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Economy
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Nigeria implements new strategy to combat predatory contracts amidst $2.3 trillion infrastructure gap
The Nigerian government is introducing a standardized Model PPP Agreement to minimize contractual disputes and secure investments as it seeks to bridge a massive $2.3 trillion infrastructure gap.
Air Peace CEO Urges President Tinubu to Address Airline Industry Crisis
Air Peace Chairman Allen Onyema is calling for urgent intervention from President Bola Tinubu to address the rising operational costs and multiple taxes threatening the survival of Nigerian airlines.
CBN Governor Cardoso Establishes Naira Ambassadors Club to Encourage Currency Preservation
Central Bank Governor Olayemi Cardoso has introduced the Naira Ambassadors Club for FCT students to encourage the proper care of Nigeria's currency and reduce replacement costs.
High Clearing Fees Drive Vehicle Smuggling, Customs Reports 870 Seizures
Industry experts attribute the rise in vehicle smuggling to excessive port duties and shipping costs, as Customs reports the seizure of 870 vehicles worth N3.88 billion.
Federal Government Urges Immediate Drop in Cement Prices
Minister of Works David Umahi has called on cement producers to lower their prices to avoid stalling critical infrastructure projects, with government talks scheduled for July.
Government to Meet with Cement Makers on July 1 to Tackle Price Hikes
Minister of Works David Umahi plans to meet with cement producers on July 1 to address soaring prices that are impacting national infrastructure projects.
Alan Greenspan, Legendary US Federal Reserve Chair, Passes Away at 100
Alan Greenspan, the influential former US Federal Reserve chairman who steered the American economy for nearly two decades, has died at age 100.
Fuel Prices Drop at Nigerian Stations Following Dangote Refinery Adjustments
Several Nigerian fuel stations have lowered pump prices by up to N55 per litre, following recent pricing adjustments at the Dangote Refinery.
KADIRS Aims for N20 Billion Monthly Revenue Through Fiscal Reforms
Kaduna State Internal Revenue Service Chairman Jerry Adams announced a new monthly revenue target of N20 billion, supported by recent fiscal reforms and increased taxpayer trust.
Optimism over US-Iran peace accord drives drop in oil prices
Oil prices fell sharply on Monday following reports that the United States and Iran are nearing a peace deal that could reopen the vital Strait of Hormuz.