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Category: Business

Business Economy headline

Nigeria has idle gas fields but cannot produce enough to power our economy – Elumelu

Iheanyi Ejiofor August 28, 2023 No Comments #Idle gas fields#Tony Elumelu

Our reporter/ The founder of the Tony Elumelu Foundation (TEF), Tony Elumelu on Sunday called for investments in Nigeria’s power sector to boost the economy and 21st Century industrialisation. Elumelu,…

Read More Nigeria has idle gas fields but cannot produce enough to power our economy – Elumelu
Business Economy headline

FG, World Bank partner to rollout digital national IDs for Nigerians

Iheanyi Ejiofor August 27, 2023 No Comments #Digital IDS#World Bank

The World Bank is collaborating with the federal government to ensure the successful rollout and registration of digital national IDs for all Nigerians. Shubham Chaudhuri, the Bank’s country director for…

Read More FG, World Bank partner to rollout digital national IDs for Nigerians
Business Economy headline

Nigeria’s GDP growth slows to 2.51% – NBS

Iheanyi Ejiofor August 25, 2023 No Comments #GDP growth#the National Bureau of Statistics (NBS)

Our reporter/ Nigeria’s gross domestic product (GDP) grew by 2.51 percent in the second quarter (Q2) of 2023, the National Bureau of Statistics (NBS) said in a report on Friday.…

Read More Nigeria’s GDP growth slows to 2.51% – NBS
Business Economy headline

FG plans to stop fuel importation, says PH refinery to begin operations by Dec

Iheanyi Ejiofor August 25, 2023 No Comments #Fuel importationPort Harcourt refinery

Our reporter/ The Port Harcourt refinery will begin operations by December 2023, the Federal Government assured on Friday. Heineken Lokpobiri, minister of state for petroleum resources (oil), gave the assurance…

Read More FG plans to stop fuel importation, says PH refinery to begin operations by Dec
Business Economy headline

FIRS to charge VAT on companies trading in TV masts, cell towers from September 1

Iheanyi Ejiofor August 25, 2023 No Comments #FIRS#VAT

The Federal Inland Revenue Service (FIRS) on Friday disclosed that from September 1, 2023, 7.5 percent value added tax (VAT) will be charged on items excluded from building. The revenue…

Read More FIRS to charge VAT on companies trading in TV masts, cell towers from September 1

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