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 […]
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 […]
The Director-General of the World Trade Organisation (WTO), Dr. (Mrs.) Ngozi Okonjo-Iweala, has charged the federal and subnational governments in Nigeria to create improved regulatory regime as a strategic option of attracting more investments to the nation’s power sector. Okonjo-Iweala, who gave the charge on Monday in her virtual goodwill message at the inauguration of […]
Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, will on May 14-15 this year speak at the Invest in African Energy (IAE) forum scheduled for France to outline investment opportunities in Nigeria’s gas sector, drawing attention to exploration prospects and infrastructure requirements. The IAE 2024 is an exclusive forum designed to facilitate investment […]
The National Palm Produce Association of Nigeria (NPPAN) has hinted of plans by the Federal Government to sign a Memorandum of Understanding (MoU) with the Malaysian Government as part of its sustained efforts marking to develop palm biomass in the country. The President of the association, Ambassador Alphonsus Inyang, was quoted as making this disclosure […]
The Senate on Wednesday appealed to the Executive arm of government to sustain the electricity subsidy regime amid ongoing hardships in the country as a means of averting a further escalation of the sundry micro and macroeconomic whirlwinds in the economy. The Red Chamber’s decision followed the deliberation and endorsement of a motion in a […]
The Board of Directors of the African Development Bank Group (AfDB) has approved the proposal to take an initial stake of up to $10 million in the “Alliance for Green Infrastructure in Africa – Project Development” (AGIA-PD)” Fund as part of its investment supports for successful green transition of African countries. A news report from […]
Standard Chartered Bank has projected that ongoing economic reforms in Nigeria hold the potential of improving Nigeria’s credit outlook, bolster the nation’s macroeconomic stability and create investment opportunities this year. The Global Chief Investment Officer at Standard Chartered Bank’s Wealth Management unit, Mr. Steve Brice, made this disclosure while presenting the Bank’s ‘Global Market Outlook […]
The Federal Competition and Consumer Protection Commission (FCCPC) on Monday expressed support for the decision of the Nigerian Electricity Regulatory Commission (NERC) taken against 11 Electricity Distribution Companies (DisCos) for estimated bills capping non-compliance, calling for stricter penalties against DisCos. The NERC had last week imposed a N6 billion penalty on the 11 DisCos over […]