Nigeria’s business community has welcomed the suspension of a set of taxes by President Bola Tinubu. The community, however, wants the government to do more to improve the ease of doing business in the country by completely doing away with the additional taxes.
Tuesday, July 11, 2023
Video - President Tinubu suspends some taxes on businesses
Video - Smart bins to tackling environmental degradation in Nigeria
In this week's edition of Disruptors, a group of Nigerian students are deploying new innovations to tackle environmental degradation. They collect waste, recycle it into cooking fuel briquettes, and sell the product to local communities. Not only is the solution keeping the environment clean but it's also improving the economic status of the innovators and their community.
Vessel with stolen crude intercepted in Nigeria
Nigeria's state-owned oil firm NNPC Ltd said on Monday an 800,000-litre (211,338-U.S. gallon) vessel carrying stolen crude had been intercepted offshore while heading to Cameroon and would be destroyed as a deterrent to oil theft.
Crude theft from pipelines and wells in the Niger Delta has hobbled the country's output in recent years and is one of the biggest challenges to confront new President Bola Tinubu.
NNPC said the oil was stolen from a well in south western Ondo state. The MT Tura II vessel was owned by locally registered Holab Maritime Services Limited and had no valid documentation for the oil, the company said.
Holab could not be reached for comment on numbers listed on its website.
"Destroying vessels involved in transporting stolen crude oil is of paramount importance as a strong deterrent," NNPC said.
NNPC circulated a video showing the vessel surrounded by armed Nigerian security agents.
Reporting By MacDonald Dzirutwe, Reuters
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Monday, July 10, 2023
Video - Forex reserves drop by $2.9 billion in first half of 2023 in Nigeria
Experts say the decline in Nigeria’s foreign exchange reserve levels was expected as Nigeria’s import consumption far outweighs its production and exports.
Video - Nigeria confirms diphtheria outbreak
The Nigeria Centre for Disease Control and Prevention (NCDC) confirmed 798 cases of diphtheria in Nigeria since December 2022.
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