The Lagos Chamber of Industry and Industry (LCCI) has described the current closure of Nigerian land borders as coming with attendant benefits and costs, the latter which require urgent measures to be addressed by the government. The Director General of the organized private sector group, Mr. Muda Yusuf, on Tuesday stated that reports on the […]
The International Monetary Fund on Tuesday downgraded further its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis primarily because of widening global conflicts. The Breton Woods institution hinges its latest forecast on the raging U.S-China trade wars as well as other threats in the […]
The World Bank and the International Monetary Fund (IMF) have jointly canvassed the need for the Nigerian government to embrace structural reforms in governance as a strategic step towards achieving inclusive growth and fast-track the nation’s economic recovery. The Breton Woods institutions’ positions were contained in their latest findings on Africa’s economic outlook and Nigeria’s […]
President Muhammadu Buhari on Tuesday presented the 2020 Appropriation Bill of an estimated N10.33 trillion to a joint session of the National Assembly for consideration as the year’s budget. In the proposed budget, the President estimated that N2.14 trillion would be used for capital expenditure. N4.88 trillion for non-debt recurrent expenditure and N556.7 billion was for […]
The Association of Chartered Certified Accountants (ACCA) has awarded the Office of the Accountant-General of the Federation (OAGF) the status of an ACCA Global Approved Employer. The award was presented to the Accountant-General of the Federation, Ahmed Idris FCNA, at a brief, but very impressive ceremony in his office in Abuja. The Global Chief Executive […]
The African Development Bank (AfDB), Infrastructure Concession Regulatory Commission (ICRC) and Nigeria’s First Lady, Mrs Aisha Buhari, on Wednesday jointly canvassed the need for the Federal Government to frontally address the problem of gender disparity in the conceptualization, design and delivery of Public Private Partnership (PPP) projects in the country. The Senior Country Director, African […]
A leading tax expert, Mr. Taiwo Oyedele, has rated Nigeria’s company income tax rates as one of the highest globally and described the fiscal regime as a major disincentive to business growth in the country. Oyedele, who is also the Tax leader, PwC Nigeria, made the remarks at the weekend during the Finance Correspondents Association of […]
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its two-day meeting in Abuja on Friday with a decision to retain all the key benchmark interest rates. Specifically, the committee retained the Monetary Policy Rate (MPR) at 13.5 percent and other lending rate indices, including the asymmetric corridor around the […]
There are strong indications that plans by the Federal Government and the labour unions’ representatives to reach a truce on consequential adjustment on the N30,000 minimum wage on Monday did not achieve any tangible results. The disappointed workers have, therefore, threatened to resume their suspended industrial action over in the national minimum wage implementation. A […]
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, on Monday hinted that the Federal Government would unveil a 30-year development plan before the end of the implementation of the ERGP in 2020 as part of the measures to achieve broad-based and sustainable national development. She explained that unlike past development plans that […]