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Tomato “Ebola” Threatens Nigeria’s Agricultural Sector – Rewane
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Speaking on Channels Television In the ‘Business Morning’ program on Thursday, Rewane highlighted that the effects of the outbreak go well beyond tomatoes, causing a ripple in costs throughout the entire food market. An rise in the price of tomatoes triggers cost elasticity, causing the prices of alternative products such as carrots, tomato paste,…
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NEPC and NBS Ink Pact for Enhanced Data Capture
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The Nigerian Export Promotion Council (NEPC) and the Nigerian Bureau of Statistics (NBS) have entered into an agreement through a Memorandum of Understanding (MoU) aimed at streamlining data gathering related to Informal Cross Border Trade. At the signing ceremony conducted in Abuja, Nigeria’s capital city, Nonye Ayeni, who serves as the executive director and…
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Fed Acknowledges Stagflation Risks: deVere Warns Investors Must Act Swiftly
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The Federal Reserve has finally voiced what was previously unspoken: stagflation is not merely a remote possibility but a distinct and immediate concern. For several months, officials have skirted the issue. But now, they’ve shed their reservations. Here is Nigel Green, the CEO of leading financial advisory firm, presenting his analysis. deVere Group following…
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CBN Rakes in N598.3B via Treasury Bill Auction: International Edition
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The Central Bank of Nigeria (CBN) has allocated N598.33 billion worth of Nigerian Treasury Bills through three varying maturity periods, with the 365-day bill leading the auction, representing 80% of the overall sales and subscriptions. A total of ₦482.62 billion was sold for the 365-day tenure, indicating significant investor interest in the long-term instrument.…
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Senate Approves Final Two Pieces of Tax Reform Legislation
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ABUJA – On Thursday, the Senate, during a full session, approved the remaining two out of four Tax Reform Bills, after passing the first two on May 7. Remember, the two bills that have been approved are the Joint Revenue Board Establishment Bill 2025 and the Nigerian Tax Bill 2025. The passage ensued after…
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Revenue Reset: GRA Boosts Efforts to Enhance Tax Collection and Compliance
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The Ghana Revenue Authority (GRA) is intensifying its initiatives to improve tax collection and boost adherence to regulations, which supports the government’s larger plan to revitalize the country’s economy. Following this, Acting Commissioner-General Anthony Kwasi Sarpong has presented a detailed plan aimed at expanding the tax base, targeting a substantial revenue collection of GH¢200…
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Rwanda and UAE Company Ink Deal for Printing and Manufacturing
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Rwanda and E7 Group, which is part of ADQ—a sovereign wealth fund located in Abu Dhabi, United Arab Emirates, with expertise in secure printing—have entered into an agreement. This pact aims to facilitate the creation of a production plant within Rwanda’s borders. The framework agreement was signed on May 8 by the Rwanda Development…
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Investors Demand Mentorship to Boost Kenya’s Startup Growth
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Participants in the startup community are urging seasoned business owners to share their accumulated wisdom and expertise with emerging entrepreneurs, aiming to foster the long-term development of the nation’s startups. Data from the Kenya National Bureau of Statistics indicates that almost 500,000 new businesses cease operations within their initial year, largely because of factors…
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Kigali’s Crisis: Over 6,000 Properties Illegally Built in Wetlands and Hazardous Zones
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The Auditor General, Alexis Kamuhire, has expressed concerns over approximately 6,242 parcels of land identified within wetlands and other inappropriate zones for development, highlighting the risk of significant economic loss affecting both real estate holders and the state. ALSO READ: ‘ Preventative audits ‘ might save millions of Rwandan francs lost in public initiatives.…
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Gates Foundation Unveils $200B Pledge by 2045: A Landmark 25th Anniversary Commitment With a Sunset Clause
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To commemorate its 25th year, the Bill & Melinda Gates Foundation has declared a historic pledge to allocate $200 billion over the coming two decades, with plans to extend operations until 2045. This landmark promise, which stands as the biggest charitable contribution in contemporary times, was disclosed through an announcement made by Foundation Chairman…