The Central Bank of Nigeria (CBN) has reduced its Ways and Means advances to the Federal Government by 59 percent, signalling a new phase of fiscal discipline under the leadership …
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NASSI Partners Dangote Group to Boost Investment in Nasarawa State
The Nasarawa State Chapter of the Nigeria Association of Small-Scale Industrialists (NASSI) has entered into a partnership with Dangote Industries Limited to explore new investment opportunities and boost industrial development …
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Govt delists CNG conversion centre over sharp practices
The Presidential Initiative on Compressed Natural Gas (PCNGI) has removed one of its key conversion partners, Charles Goriola Yakub of C & L Smart Energy Limited, over what it described …
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FG Launches Creative Economy Development Fund to Support Nigerian Creatives, Opens Applications
The Federal Government has launched a new funding programme called the Creative Economy Development Fund (CEDF) to support people working in Nigeria’s creative sector. The fund was introduced by the …
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EconomyELECTRICITYEnergyGOVERNMENTNigeriaPolicies
Tinubu to Meet Power Firms as FG Moves to Tackle N4tn Electricity Sector Debt Crisis
President Bola Tinubu is expected to meet with the leadership of Nigeria’s power-generating companies (GenCos) in a high-level intervention aimed at addressing the N4tn debt threatening the country’s already fragile …
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BusinessBusiness InsightsBusiness PoliciesEconomyEnergyInfrastructureNigeriaOil & GasPoliciesWestern Africa
Dangote Vows to Keep Fighting for $20bn Refinery Amid Alleged Sabotage
President of Dangote Group, Alhaji Aliko Dangote, has said he is still fighting for the survival of his $20 billion refinery in Lekki, Lagos State. Dangote, Africa’s richest man, revealed …
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Aviation Union Raises Alarm Over Safety, Revenue Cuts, and Labour Concerns
The President of the National Union of Air Transport Employees (NUATE), Ben Nnabue, has warned that the continued deduction of 50 per cent from the internally generated revenue (IGR) of …
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LCCI Projects $538m Yearly Agro-Processing Investment for Nigeria’s Growth
The Agricultural and Allied Group of the Lagos Chamber of Commerce and Industry (LCCI) has said Nigeria must invest at least $538 million every year for 10 years to grow …
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Experts Warn Tax Waiver Alone Won’t Fix Pharma Sector Problems
Stakeholders in Nigeria’s pharmaceutical industry have expressed concern that the recently introduced two-year import duty and VAT waiver on pharmaceutical raw materials may fall short of expectations unless the Federal …
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Business PoliciesEconomyGOVERNMENTInfrastructureINVESTMENTNigeriaPoliciesReal Estate
FG Partners Shelter Afrique to Push Affordable Housing With N1tn Real Estate Fund
The Federal Government of Nigeria has signed a Memorandum of Understanding with Shelter Afrique Development Bank to grow the housing sector by expanding the Ministry of Finance Incorporated Real Estate …