As the policy reforms-induced current macroeconomic whirlwinds in Nigeria’s business landscape continue unabated, the Manufacturers Association of Nigeria (MAN) has opposed the planned implementation of the Expatriates Employment Levy (EEL) by the Federal Government, saying implementing the fiscal measure could aggravate the crisis in the real sector. The association in a statement signed on Tuesday […]
The International Monetary Fund (IMF) has warned that price caps on fuel and electricity tariffs below the cost recovery could result to a fiscal cost amounting to 3% of Nigeria’s Gross Domestic Product (GDP) in 2024. The warning was given by the staff of the Fund in their report on completion of their mission to […]
Amid the prevailing foreign exchange FX and other micro and macroeconomic whirlwinds in Nigeria’s landscape, investment experts at Bancorp Securities Limited, a leading investment research and consulting services provider, have predicted trading sessions in the Nigerian Exchange (NGX) would be dominated by bears. The analysts, who made the forecast in the firm’s ‘Weekly Stock Recommendation […]
Governor of Edo State, Godwin Obaseki, has expressed some concerns about some of the monetary policies recently introduced by the Central Bank of Nigeria (CBN) based on what he considered as the potential detrimental impacts of the implementation on the nation’s economy. It would be recalled that the apex bank had last week, through its […]
The Centre for the Promotion of Private Enterprise (CPPE), a frontline private sector advocacy organization in Nigeria, has called on the Federal Government to immediately review its recently introduced Expatriate Employment Levy (EEL) policy in view of the negative implications of its implementation for the economy. The Centre, in a Note issued on Sunday by […]
Transnational Corporation Plc (Transcorp Group) has announced the listing of its subsidiary, Transcorp Power Plc, by introduction on the main board of the Nigerian Exchange (NGX). This disclosure was contained in a statement released by the Transcorp Group’s Company Secretary, Stanley Chikwendu, on Monday. According to the statement, there will be a “Facts Behind the […]
… To Inaugurate Fashion Hub, Adire Shared Facility in Ogun The Vice President, Kashim Shettima, will on Tuesday declare open the Expanded National Micro, Small and Medium Enterprises (MSMEs) Business Clinics in Abeokuta, Ogun State, as part of the activities lined up for his one-day visit to the state. The Expanded National MSMEs Business Clinic […]
Ogun State Government has unveiled plans to train 100,000 Small Medium Enterprises (SMEs) owners, especially youths, on emerging technologies, towards empowering them for contributions to the current drive towards digitalization of the economy. The ICT capacity building initiative would be pursued through GetFundedAfrica Technologies (GFAT) in partnership with Microsoft, Google and Meta In his keynote […]
Ericsson and MTN Group have agreed to modernise the core network of MTN’s affiliates in South Africa and Nigeria over five years in line with MTN Group’s MTN Unified Cloud Acceleration (MUNA) principles and objectives. The MTN Group in a statement indicated that the agreement was recently concluded, where the companies agreed on key strategic […]
A new report by the Swiss Re Institute has indicated that climate change will have a larger impact on economic losses in the future, with the US and Philippines projected to be the hardest hit. The report listed four key weather perils, namely floods, tropical cyclones, winter storms in Europe, and severe thunderstorms, which are […]