The Ambassador of China to Nigeria, Yu Dunhai, has announced plans by Chinese companies to establish Africa’s first local insulin production facility in Nigeria. Speaking
Category: Business & Economy
Group hails FG reforms as GDP growth strengthens
The Hope Alive Initiative, a good governance advocacy group, has commended the Federal Government’s economic reforms under President Bola Tinubu, describing them as the driving
Zulum chairs committee to revive New Nigeria Development Company
Borno State Governor, Prof. Babagana Umara Zulum, has pledged the commitment of the Northern Governors’ Forum to reposition the New Nigeria Development Company Limited (NNDC)
NEFGAD slams BPP, labels defence of US procurement report “Weak and Deceptive”
The Network for the Actualization of Social Growth and Viable Development (NEFGAD) has faulted the Bureau of Public Procurement (BPP) for what it described as
Edo deepens rocurement reforms for transparency, accountability
The Edo State Government has intensified reforms in its procurement processes to strengthen transparency, accountability, and value-for-money in public spending. Governor Monday Okpebholo, in a
Customs suspends 4% FOB levy on imports
The Nigeria Customs Service (NCS) has announced the suspension of the 4% Free-on-Board (FOB) levy on imported goods following a directive from the Federal Ministry
NNPC boss seeks stronger African ties for energy security
The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, has called for deeper collaboration among African nations to secure the continent’s energy
NNPC showcases energy investment prospects at Gastech Milan
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has urged global investors to take advantage of vast opportunities in Nigeria’s energy sector. Group Chief Executive
FG clarifies 5% fuel surcharge, dismisses new tax fears
The Federal Government has clarified that the recently debated 5% fuel surcharge is not a new tax but an existing levy introduced under the Federal
Customs board approves $300 duty-free threshold, warns officers on misconduct
The Nigeria Customs Service Board (NCSB) has approved a De Minimis Threshold of $300 for low-value consignments imported through express shipments or passenger baggage, effective
