Ogun State Government has commenced the process of converting fossil-powered vehicles to Compressed Natural Gas (CNG) powered in furtherance of its E-Mobility and Gas Mobility Programme. The programme involves the conversion of mass transit buses from fuel to gas and tricycles and motorcycles to electric. To transform the plan into reality, a team of technical […]
Osun State Governor, Mr. Ademola Adeleke, has expressed the interest of the Osun State citizens to participate in the on-going Skill Acquisition Training and Youth Empowerment Programme by the National Agency for Science and Engineering Infrastructure (NASENI). This is even as the governor requested the Agency’s management to fast-track take- off of the proposed Agricultural Machinery and […]
….As Lagos State attracts 62.23% of investment The total value of imported capital into Nigeria in the first quarter of this year (Q1 2023) increased to $1.13 billion from $1.06 billion recorded in the last quarter of 2022 according to the National Bureau of Statistics (NBS). The statistics agency, in its ‘Nigeria Capital Importation Q1 2023’ […]
A leading e-commerce company, Jumia has reported that mobile phones demand significantly increased in Nigeria’s rural areas in 2023, representing the most ordered items by rural dwellers. The company, in its just published yearly insight report tagged “E-commerce in Rural Areas” disclosed that phones constituted 18% of all products ordered by rural communities in the […]
The Federal Inland Revenue Service (FIRS) has partnered the Market Traders Association of Nigeria (MATAN) to ensure improved Value Added Tax (VAT) collection and remittance, especially in the informal sector, to it from markets across the country,. The association, which membership is drawn from over 40 million traders across the 774 local government councils, is […]
The newly established Policy Advisory Council (PAC) by President Bola Ahmed Tinubu has proposed the merger of the Federal Inland Revenue Service (FIRS), Nigerian Customs Service (NCS), and the Nigerian Maritime Administration and Safety Agency (NIMASA) into the Nigerian Revenue Service. The members of the (PAC), who include Senator Tokunbo Abiru (chair), Dr. Yemi Cardoso, Sumaila […]
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has projected that the commencement of operations of the Dangote Refinery had the potential of saving Nigeria over $25 billion in foreign exchange (FX) in energy imports and provide $10 billion as exports. Emefiele, who made this forecast on Monday during the commissioning of the […]
AFOS-NIG INGO, a German non-governmental organisation providing technical supports to Small and Medium Enterprises (SMEs) and agribusiness owners in Nigeria, has charged famers, agribusiness owners and microfinance banks in the country to adopt global best practices as a strategic step towards overcoming their current challenges, improving their earnings, and contributing more to the nation’s Gross […]
The Federal Government has announced the approval of the concession of the Nnamdi Azikiwe International Airport, Abuja and the Mallam Aminu Kano International Airport, Kano. The approval of the two airports’ concession was part of the decisions taken at Federal Executive Council’s (FEC’s) meeting on Wednesday chaired by President Muhammadu Buhari Giving this hint during […]
The Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, at the weekend charged African governments to remove all trade barriers, especially cost-related ones, in order to optimally explore the opportunities in the African Continental Free Trade Agreement (AfCTA) for national development. The foremost economist noted that the high costs African exporters were experiencing […]