Nigeria’s new withholding tax regime exempts farmers and small businesses, offering financial relief and promoting economic growth.
Economic Growth
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President Bola Tinubu urges international financiers to consider strategic investments in Africa, particularly in agriculture, to drive economic growth and development
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Nigeria secures a $500 million World Bank loan to enhance electricity distribution, aiming to improve power supply and support economic growth.
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Nigeria’s Minister of Mines and Steel Development has disclosed that the country spends a staggering $8 billion annually on the importation of steel products. This revelation underscores the significant reliance…
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Lagos State Governor, Babajide Sanwo-Olu, advocates for a single-digit interest rate regime to propel the growth of Micro, Small, and Medium Enterprises (MSMEs). Sanwo-Olu’s call comes as part of efforts…
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The Nigerian Federal Government recognizes the Marine and Blue Economy Ministry’s importance in achieving its $1 trillion economy goal. Efforts to enhance port efficiency and automate processes align with ambitious economic targets.
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Minister of Industry, Trade, and Investment Dr. Doris Uzoka-Anite unveils the government’s resolve to address unemployment and boost economic growth.
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The Federal Executive Council (FEC) in Nigeria has set forth a budget proposal of N26.01 trillion for the upcoming fiscal year in 2024. This proposal will be submitted to the…
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Business
MAN Advocates for Specialized Manufacturers’ Bank, Seeks Enhanced Support for Sector’s Growth
The Manufacturers Association of Nigeria (MAN) urges the establishment of a dedicated manufacturers’ bank to streamline financial support for the sector, mirroring institutions like the Bank of Agriculture. Francis Meshioye,…
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Nigerian banks have increased their lending to the private sector to a record high of N54.76 trillion in August 2023, partly driven by the foreign exchange revaluation gains from the…