Business

•Urges operators of factories abroad to consider local manufacturing By Yinka Kolawole The Minister of Industry, Trade and Investment, Jumoke Oduwole, has said traders operating within the Lagos International Trade Fair Complex corridor contribute billions of naira to Nigeria’s Gross Domestic Product (GDP), describing the axis as one of the most vibrant commercial hubs in West […]

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By Babajide Komolafe The National Sugar Development Council (NSDC) and the Bank of Industry (BOI) have established a N10 billion Sugar Project Acceleration Fund (SPAF) to support the development of greenfield sugar projects across the country. The fund is designed to provide financing and project development support to viable greenfield initiatives, with the aim of accelerating […]

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By Udeme Akpan Dangote Petroleum Refinery & Petrochemicals has indicated its commitment to stabilising energy supply to Nigeria amid recent shocks in the international oil market.  The ongoing conflict in the Middle East has led to the shutdown of some refineries and cuts in refinery production across the world, resulting in a global scarcity of petroleum […]

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By Obas Esiedesa  The Federal Government has approved N100 billion under the National Public Sector Solarization Initiative (NPSSI) to provide reliable electricity to public institutions across the country. Managing Director of the Rural Electrification Agency (REA), Engr. Abba Aliyu, disclosed this yesterday, during a visit by the Administrator of NJI, Justice Babatunde Adejumo, to the […]

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The Federal Ministry of Finance has clarified that capital projects across Nigeria remain active despite concerns over low cash releases to ministries, departments, and agencies (MDAs). While budget execution rates for some MDAs may appear low, capital project implementation has not been abandoned, the ministry said. The clarification, detailed in a document titled “Deepening Public Understanding of […]

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By Yinka Kolawole,  with agency report Not less than 12 states have enacted the tax harmonisation law considered a crucial  part of the broader tax reform agenda introduced by the administration of President Bola Tinubu. Speaking in Abuja yesterday, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms  and Minister of State for […]

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