maximize

Increase or make the most efficient use of something.

Chairman and Executive Director of Anambra State Board of Internal Revenue Services Clash Over Revenue Profile

There is an ongoing clash between Dr. Greg Ezeilo, Chairman of Anambra State Board of Internal Revenue Services, and Dr. Christian Madubuko, the Executive Director of Operations, over the revenue profile of the state. Each party is accusing the other of peddling false information. This clash is also affecting their supporters in revenue collection.

ECOWAS Ranks Low in Trading Among West African Countries, Nigeria Customs Expresses Disappointment

The Nigeria Customs Service (NCS) has expressed disappointment over the poor trading performance of West African countries within the Economic Community of West African States (ECOWAS). Despite having a significant population advantage, ECOWAS ranks fourth in intra-African trade, lagging behind other regional trade blocs. The Customs Area Controller, Compt. Dera Nnadi, highlighted factors such as non-adherence to transit agreements and border closure. The NCS pledges to adopt strategies to boost trade and enforce anti-smuggling laws.

Abia State Governor Commissions Umuokomiri - Obehie Road Reconstructed by ASOPADEC

The Abia State Governor, Dr. Alex Otti, has commissioned the reconstructed Umuokomiri - Obehie ring road in Ukwa West. The road, reconstructed by the Abia State Oil Producing Areas Development Commission (ASOPADEC), has been completed within a short period. The Governor plans to leverage the presence of gas in Ukwa to generate electricity and also initiate a ground breaking ceremony for the Abia Innovation and Industrial Park in Owaza.

DAMATURU IPAC Resolves Controversy over Local Government Elections in Yobe State

The Inter-Party Advisory Council (IPAC) in Yobe State has come to a resolution regarding the controversy surrounding the conduct of Local Government Elections by the State Independent Electoral Commission (SIEC). IPAC has united and reached a consensus to request the suspension of the upcoming November Local Government Election due to time constraints and economic difficulties faced by the political parties involved.

Nigeria Customs Service Vows to Tackle Under-Declaration of Goods

The Nigeria Customs Service (NCS) has embarked on a mission to address the issue of faulty documentation and under-declaration of goods by importers. Through continued engagement with stakeholders, the customs aims to educate and enforce proper customs procedures to ensure transparency and maximize revenue for the country.

AFAN sets up committees to bring down fertilizer prices for smallholder farmers

AFAN, the All Farmers Association of Nigeria, has established four committees to tackle the issue of high fertilizer prices in Nigeria. These committees will focus on areas such as seed quality, mechanization, science and technology, and fertilizer accessibility. The goal is to empower smallholder farmers and improve food security in the country.

Edo State Government Plans to Harness Solid Mineral Potential for Economic Growth

The Edo State government is set to tap into the vast untapped potential of solid minerals in the state. With abundant deposits of coal, lithium, and dolomite, the state can generate billions of dollars in revenue. To achieve this goal, the government has established new units in the Ministry of Mining and Energy. The commissioner for mining and energy, Hon. Enaholo Ojiefoh, shared these plans during an interactive session with the press. The government aims to create a comprehensive database of investments, opportunities, and stakeholders in the mining sector to facilitate the harnessing of these resources.

Oyo State House of Assembly Approves N50 Billion Revolving Overdraft for Development

The Oyo State House of Assembly has granted Governor Seyi Makinde's request to access a N50 billion revolving overdraft for the development of recurrent and capital expenditures in the state. This move will support the state government in meeting its financial obligations and funding various projects across Oyo State.

Minister expresses dissatisfaction with N85bn Wasa Affordable Housing project contract

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has expressed dissatisfaction with the N85 billion contract for the provision of infrastructure for the Wasa Affordable Housing project in Abuja. The contract was initially awarded at N26 billion in 2014 but was later revised to N85 billion in 2018. Wike believes that the government should not spend such a large amount for infrastructure provision without benefiting from it.

Nigerian equities record massive gain of N412 billion on demands in Dangote Sugar Refinery Plc

Nigerian equities opened the week with strong gains, recording a massive increase of N412 billion on demands in Dangote Sugar Refinery Plc and other major stocks. The market capitalization rose to N37.370 trillion, while the All-Share Index gained 1.11% to close at 68,279.14 points. The upturn was driven by price appreciation in large and medium-capitalized stocks, indicating positive market breadth.

Nigeria's Natural Gas Production Could Reach 5 Billion Cubic Meters per Day by 2030

Nigeria's Minister of Gas, Ekperekpere Ekpoe, has announced that the country has sufficient natural gas reserves and aims to increase its daily production to over 5 billion cubic meters by 2030. This initiative is part of a decade-long plan to boost gas production and solidify Nigeria's position as a major player in the global energy market. The article explores the potential impact of Nigeria's increased gas production on its economy and global gas exports.

Solid Minerals Sector in Nigeria Generates N193.59bn Revenue in 2021, NEITI Report Reveals

The solid minerals sector in Nigeria generated N193.59 billion in revenue in 2021, according to a report by the Nigerian Extractive Industry Transparency Initiative (NEITI). The report highlighted the significant increase in revenue from the sector and called for the implementation of sustainable strategies to boost revenue and reduce reliance on single minerals.

Nigerian BaaS Provider, Anchor, Raises $2.4 Million in Seed Funding

Nigerian fintech, Anchor, has secured $2.4 million in seed funding from investors including Goat Capital, FoundersX, and Rebel Fund. The banking-as-a-service provider offers APIs, dashboards, and tools to facilitate the development of banking solutions for businesses. With over 270 clients and $550 million in annualized total transaction volume (TTV), Anchor aims to enhance its compliance system, invest in value-added products, and expand its customer base. The startup is serving a $7 billion addressable market in Nigeria and is looking to explore pan-African expansion.

President Bola Tinubu Orders Recall of Nigerian Ambassadors

President Bola Tinubu has ordered the recall of all Nigerian ambassadors serving in diplomatic missions around the world. This decision comes after assessing the situation in Nigerian diplomatic missions, with exceptions made for the Permanent Representatives to the United Nations in New York and Geneva ahead of the upcoming General Assembly.