Industry & Money
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323Pension Funds Crossed ₦20tr in May –PenCom
The value of pension funds in Nigeria increased by 2.23 per cent month-on-month to cross the N20tn mark to N20.23tn in May...
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147FG Exempts GenCos, DisCos, Others From Withholding Tax
The federal government has categorised all electricity companies, including the Generation and Distribution Companies (GenCos and DisCos), as those exempted from the...
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238FG Increases Rate of Mining Licences
The Ministry of Solid Minerals Development has announced new rates for mining licences to enhance the ease of doing business and consolidate...
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252Nigeria Wins Right to Host $5b African Energy Bank
The federal government announced on Thursday that Nigeria has been granted the hosting rights for the $5bn African Energy Bank. It said...
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238CNG Takes Only 3% of Nigeria’s Gas
Only 3% of Nigeria’s gas is currently deployed to produce the Compressed Natural Gas (CNG). The Minister of State, Petroleum Resources (Gas),...
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199Nigeria Targets $1tr Economy by 2030, Launches Initiative
The federal government has launched a new initiative to establish an operating model and framework for Economic and Financial Inclusion, aiming to...
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698ATCON: Weak Investment in Telecoms Sector, High Cost of Smartphones Impeding 4G, 5G Penetration
President of the Association of Telecoms Companies of Nigeria (ATCON), Tony Emoekpere, has attributed the slow penetration rate of the fourth generation...
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199
FG Issues Fresh Regulations on Deduction of Withholding Tax at Source
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has released fresh regulations on withholding tax under the Capital...
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323Credit to Government Rises by 42% to ₦28.4tr
Credit to the government rose by N8.4 trillion or 42 per cent, month-on-month to N28.4 trillion in May from N19.98 trillion in...
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346Rail Transport Revenue Rises 122% to ₦2.11b
Rail transport revenue grew by 122 percent, Year-on-Year, YoY to N2.11 billion in the first quarter of 2024 (Q1’24) from N949.94 million...
