President Bola Tinubu has directed the immediate re-opening of Nigeria’s land and air borders with the Republic of Niger with immediate effect. The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, in a statement titled, ‘Nigeria Opens Land and Air Borders with Republic of Niger, Lifts Other Sanctions’, issued on Wednesday, disclosed […]
Economy News Extra
NNPCL Seeks EFCC’s Support To Combat Surging Oil Theft Incidents
The Nigerian National Petroleum Company Limited (NNPCL) has solicited the support of the Economic and Financial Crimes Commission (EFCC) in the current efforts of the Federal Government to combat the crude oil theft incidents nationwide in view of the destructive impacts on the nation’s economy. The Group Chief Executive Officer of NNPCL, Mele Kyari, appealed […]
NDPC Seals Pacts With Lottery Commission, SMEDAN On Sectorial Regulation
The Nigeria Data Protection Commission (NDPC) has signed Memoranda of Understanding (MoU) with the National Lottery Regulatory Commission (NLRC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), aimed at bolstering data protection initiatives across various sectors of the political economy. The NPDC’s Head, Media Unit, Itunu Dosekun, in a statement issued on […]
RMAFC Advocates Transparency In Public Finance System
….Lauds Tinubu On Oronsanye’s Report Implementation The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has commended President Bola Ahmed Tinubu for adopting the Steven Oronsaye Committee’s Report in furtherance of his administration’s sustained efforts aimed at reducing high cost of governance through the restructuring and rationalization of federal agencies, parastatals and commissions. The commission, in […]
Hope Dims On ECOWAS Single Currency, As Assessment Rating Ebbs
Despite sustained efforts by West African governments to introduce a single currency for cross-border transactions in the sub-region, indications have shown that the quest for a single currency regime by them is becoming a herculean task in terms of performance assessment. The West African Monetary Zone (WAMZ) Director- General, Dr. Olorunsola Olowofeso, on Friday expressed […]
FG Inaugurates Committee On Carbon Market Activation Plan
The Federal Government on Thursday inaugurated an Intergovernmental Committee on Carbon Market Activation Plan with the mandate of exploring opportunities in Africa’s $2.5 billion carbon market for the nation’s economic development The Vice President, Kashim Shettima, who inaugurated the committee on behalf of the President, Bola Tinubu, said the committee’s mandate was to develop a […]
767 Manufacturing Firms Shutdown In 2023 – MAN
As the policy reforms-induced current macroeconomic whirlwinds in Nigeria’s business landscape continue unabated, the Manufacturers Association of Nigeria (MAN) has opposed the planned implementation of the Expatriates Employment Levy (EEL) by the Federal Government, saying implementing the fiscal measure could aggravate the crisis in the real sector. The association in a statement signed on Tuesday […]
African Alliance Restates Commitment To Strengthening Partnership With Customers
….Pledges Sustained Joy For Insured In Life Assurance African Alliance Insurance has expressed its commitment to exceeding expectations of its stakeholders, particularly in this period of hard times. The company, a leading player in the risk-underwriting business with over six decades of expertise in the life assurance sector, is presently charting a course to making […]
Oronsaye Report: ASCSN Cautions FG Against Implementation-Linked Job Loss
As anxieties continue to mount over the planned implementation of the Stephen Oronsaye report by the Federal Government, the Association of Senior Civil Servants of Nigeria (ASCSN), has warned that job losses associated with the implementation of the report could further escalate industrial action by the organized labour in the country.. The National President of […]
CPPE Seeks Review Of EEL Policy To Support Businesses
The Centre for the Promotion of Private Enterprise (CPPE), a frontline private sector advocacy organization in Nigeria, has called on the Federal Government to immediately review its recently introduced Expatriate Employment Levy (EEL) policy in view of the negative implications of its implementation for the economy. The Centre, in a Note issued on Sunday by […]