The Central Bank of Nigeria (CBN) has encouraged businesses to adopt export activities as a strategy to maximise opportunities presented by the weakened naira. This appeal was made by the Deputy Governor of Economic Policy, CBN, Muhammad Abdullahi, on Tuesday during his keynote address at the 11th National Economic Outlook: Implications for Businesses in Nigeria 2025, organised by the Chartered …

The Federal Government said on Thursday that the country was poised to begin local production of military equipment with the recent signing of the Defence Industries Corporation of Nigeria Bill by President Bola Tinubu. The Minister of Defence, Muhammad Badaru, said following the signing of the bill, the Federal Government had been in talks with about 50 local and internal …

  The Rural Electrification Agency (REA) has announced a partnership with CrossBoundary Energy Access Assets Nigeria Limited, a subsidiary of CrossBoundary Access, a leading project financer of mini-grids in Africa, and ENGIE Energy Access Nigeria, a leading provider of solar home systems and mini-grid solutions. This collaboration is set to bring clean and stable electricity to 15 rural communities spread …

Consumers of goods and services and companies paid about N1.18 trillion as taxes to the government in the first quarter of 2023, according to the latest reports by the National Bureau of Statistics. This represents a slight increase from the N1.14 trillion that was raised in Q1 2022. The N1.18 trillion was raised from Value Added Tax (VAT) and Company …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that it would support indigenous oil companies with the right policies and regulations to grow. During a visit to the exhibition booth of Green Energy International Limited at the Offshore Technology Conference in Houston, Texas, United States, NUPRC Chief Executive, Engr. Gbenga Komolafe said that the oil and gas industry regulator …

The Minister of Communications and Digital Economy, Isa Pantami has asked telecommunication firms and other stakeholders in the sector to ignore any attempt to impose a five per cent excise duty on telecom services. According to the minister, the sector has been excluded from excise duty tax with approval from President Muhammadu Buhari, which was announced on the 21st March, …