▪︎ECOWAS Office, Abuja . Finance Ministers and Central Bank Governors from the 15 Economic Community of West African States, have advanced plans to launch the single currency initiative, known as the ECO. The ECO is envisioned to propel economic growth and development throughout the West African sub-region, received Nigeria’s endorsement. The single currency is part…
At the meeting, LCCI President, Mr. Gabriel Idahosa, stated that the Lagos Chamber of Commerce and Industry (LCCI) is committed to strengthening bilateral relations between Nigeria and China.
The Minister of Solid Minerals Development, Dele Alake, says that investors applying for a Mining Lease license would pay N3 million, while Small Scale Mining Lease (SSML) applicants will pay N300,000 for the first two cadastral units. The Minister also said : “The cost to obtain an Exploration Licence (EL) is N600,000 for the first…
Mining is a win-win thing if done responsibly, but destructive and disruptive when it is irresponsibly carried out.
▪︎Dele Alake The Senate is worried about Nigeria missing out of the $110 billion bitumen global market. The apex legislative Chamber, through its Committee on Solid Minerals, made the revelation on the $110 billion global bitumen market during public hearing on a bill seeking for an Act to establish Bitumen Development Commission. The public hearing…
“Nigeria has been designated as the next host for the Arab Africa Trade Bridges (AATB) Program Board of Governors meeting, which will take place in Abuja next year. These developments clearly demonstrate Nigeria’s continued significance on the global stage and our commitment to nurturing international trade relationships. We’re looking forward to welcoming delegates to Abuja…
▪︎Image: President Bola Tinubu; Aliko Dangote, and Wale Edun. Source : State House photo ” As a nation, it is so shameful that we are still generating 4.5GW of electricity,” said President Tinubu, today, during the launch of Presidential Economic Coordination Council (PECC) and the Economic Stabilization Programme to ensure food security, improved power supply,…
The GSC Agronomy Manager, Mr M. Venkat, said they had 120 varieties in their germplasm, but they didn’t have this particular variety in their field and that they discovered that this variety has a higher yield than most of the ones they have
Dr Olusegun Aganga, the former Minister of Industry, Trade and Investment, urged the federal government to declare the manufacturing sector a national priority sector and back it up plans, policies and money.
Withholding Tax is a method of collecting Income Tax in advance, deducted at rates ranging from 5 percent to 10 percent based on the transaction. Returns are due by the 21st of the following month.
