At 35 per cent, our company income tax rate is one of the highest in the world. But a slew of exemptions, waivers, and holidays meant that last year, the effective income tax paid by […]
Households, firms, others live in darkness NGC, TCN yet to complete maintenance THE economy of Nigeria, over the weekend witnessed a major setback as consumers – individuals, households, companies and others experienced prolonged power outages, […]
The Central Bank of Nigeria (CBN) says it has put together a Clean Note Policy and Banknote Fitness Guideline to ensure the recirculation of clean, fit and high-quality naira notes. According to a statement by […]
Diaspora remittances earned Nigeria USD 25 Bn in 2018 “The Nigerian diaspora sent an estimated USD 25 Bn in remittances to the country in 2018, representing 6.1% of GDP,” a section of a recent report […]
Olam International Limited has said it will buy Dangote Flour Mill Plc for an enterprise value of N130bn. The Singapore-based agriculture trader is looking to expand in West Africa as part of a rejig of […]
Well ahead of the last scheduled meeting of the Monetary Policy Committee next month in the first lap of the incumbent CBN governor, the Federal Government and the MPC particularly should ponder the historical evidence […]
Only economic growth can defuse poverty time bomb in Nigeria, Bloomberg said in an editorial on Sunday. The New York-based international news agency, which described President Muhammadu Buhari’s record over the last four years as […]
Every human being needs diverse kinds of skills to live a meaningful life. Skills are required both for individuals to live meaningful and successful lives as well as to develop nations. Unfortunately, many people and […]
In the digital economy, with unparalleled opportunities for entrepreneurship for the skilled, much more stronger tech skills would be required. One would probably be at a tremendous disadvantage at some point if one could not […]
Stakeholders in the nation’s power sector have expressed divergent views on the call by the National Leader of the All Progressives Congress, Bola Tinubu, for the Federal Government to revisit the privatisation of the sector. […]
Analysts and market-watchers were, in no doubt, shocked when the monetary policy committee of the Central Bank of Nigeria announced its decision to cut interest rate by 0.5% on Tuesday. After keeping the monetary policy […]
Subscribers to mobile telecommunications services in Nigeria spent about N767.23bn on airtime purchase from November 2018 to January 2019, investigations have revealed. This figure is based on the number of subscribers in the three months […]
Telecommunications operators are considering a review of call tariff in selected states in the country, investigations have revealed. The new tariff, according to findings, will reflect the cost of doing business in the affected states. […]
We should also limit the extent we deploy propaganda and deliberate lies and obfuscation because these things always leave dregs of discord which hold the nation down permanently in disunity, bitterness, prejudice and injustice. It […]
Kimberly-Clark, manufacturers of Huggies diapers, says it will shut down operations at its Lagos factory in the second quarter of the year. In a statement released by the company, it said it would build a […]
We take one step forward and a hundred steps backward. Policies are invented from the moon and almost circumvented at the point of implementation, while players and policy handlers carry on as if the nation […]
The poor performance of the Nigerian economy may not be unconnected with the poor transport structure, which poses challenges to businesses and distribution of goods and services. Renowned Economist, Prof. Pat Utomi, made the assertion […]
The Federal Ministry of Power, Works and Housing has reopened the remaining stretch of Leventis Bridge in Apapa. The outward bound stretch of the bridge was reopened on Wednesday evening, after about eight months of […]
Akinwunmi Ambode, governor of Lagos state, has finally presented the year 2019 budget to the state house of assembly. The governor had met a brick-wall in his bid to present the budget on previous occasions. […]
PZ Cussons is not leaving Nigeria, as widely reported in the country — it is, however, limiting its business exposure in Nigeria, as a result of harsh business conditions in Africa’s largest economy. TheCable reviewed […]
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