ECONOMY

The Nigerian Export Promotion Council (NEPC), on Tuesday said that Nigeria exported over 4. 146 million metric tonnes of non-oil products, worth 2.593 billion dollars from January to June 2022. The Executive Director of NEPC, Dr Ezra Yakusak, said this while presenting the first half year 2022 progress report to newsmen in Abuja. According to […]

President Muhammadu Buhari has nominated Malam Mohammed Shehu as the Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC). This is contained in a letter read by the President of the Senate, Dr Ahmad Lawan, at plenary on Wednesday. In a related development, Lawan, at plenary also forwarded Buhari’s request for confirmation of Mr […]

The Delta House of Assembly on Tuesday approved a request by Gov. Ifeanyi Okowa to take a N25 billion bank facility for oil palm production. The governor’s request is contained in a letter read at a plenary session by the Speaker, Chief Sherriff Oborevwori. Okowa said that the credit facility to be taken at the […]

The National Automotive Design and Development Council (NADDC) says it will partner a UAE-based firm to produce solar-powered tractors. The Director-General (DG) of the council, Mr Jelani Aliyu, disclosed this shortly after participating as a panelist at the Electric Vehicle Innovation Summit (EVIS), in Abu Dhabi, UAE, which was held from May 23 to May […]

The Federal Executive Council has approved a plan to incentivise and further harness Nigeria’s digital innovation and entrepreneurship ecosystem. This followed the presentation of a memo by the Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim Pantami. The approval, according to the ministry will enable the implementation of strategies to encourage and support […]

The Nigeria Customs Service (NCS) says the suspended Vehicle Identification Number (VIN) Valuation on imported vehicles to be deployed on Friday has been imputed with human face values. The Controller Valuation of NCS headquarters, Comptroller Anthony Udenze, made this known at a sensitisation programme ahead of the relaunch of VIN valaution on Thursday in Lagos. […]

One hundred and twenty sponsored scholars are running their Masters and PhD programmes in Brazil with a view to under studying their agricultural revolution policy and its impact on the national economy. The scholars are sponsored by the Tertiary Education Trust Fund (TETfund) in partnership with the Agricultural Research and Innovation Fellowship for Africa (ARIFA). […]

  The Minister for Communication and Digital Economy, Isah Ali Pantami, said yesterday that the private sector controls about 91 per cent of financial flow into the country.   The minister spoke while briefing members of the House of Representatives on the importance of an Executive Bill seeking to create enabling environment for technology innovators […]