Business

From our earlier two publications on this topic, IFRIC 12 describes the accounting treatment of concession contract arrangements which until the 1st of January 2008 did not possess clear and simple guidelines for booking due […]

A move by the African Refiners & Distributors Association (ARA), and the African Union (AU), to ensure common standard for the importation and refining of petroleum products on the continent remains critical to trade, environment […]

StarTimes, one of Nigeria’s pay-TV operators, has announced an upward review of its subscription prices upwards from August 1, 2020. Viki Liu, StarTimes brand and marketing manager, disclosed this during a virtual press conference on […]

Concerns are mounting over rising cases of exits and divestments among operators in Nigeria’s $17 billion electronic commerce (e-commerce) sub-sector of the information and communications technology (ICT) industry. Findings by The Guardian showed that with […]

The country’s fiscal state faces tougher times as the Central Bank of Nigeria (CBN) bowed to pressure, last week, and further devalued the local currency. The adjustment of the exchange rate at the busiest window […]

Various smallholder farmers in Oyo State have received different categories of Kenaf, yam and cocoa seedlings as part of the Federal Government’s coronavirus pandemic palliative. Just as the Anambra State chairman of the Maize Association […]

Introduction 1. The estimated cost of electricity in Nigeria is ~N53/kWh. Lack of timely tariff reviews has meant we only charge N31/kWh to consumers leading to a shortfall of N22/kWh which is a subsidy. In […]

Three now distinguishable pathways to managing the economy deserve to be assessed based on their individual actual and/or potential benefits and sustainability. In chronological order, one pathway involves observing the true meaning of fiscal and […]

By Ebun-Olu Adegboruwa, SAN It was like a movie, watching the proceedings of the Ad Hoc Committee set up by the House of Representatives, to probe the hike of subscription rates by cable TV service […]

In May 2020, Multichoice, the owners of DStv and GOtv, disclosed that rates would go up in Nigeria.  This immediately led to a social media outrage, with many calling it insensitive “during a pandemic”.  In Multichoice’s defence, […]

For now, lovers of pork may have to refrain from its consumption, as the dreaded African Swine Fever (ASF) has continued to ravage more pig farms across the country. Underground checks have revealed that in […]

A house of representatives committee has insisted that cable and satellite television service providers in the country must introduce a pay-as-you-go subscription plan for customers. The house ad hoc committee, which is investigating service providers […]

Ikeja Electric Plc (IE), said it has metered over 120,000 households between 2018 and June 2020, in line with its commitment to bridging its metering gap. Spokesman for the distribution company (DisCo), Felix Ofulue, said […]

Professionals and other stakeholders have called on the Federal Government, states and local government authorities to take drastic steps to minimise rising protein deficiency, which is a major factor in malnutrition, stunting and wasting of […]

Just like the case of other agro commodities farmers, Cocoa farmers and exporters are currently in a serious economic crisis over the impact of the coronavirus pandemic lockdown, which has debarred them from selling their […]

While commending the past and recent initiatives, agricultural and industrial stakeholders have called on the Federal Government, through the Central Bank of Nigeria (CBN), to consider more downward reviews of interest rates in the country […]

Ikeja Electricity Distribution Company (IE) has announced that the price of meters sold to customers under the meter asset provider (MAP) scheme has been reviewed upward effective June 1. In a notice published on Twitter, […]