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 Securities and Exchange Commission (SEC) on Sunday hinted that it would hold a stakeholders’ forum on the nation’s Commodities Trading Eco-system in furtherance its efforts to deepen the nation’s capital market through a vibrant commodities exchange. The Acting Director General of the commission, Ms. Mary Uduk, stated that the forum, which is scheduled to […]
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Friday appealed to Nigerians to show understanding on the proposal by the government to increase Value Added Tax (VAT) rate from 5% to 7.5% in view of the fiscal necessity to boost the nation’s non-oil revenue earnings to finance critical programmes of the […]
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 […]
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.
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
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, […]
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 […]
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 […]
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 […]