Economy/Business - News Agency Of Nigeria

Free trade zones scheme generates N35.1bn customs duty in 2021 – NEPZA

On: April 3, 2023

By Ella Anokam The Nigeria Export Processing Zones Authority (NEPZA), says that the Free Trade Zones (FTZs) Scheme generated a total of N35.1 billion for government as Customs Duty in 2021. The authority said the sum of N408.3 million was also remitted as Pay As You Earn (PAYE) taxes inContinue Reading

Free trade zones: NEPZA tackling knowledge gap challenge, others — Adesugba

By: Afonne Emmanuel

On: April 3, 2023

In: Economy/Business

By Ella Anokam The Nigeria Export Processing Zones Authority (NEPZA), says steps are being taken to resolve challenges of knowledge gap of the Free Trade Zones (FTZS) scheme by policymakers and stakeholders. Prof. Adesoji Adesugba, the Managing Director and Chief Executive Officer of NEPZA said this on Sunday in AbujaContinue Reading

Expert wants leaders elect to adopt insurance for more IGR

By: Afonne Emmanuel

On: April 3, 2023

In: Economy/Business

By Ginika Okoye Mr Ekerete Gam-Ikon, an insurance expert has advised elected leaders at all levels to adopt insurance as their strategic action toward improving Internally Generated Revenue (IGR) in states. Gam-Ikon, the Convener of Insurance September, an insurance platform, in a document on Sunday said the revenue could beContinue Reading

Licensed money lenders warn loan defaulters against practice

By: Afonne Emmanuel

On: April 2, 2023

In: Business

By Rukayat Moisemhe Money Lenders Association has warned individuals to desist from obtaining loans from licensed money lending platforms and deliberately refuse to liquidate such loans. Mr Gbemi Adelekan, President, Money Lenders Association, read the Riot Act to online loan defaulters in an interview with the News Agency of NigeriaContinue Reading

Calabar Port on course for economic prosperity- Port Manager

By: Ismail Abdulaziz

On: April 2, 2023

In: Business

By George Odok Mr Festus Olumati, Port Manager, Nigerian Port Authority (NPA), Calabar Port, has said that the volume of vessels berthing at the Calabar Port has led to massive economic prosperity. Olumati said this on Sunday in Calabar while on an oversight duty at the Port terminal where overContinue Reading

FG partners coy to sanitise, drive oil sector

By: Ismail Abdulaziz

On: March 30, 2023

In: Economy/Business

By Lucy Ogalue The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will partner Oil Trading and Logistics (OTL) Africa Downstream to sanitise and drive the country’s oil and gas industry. The Authority Chief Executive (ACE) of NMDPRA, Mr Farouk Ahmed, said this when a team of theContinue Reading

Debt deficit: DMO, Centre task incoming administration on revenue generation

By: Salisu Sani Idris

On: March 30, 2023

In: Economy/Business

By Angela Atabo Debt Management Office (DMO) and African Centre for Leadership, Strategy and Development (Centre LSD) have tasked the incoming government on revenue generation to tackle Nigeria’s debt deficit. The stakeholders made the call on Wednesday, in Abuja at a one-Day Leadership and Development Policy Dialogue Series (LDPDS) withContinue Reading

Berger Paints unveils new logo for global competitiveness

By: Afonne Emmanuel

On: March 30, 2023

In: Business

By Rukayat Moisemhe Berger Paints Nigeria Plc has unveiled a new logo in a bold move to reposition the company for global competitiveness, increase earnings and boost shareholders value. The unveiling which held in Lagos had in attendance some members of the company’s board of directors, representatives of the shareholdersContinue Reading

Afreximbank proposes creation of “Domestic Financial System’’ for Africa’s development

By: Vivian Ihechu

On: March 29, 2023

In: Economy/Business

By Lydia Ngwakwe Prof. Benedict Oramah, President/Chairman, Board of Directors of African Export-Import Bank (Afreximbank), has proposed creation of a Domestic Financial System that would allow Africa develop, prosper and earn respect. He made the proposal at the Chartered Institute of Bankers of Nigeria (CIBN) Annual Lecture with theContinue Reading

Oil exploration in Benue trough key to prosperity, energy security – Buhari

By: Rabi'u Sani Ali

On: March 28, 2023

In: Economy/Business

By Ismaila Chafe President Muhammadu Buhari says the discovery and drilling of oil in Nasarawa State will lead to greater prosperity for Nigerians as well as enhance overall energy security for the country. The president stated this in his virtual message to the official spud-in of the Ebenyi-A Well locatedContinue Reading

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