The Federal Ministry of Finance, Budget and National Planning has approved implementation of the ECOWAS Common External Tariff (CET) 2022-2026 which provides for a slash in import duty of pickup vehicles to 10 per cent without payment of the controversial National Automotive Council (NAC) levy. The circular obtained dated April 8, 2022 signed by the…
Heifer International and Hello Tractor have launched pay-as-you-go tractor financing for Nigerian farmers who find it impossible to get credit through normal channels. The two organisations inaugurated the initiative on Thursday, in Abuja with a pledge to generate agribusiness opportunities for young Nigerian entrepreneurs. Heifer is an international development organisation working to end hunger and…
By: ROTIMI ASHER Estimated to be the sixth largest in the world but has not yet been exploited, Nigeria holds about 42.74 billion tonnes of proven reserves of bitumen, a potential huge source of revenue for the country. The Minister of Mines and Steel Development, Olamilekan Adegbite disclosed this recently during a pre-event press conference…
Weststar Associates Limited, Nigeria’s Authorized General Distributor for Mercedes-Benz, has appointed Mrs Mary Aderinola Ojulari as its first-ever Deputy managing Director. Until his appointment, Mrs. Ojulari had been the company’s Chief Financial Officer; a position she is to combine with her new responsibility of deputizing Mr. Mirko Plath, who has been the company’s managing Director…
