The Lagos Chamber of Commerce and Industry (LCCI), one of Nigeria’s leading private sector advocacy groups, has set some key fiscal and other policy measures for the Federal Government to adopt in its current efforts to keep the nation’s economy on the path of sustainable growth this year. The group, in its ‘New Year Statement […]
The Managing Director of the International Monetary Fund (IMF), IMF Manag has projected that some global economies would face even tougher challenges this year than the past year as some big economies will simultaneously decline. The IMF boss in an interview with CBS, said: “For most of the world economy this is going to be […]
The National Insurance Commission (NAICOM) has solicited African governments’ support to improve the continent’s insurance industry’s performance by implementing the necessary policies and other measures that will help in improving the sector. Nigeria’s Commissioner for Insurance, Mr. Sunday Thomas, made the appeal to the newly elected president of the African Insurance Organization (AIO), Mr. Tope […]
The Chairman of the House of Representatives’ Committee on Capital Markets and Institutions, Hon. Babangida Ibrahim, has described the Investments and Securities Bill as having the potential of transforming the capital market, attracting foreign investors and boosting their confidence in the nation’s investment space, amongst other benefits. The lawmaker made this remark during an interview […]
The Federal Inland Revenue Service (FIRS) has announced that taxpayers can now get their Tax Clearance Certificate in a single click via its flagship Taxpro Max solution. The TaxPro Max, a tax administration solution introduced by the apex tax authority in June 2021 is a one-stop-shop for taxpayer registration, tax returns filing, tax payment, tax […]
The Centre for the Promotion of Private Enterprise (CPPE) has expressed serious concern about what it described the rushed passage of the 2022 Finance Bill by the National Assembly, noting that the process calls to question the representation role of the Assembly. A statement signed by the Chief Executive Officer (CEO) of the private sector […]
The Debt Management Office (DMO) has announced two Federal Government of Nigeria (FGN) savings bonds for subscription, its first bond issuance for 2023. The DMO made the announcement on Monday, in a statement which indicates that one is a two-year FGN savings bond due on January 11, 2025, at the interest rate of 9.600% per […]
The Nigerian Communications Commission (NCC) has reported that Nigeria’s active subscriptions for telecommunications services across the four major mobile networks increases to 218.6 million in November 2022. The latest industry data released by the industry regulator indicated that the increase was largely driven by MTN, which recorded the highest gain of 3.1 million subscriptions in […]
The Senate on Thursday flawed the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC’s) revocation of the Atala Marginal oil field (OML 46) licence in February 2020 and directed the commission to re-allocate the oil field to the original owners as earlier directed by the Presidency. The resolution of the Red Chamber was sequel to the recommendations […]
The African Development Bank Group (AfDB) has formally introduced its new initiative, the African Pharmaceutical Technology Foundation (APTF), in collaboration with the African Union to boost Africa’s capacity to produce drugs, vaccines, diagnostics, and therapeutics all along the value chain, to help build the continent’s pharmaceutical sector. The APTF was the focus of a forum […]