By Lucy Ogalue The Nigerian Export Promotion Council (NEPC) says Nigeria’s non-oil export sector recorded impressive growth in the first half of 2024, generating 2.7 billion dollars in revenue. The Executive Director of NEPC, Nonye Ayeni, said this while presenting a progress report on Nigeria’s non-oil export performance on WednesdayContinue Reading
By Salif Atojoko President Bola Tinubu has welcomed the latest report of the National Bureau of Statistics (NBS) on the state of the economy. The report had indicated that the country’s Gross National Product (GDP) posted another growth. According to NBS, the real GDP grew by 3.2 perContinue Reading
NCS, AfCFTA partner to boost intra-African tradeContinue Reading
By Rukayat Moisemhe Stakeholders in the energy sector have called for more commitment from government and players across the energy value chain to drive energy security. They gave the advice at the 2024 Nigerian-British Chamber of Commerce (NBCC) energy group event on Thursday in Lagos. The News Agency of NigeriaContinue Reading
By Kadiri Abdulrahman The Federal Government, through the Debt Management Office, on Wednesday announced plans to issue N500 million dollars local bonds to boost dollar liquidity. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said this on Thursday in Lagos at an investor meeting for theContinue Reading
By Martha Agas The Federal Government has unveiled guidelines for the implementation of the “Zero Per cent Duty Rate and Value Added Tax” exemption on certain basic food items. The announcement is contained in a statement issued by the Spokesperson of the Nigeria Customs Service (NCS), Abdullahi Maiwada, inContinue Reading
By Lucy Ogalue The Small and Medium Enterprises Development Agency (SMEDAN), has partnered with the Nigerian Postal Service (NIPOST), to offer a special 15 per cent discount on logistics services to small businesses. The Director-General of SMEDAN, Mr Charles Odii, said this while signing a Memorandum of Understanding (MOU) withContinue Reading
By Martha Agas The Nigeria Customs Service (NCS) says it will forgo N188.37 billion in import duties following the Federal Government’s directive to remove tariffs and other import duties on key food staples. The Comptroller-General of NCS, Adewale Adeniyi, made this disclosure in his keynote address at the second EconomicContinue Reading
By Nana Musa The Federal Capital Territory Internal Revenue Service (FCT-IRS) has pledged to support the development and infrastructural drive of the FCT Minister, Mr Nyesom Wike in the territory. Mr Michael Ango, the new acting Executive Chairman of the service made the pledge when he assumed office in AbujaContinue Reading
By Rukayat Moisemhe Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has partnered the Asset Management Corporation of Nigeria (AMCON) to empower practitioners with the international best practices on business insolvency and asset management recovery. Both parties at an engagement on Monday in Lagos, stressed theContinue Reading
