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Saturday, July 4, 2020

Nigeria woo new telecom, ICT investors with 30% reduction in tax

The Federal Government has said new telecom and ICT investors will get 30 percent reduction in company and income tax payment when they stake their investments. The Executive Vice Chairman of the Nigerian Communications Commission (NCC) Professor Umar Garba Danbatta said this yesterday at the...

Nigeria, Russia Sign MoU on Devt of Railway Infrastructure, Supply of Rolling Stock

Trans-Continental Infrastructure Company (TCIC), a Nigerian based infrastructure development company, has signed an MoU with JSC Transmashholding (TMH), the largest rolling stock engineering company in Russia, on the development of railway infrastructure and supply of rolling stock in Nigeria. TMH, alongside its strategic partner, RZD...

Emefiele, finance minister woo global investors to Nigeria

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele and Finance Minister, Mrs. Zainab Shamsuna Ahmed took advantage of the on-going 2019 Spring Meetings of the International Monetary Fund (IMF)/World Bank to market Nigeria’s vast investment opportunities. At an interactive session in Washington,...

Coronavirus: Cacovid orders supplies for 400,000 covid-19 tests to increase Nigeria’s testing capacity

…PLANS FOOD RELIEF PACKAGE FOR 1.7MILLION HOUSEHOLDS The Private sector-led Coalition Against COVID-19 (CACOVID) has ordered for 250,000 supplies for tests and another 150,000 extraction kits to fast-track molecular testing for the deadly coronavirus, noting that the reality of the situation at hand was such...

FG to Re-Sell Yola Disco, Two Power Plants in Fresh Privatisation Move

Nigeria will attempt to re-sell the Yola Electricity Distribution Company (Disco), which was returned to it in 2015 by a core investor after declaring a force majeure on its operation of the network, as well as two gas power generation plants The paper gathered from...

Nigeria, World Bank in talks over $3bn Power Sector Loan

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, and other top government officials will exploit the opportunity of the ongoing annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington DC, United States of America to firm up...

Nigeria’s Unveils Ease of Doing Business reforms, targets 70% performance rate

In an expanded meeting of the Presidential Enabling Business Environment Council, a new National Action Plan intended to drive the ease of doing business reforms in the country have been approved. "We restate our commitment to ensuring that we deliver on the ease of doing...

Nigeria, China partner to enhance security, others

China has said it stands ready to enhance its security cooperation, expand inclusive development, improve connectivity and deepen people-to-people understanding with Nigeria through the Belt and Road initiative (BRI). Chinese Ambassador to Nigeria, Mr Zhou Pingjian, said this at the Abuja-Beijing Consensus Roundtable in Abuja...

Nigeria Plans Waste Management Infrastructure to Protect Coast Against 200,000-Ton Annual Waste Dump

Nigeria announced a plan to rid its waters of marine litter, including plastics, and end the dumping of 200,000 tons of waste annually in its Atlantic waters. “Being a state that depend on the ocean for our economic activities, it is in our best interest...

Why Mambilla Power Project Won’t Benefit From $311m Abacha Loot, Says Garba Shehu

The Presidency says it acted in error by adding the Mambilla project among those to benefit from the $311m loot by late former Head of State, General Sani Abacha, which was recently returned to Nigeria from the United States and the Bailiwick of Jersey. Garba...
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