Nigeria eyes fresh 480,000bpd as NNPC, ExxonMobil sign new deal
Good news for Nigeria’s oil production! The Nigerian National Petroleum Company (NNPCL) and ExxonMobil have reached a settlement agreement regarding…
Day: May 31, 2024
UPDC Declares 177% Income Growth
UPDC, a leading Nigerian real estate company owned by UAC, is experiencing a major turnaround. The company recently announced a…
Stakeholders Applaud Smooth Start Of Hajj Flights
This year’s airlift of Nigerian pilgrims to Saudi Arabia for Hajj is off to a great start! Pilgrims and stakeholders…
Lagos Innovation Bill Proposes Tax Holiday, Waiver For Start-Ups
Lagos is set to become a hub for innovation, according to a new policy proposal. The Lagos Innovation Bill aims…
Presidential tax committee recommends N800/$ Customs duty rate
Nigerian businesses are likely to welcome a new proposal that could make planning and budgeting easier. The Presidential Committee on…
FG secures World Bank’s $500 million loan for electricity sector
Nigeria’s power sector is set for a shot in the arm with a $500 million loan from the World Bank.…
Credit to government rises 2% to N19.98trn
Nigeria’s government borrowing increased slightly in April, to N19.98 trillion, despite analysts’ predictions of a continued decline. This rise comes…
Customs pushes for a single document, PCS for cargo clearance
Nigerian Customs Aims to Simplify Trade with Single Clearance Document Nigerian Customs is working towards a system that uses a…
Naira falls further as dollar sales drop by 30.05%
The Nigerian Naira continued its decline against the US Dollar on Thursday, losing over 10% of its value at the…
Nigerian drugmakers see 58% revenue rise as prices soar
Nigerian pharmaceutical companies are experiencing a surge in revenue, with a combined increase of 58% in the first quarter of…