednesday. NNPC said the discussion was held on the sidelines of a meeting between…
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WFE: Popoola emphasizes technology revamp, listing rules review
The Group Managing Director and Chief Executive Officer, Nigerian Exchange Group Plc, Mr. Temi Popoola on Thursday highlighted various plans by the exchange group to revamp its technology infrastructure, attract listings, and enhance retail investors’ participation and foreign capital inflows. Popoola stated this whilst addressing leaders of exchanges from across the globe at the working group committee meeting of the…
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FG targetes 77% IGR increase in 2024 – Edun
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the federal government aims to boost internally generated income (IGR) by 77 per cent. Edun spoke in Abuja on Wednesday to kick off the Federal Inland Revenue Service’s (FIRS) 2024 strategic management retreat. The retreat was themed, ‘Re-imagining Tax Administration for Equity and Economic Growth’. Edun stated that…
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