By Philip Yatai Presidential Fiscal Policy and Tax Reform Committee says it will use the Federal Capital Territory (FCT) as a model in the implementation of harmonisation of taxes in the country. The Chairman, Mr Taiwo Oyedele, disclosed this during a meeting on harmonisation of revenue administration in Abuja onContinue Reading
By Rukayat Moisemhe Economic experts have highlighted the need to explore the frontiers that the Nigerian non-metallic industry presented as part of the country’s economic diversification agenda. The experts spoke at the 2024 Annual General Meeting of the Non-Metallic Mineral Products Sectoral Group of the Manufacturers Association ofContinue Reading
By Okeoghene Akubuike The National Bureau of Statistics (NBS) says the unemployment rate in Nigeria increased to 5.3 per cent in Q1 2024 from the 5.0 per cent recorded in Q3 2023. The NBS said this in its Nigeria Labour Force Survey for Q1 2024, released in Abuja on Tuesday.Continue Reading
By Lucy Ogalue Stakeholders at the Abuja International Trade Fair (AITF) have stressed the importance of efficient transportation networks in driving business success and ensuring economic growth. The emphasis was made during the official opening of the AITF in Abuja, where the theme “Mobility: Options for Transportation, Trade Financing, andContinue Reading
By Okeoghene Akubuike Dr Jobson Ewalefoh, the Director-General of Infrastructure Concession Regulatory Commission (ICRC) has said that the construction of the 3.5 billion dollar Bakassi Deep Seaport would soon begin. This is contained in a statement issued by Ifeanyi Nwoko, ICRC’s Acting Head of Media and Publicity in Abuja onContinue Reading
By Martha Agas The Federal Government has signed a Memorandum of Understanding (MoU) with the Russian firm, Tyazhpromexport (TPE), the original builders of the Ajaokuta Steel Plant, and members of its consortium in Moscow. The move is part of President Bola Tinubu’s administration’s efforts to resuscitate the steel company andContinue Reading
By Rukayat Moisemhe Stakeholders have called for increased investments in skills development, infrastructure and creative enterprises for Nigeria to fully harness the potential of its creative economy. The stakeholders made the call at the American Business Council (ABC) Creative Investment Forum with the theme: “Innovation Meets Imagination”. The eventContinue Reading
By Mercy Omoike The Federal Government on Wednesday embarked on weights and measures surveillance in Lagos State in a bid to promote consumer protection. The exercise is part of the government’s ongoing multi-sector surveillance across the country. The News Agency of Nigeria (NAN) reports that the surveillance isContinue Reading
By Okeoghene Akubuike The Federal Government, through the Infrastructure Concession Regulatory Commission (ICRC) is set to audit all Public Private Partnership (PPP) projects to ascertain their performance. Mr Ifeanyi Nwoko, Acting Head of Media and Publicity, ICRC, said this in a statement on Wednesday in Abuja. Dr Jobson Ewalefoh, Director-General,Continue Reading
By Constance Athekame The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Kogi State to the Kogi State Electricity Regulatory Commission (KSERC), as announced on its website on Wednesday in Abuja. This decision aligns with the amended Constitution of the Federal Republic ofContinue Reading
