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The Federal Government has exempted importers of Liquefied Petroleum Gas (cooking gas) from paying duty under specific HS Codes, according to the Nigeria Customs Service. This exemption aims to support the country's energy needs and reduce costs for consumers.
Diaspora remittances have surged by 61% in the first 10 months of 2024, reaching $4.22 billion through International Money Transfer Operators.
The Nigerian government has approved the $2.4 billion sale of Shell's onshore assets to Renaissance Africa Energy Company Limited, a local oil and gas consortium. The acquisition is part of a deal that will see Renaissance acquire Shell's entire onshore portfolio in Nigeria.
The Organised Private Sector has criticized the Central Bank of Nigeria's decision to limit PoS withdrawal limits, citing cash scarcity as a major issue. The sector argues that this restriction is not in line with their operations.
