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Nigeria, Malaysia To Seal Pact On Palm Biomass Industry’s Devt

The National Palm Produce Association of Nigeria (NPPAN) has hinted of plans by the Federal Government to sign a Memorandum of Understanding (MoU) with the Malaysian Government as part of its sustained efforts marking to develop palm biomass in the country. The President of the association, Ambassador Alphonsus Inyang, was quoted as making this disclosure […]

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Senate Urges FG To Suspend Proposed Electricity Subsidy Removal

The Senate on Wednesday appealed to the Executive arm of government to sustain the electricity subsidy regime amid ongoing hardships in the country as a means of averting a further escalation of the sundry micro and macroeconomic whirlwinds in the economy. The Red Chamber’s decision followed the deliberation and endorsement of a motion in a […]

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Consumers Buy Kerosene Cheaper In January, As Diesel Price Surges

The National Bureau of Statistics (NBS) reported on Wednesday that average retail price per litre of Household Kerosene (HHK) paid by consumers in January  was N1,329.53, representing a decline of 2.40% compared to N1,362.27 paid by them in December 2023. The Bureau, in its ‘National Household Kerosene Price Watch (January 2024)’ hoisted on its website, […]

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European Insurers Prioritizing Digitalization Amid Recession Threats -Researchers

European insurance industry leaders are doubling their digitalisation drive to enhance customer experiences and streamline operations in the face of looming recession threats to  their economies. According to a recent survey conducted by Information Services Group (ISG), titled ‘Pulse Check – State of the European Insurance Industry’ conducted in the fourth quarter of 2023, nearly […]

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Analysts Chart Roadmap To Boost Nigeria’s Foreign Reserves

Researchers at the Centre for the Study of the Economies of Africa (CSEA), an economic research think-tank with primary focus on developments in Africa’s economies, have canvassed a three-point strategic policy measures for the Federal Government to implement in order to shore up Nigeria’s foreign reserves. The analysts, in the firm’s ‘Nigeria Economic Update Issue […]

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Nigeria, W/Bank Activate ‘Broadband For All’ To Deepen Fibre Connectivity

The Federal Government and the World Bank Group have partnered for improved fibre connectivity for telecoms consumers nationwide. The collaboration was disclosed at a stakeholders’ engagement with the catchphrase ‘Broadband for All’, which recently held in Abuja. The Minister for Communications, Innovation and Digital Economy, Dr. ’Bosun Tijani, whose ministry co-organised the forum, noted with […]

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FG To Raise $10Bn To Boost FX Liquidity, Stabilize Naira

The Federal Government has expressed its determination to raise at least USD10 billion as part of its ongoing monetary policy measures to increase foreign exchange (FX) liquidity stabilize the Naira with the attendant positive implications for the nation’s economic growth. President Bola Tinubu made this disclosure at the inauguration of the Public Wealth Management Conference […]

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NCC Hints On Deployment Of 6G, 7G Prospects

The Nigerian Communication Commission (NCC) has solicited the collaboration, innovation and of all stakeholders in the nation’s digital economy landscape as a proactive strategy to mitigate emerging risks ahead of planned 6G deployment in the country. The Executive Vice Chairman of the commission, Dr. Aminu Maida, made the call on Tuesday during a 2-Day Telecoms […]

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FG To Audit Buhari’s N22.7Trn Ways and Means Loan

The Federal Government has unveiled plans to soon begin the audit of the N22.7 trillion Ways and Means loan by the Central Bank of Nigeria (CBN) to the immediate past President Muhammadu Buhari’s administration with a view to knowing if the facility is prudently utilized. Ways and Means is a loan facility through which the […]

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Senate Urges FIRS To Target N30Trn Revenue In 2024, Flaws Tax Waivers

The Senate has advised the Federal Inland Revenue Service (FIRS) to strive for N30 trillion revenue collection  in the fiscal year 2024, thereby raising the N19.7 trillion target earlier set for the tax agency. The Senate Finance Committee, during its budget presentation for 2024, advised the Service to strive to meet the projection after a […]