Economic Confidential

Economic Stimulus: FG Plans Lower Taxes for SMMES

The Federal Government is set to reduce the income tax rates payable by Small, Micro and Medium Enterprises (SMMEs) in the country to encourage more start-ups in Small, Micro and Medium Enterprises, boost the profitability of the existing ones,...

FG Says No Decision Yet on Sale of National Assets

...Approves new bill to develop water sector The Federal Executive Council (FEC) is yet to take a decision on whether to resort to the sale of national assets to bail the economy out of recession. Answering questions from State House correspondents...

Firms to Build Mini Refineries in Nigeria

Evolve Trading & Investment Limited with offices in the United Kingdom and Nigeria has signed a Memorandum of Understanding with Awaritse Nigeria Limited, a local oil servicing company, to build mini refineries with the capacity to process crude oil,...

ANEEJ Backs Probe of $17bn Undeclared Oil Exports

The Africa Network for Environment and Economic Justice has said the plan by the National Assembly to probe the alleged $17bn undeclared crude oil and gas exports is a step in the right direction. The group said in a statement...

Power Sector Faces Collapse — Frontier Oil CEO

The Chief Executive Officer of Frontier Oil Limited, Mr. Dada Thomas, has warned that the nation’s power sector risks collapse, urging the Federal Government to act fast. He stressed the need to address the problem of gas production as 80...

NNPC Can Quickly Get Us Out of Recession -Obasanjo

Former President Olusegun Obasanjo has said the Nigerian National Petroleum Corporation can help the country quickly get out of recession. Obasanjo stated this during a courtesy call on him by the Group Managing Director, NNPC, Dr. Maikanti Baru, in Abeokuta. The...
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