Nigeria’s Manufacturing Export Plunges by 166% to ₦778bn- World Bank

A newly published report ‘Africa Pulse’ by the World Bank, said the trend since 2019, has been downwards recording a significant decline to ₦960.7bn attributed to COVID-19 in 2020, while a minor recovery was recorded in 2021 at ₦1.15trn. However, in 2022 a huge drop to ₦781.1bn was recorded and another significant drop to ₦778.4bn was recorded in 2023….

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FG to Generate 6,000MW before End of 2024

By Adebayo Yusuf The federal Government says it has concluded plans to ramp up power generation to 6,000 megawatts from 4,000 megawatts by the end of this year. Minister of Power, Chief Adebayo Adelabu made this known during media engagement in Ibadan, Oyo state capital. According to Chief Adelabu, President Bola Tinubu’s led administration is…

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Cheaper CNG buses to slash transportation costs, curb inflation – Edun

The Federal Government has said the introduction of Compressed Natural Gas (CNG) buses under the Presidential CNG Initiative (PCNGi) will lead to a substantial reduction in transportation costs, ultimately helping to curb inflation. Finance Minister and Coordinating Minister of the Economy, Olawale Edun, stated this during a visit to the JET Motor Company (JET) Assembly…

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Experts Kick against 0.5% Cybersecurity Levy

By Micheal Adeyemo Two Financial Experts have appealed to the federal government to make Cyber Security levy part of budgetary allocation, rather than imposing it on Nigerians. The Financial Experts, Mr Bello Muhammad and Mr Wale Akintola made this known on Pensioners FM’s Weekend Current Affairs programme “Voice of Liberation”. Mr Muhammad and Mr Akintola,…

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IMF Urges Nigeria to Regulate Crypto Trading Platforms

The International Monetary Fund has advised Nigeria to ask global crypto trading platforms to register or obtain licenses to operate in the country, subjecting them to regulatory requirements. This recommendation was made in the IMF’s latest staff report, released on Thursday, following the conclusion of its 2024 Article IV consultation with Nigeria. The IMF emphasised…

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