Economy News Extra Latest News Manufacturing Political Economy

Nigeria’s CIT Rate Among Highest Globally – Oyedele

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 […]

Budgeting Economy News Extra Latest News National Assembly Revenue Tax

Senate Urges Executive On Timely Submission of 2020 Appropriation Bill

The President of the Senate, Senator Ahmad Lawan said on Friday that the National Assembly was eager to receive the 2020 budget proposals to enable the legislature provide adequate time to work on the bill and pass it for enactment Lawan was quoted by his Special Adviser on Media, Mr. Ola Awoniyi, as making the […]

Agriculture & Agribusiness Banking Latest News Picture Speaks

During The Sterling Bank-Sponsored Agriculture Summit Africa Event Held In Abuja Recently

L-R: Women Farmers Advancement Network (WOFAN) founder and Executive Director, Hajia Salamatu Garba; Katsina State First Lady, Hajia Hadiza Masari; and the Group Head, Agric Finance and Solid Minerals of Sterling Bank Plc, Mrs. Bukola Awosanya; during the Sterling Bank-sponsored Agriculture Summit Africa event held in Abuja recently.

Economy News Extra Investments/Capital Market Latest News Manufacturing Picture Speaks

During a Meeting With The Minister Of State, Federal Ministry Of Industry, Trade And Investment, Ambassador Mariam Yelwaji Katagum, In Her Office In Abuja

L-R: The Minister of State, Federal Ministry of Industry, Trade and Investment, Ambassador Mariam Yelwaji Katagum; the Technical Partner and Chief of Operations, Crimson Gate Consulting Company, Mr Brent Dyke; and Director, Horizon Metals Limited, Alhaji  Munir Umar, during a meeting with the minister in her office in Abuja

Banking Economy News Extra Environment Latest News Oil & Gas

AfDB Approves $500,000 Grant For Nigeria’s Sustainable Energy Projects

The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB), has approved a $500,000 grant to support the development and launch of the Nigeria Energy Access Fund (NEAF) The NEAF is a new private equity fund developed by All On, a Nigerian impact investment company financed by Shell Petroleum Development Company, […]

Banking Economy News Extra Latest News

Why We Introduced New Monetary Policy Measures – Emefiele

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Friday made elaborate clarifications on why the apex bank came up with sundry monetary policy measures in recent weeks, saying that the steps are intended to sustain transparency in  financial system transactions, deepen financial inclusion and give the cashless policy a new […]

Banking Economy News Extra Latest News Political Economy Revenue Taxation

CBN Retains 13.5% MPR, Promises To Intensify Financial Inclusion Drive

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 […]

Banking Economy News Extra Latest News Revenue

Again, Nigeria To Borrow $2.5Bn From World Bank

Fiscally challenged by dwindling revenue earnings as the volatility of the international oil market continued to great toll on revenue collections nine months into the 2019 financial year,  Nigeria is seeking the World Bank’s support through  concessionary lending of about $2.5 billion. The Bank’s Vice President for Africa Hafez Ghanem, who gave this hint in […]

Crime & Judiciary Matters Economy News Extra Latest News Oil & Gas

S6.9Bn Fine: P&ID Plead Guilty To 11-Counts, Forfeits Assets To FG

Amid growing anxieties among Nigerians on recent UK court’s judgment  awarded in favour of Process and Industrial Development Ltd (P&ID) to seize Nigeria’s assets worth $6.9bn over alleged breached of contract, a Federal  High Court in Abuja on Thursday accepted the guilty pleas of two employees of the foreign company and its Nigerian affiliate – P […]