January 2025 – Page 64

Tax Reform Bills: We Want To Drive Revenue, Support Investments –Deputy Speaker

24.01.2025

Deputy Speaker of the House of Representatives, Benjamin Kalu, has said the major aim of the tax reform bills is to raise the revenue profile of the country and also support investments both locally and internationally. He disclosed this at a meeting on UK -Nigeria Strategic Dialogue with the Deputy Leader, House of Lords and...

CBN urges businesses to embrace export

24.01.2025

The Central Bank of Nigeria has advised businesses to embrace exporting activities in a bid to harness value from the weak state of the naira. This call was made by the Deputy Governor, Economic Policy, Central Bank of Nigeria, Muhammad Abdullahi, on Tuesday during his keynote address at the 11th National Economic Outlook: Implications for...

2027: Group Backs Seyi Tinubu To Contest Lagos Guber

24.01.2025

A youth group under the aegis of Southern Youth Movement (SYM) yesterday asked Seyi Tinubu to contest the 2027 Lagos State governorship. In a statement by National President Promise Lawuru, the group said they have 101 reasons why Seyi should be the next governor of the state. The statement said:“Agewise, he is eligible to contest...

Debt servicing gulped N3.57tn in Q3 2024 – DMO

24.01.2025

Nigeria’s total debt service costs, including external and domestic obligations, rose in the third quarter of 2024, reflecting the combined impact of increased external debt service payments and currency depreciation. The total debt service cost for Q3 2024 reached an estimated N3.57tn, marking a quarter-on-quarter increase of N60bn or 1.71 per cent from N3.51tn recorded...

Sammya Nigeria Gets ISO Certification Of Competence

24.01.2025

A Nigeria-based Engineering/Construction Company, Sammya Nigeria Limited, has been awarded ISO 9001:2015 certification in Engineering/Construction work by the IAF, a member of the Multilateral Recognition Arrangement. The certification encompasses expertise in Engineering, Infrastructure, Roads, Bridges, and Building Construction. The certificate, issued on October 23, 2024, remains valid until September 23, 2026. The Managing Director of...

Adult Children Of Divorced Parents Face Stroke Risk –Study

24.01.2025

A recent study by researchers in the United States and Canada has found that older adults are at greater risk of having a stroke if they experienced their parents divorcing during childhood. Results of the study were published online in ‘PLOS One’. Among Americans aged 65 and older, one in nine whose parents had divorced...

Researcher Oluwafemi invents models for economic risk management

24.01.2025

A researcher from the Department of Mathematical Sciences at Adekunle Ajasin University, Ondo State, Olatunji Oluwafemi has invented advanced numerical models designed to address economic risks and dynamics, according to a statement released on Monday. The statement emphasised the increasing need for precise computational methods across various sectors, including environmental modelling, chemical processes, and economic...

Sultan Maccido Institute Moves To Boost Girls’ Education

24.01.2025

Sokoto State-owned Sultan Maccido Institute for Qur’anic and General Studies is to partner with the Ministry for Local Government and Chieftaincy Affairs to boost girls’ education enrollment. Director Abubakar Alhaji said the partnership is necessary due to the decline in girls’ enrollment, particularly in the school. Abubakar attributed the decline to parents’ reluctance to enroll...

FG releases N22bn for accrued pension rights – Punch Newspapers

24.01.2025

The National Pension Commission has revealed that the Federal Government has released an additional N22bn through the Office of the Accountant-General of the Federation for accrued pension rights of retirees in MDAs under the Contributory Pension Scheme. In a statement released on its Instagram page on Tuesday night, PenCom said it was for those who...

FG targets N1.25tn revenue from wheat production – Punch Newspapers

24.01.2025

The Federal Government has proposed to generate N1.25tn from wheat production in 2025. The goal is part of the ongoing National Agricultural Growth Scheme and Agro-pocket Project, a platform aimed at increasing food security through the distribution of subsidised agricultural inputs to registered farmers nationwide. The National Project Coordinator of NAGS-AP, Ishaku Buba, disclosed this...