The Centre for the Promotion of Private Enterprise has called for an amendment to the Customs Act and a stabilisation of the exchange rate used for customs duty calculations. …
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Nigerian govt defers loan disbursement for manufacturers, SMEs till September
The Federal Government has announced that the N150 billion loan disbursement for manufacturers and micro, small, and medium enterprises (MSMEs) will commence in September. This was confirmed by the Minister …
Read More »‘Recapitalisation may restrict entry to insurance sector’
Some stakeholders in the insurance sector have stated that the proposed recapitalisation would create new barriers to entry but could also benefit the sector regardless of the outcome. This …
Read More »FG eyes $500m W’Bank loan to boost education, health sectors
The Federal Government is targeting a $500m loan from the World Bank to tackle inadequate human resource issues in the country’s education and healthcare systems. The proposed loan, part …
Read More »Is 25% of the British NHS workforce Nigerian?
Claim: The Minister of Health and Social Welfare, Muhammad Pate, claimed that 25% of the United Kingdom’s medical workforce are Nigerians, adding that if they were to pull out of …
Read More »Telcos face investment drop over worsening economy
Nigeria’s telecommunications sector is reeling under the weight of a severe investment squeeze as the country’s worsening economic conditions continue to take a toll on the industry. The sector, …
Read More »FIRS seeks legislative backing to regulate crypto industry
The Federal Inland Revenue Service (FIRS) is seeking the support of the National Assembly to enact a comprehensive law regulating the cryptocurrency industry in Nigeria. The move comes as the …
Read More »NGX WEEKLY ROUND-UP: Investors gain N846bn as equities market crumbles
Investors in Nigerian equities market endured a torrid trading week on the floor of the NGX losing N846.53bn as market capitalization fell to N55.13trn from N55.98trn the previous week. This …
Read More »NMDPRA cracks down on illegal fuel sales amid scarcity
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Thursday, issued a stern warning to filling stations against supplying premium motor spirit (PMS), or petrol, to black marketers. The …
Read More »The importance of PVC in your building
Polyvinyl Chloride (PVC) is a synthetic plastic polymer made from the polymerization of vinyl chloride. It is one of the most widely produced plastics in the world, known for its …
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