Business

Pension assets rise by N100bn in 3months

Approximately N100billion was generated in the country’s Contributory Pension Scheme, CPS, in a single quarter, thereby increasing its total assets to N5.9trillion as at the end of September 2016.
The latest figure disclosed by the National Pension Commission is an increase over the N5.8tr [...]

Sat, 05 November 2016


NASS to scrutinize account books of revenue generating agencies

The National Assembly has asked for detailed breakdowns of all revenue generated by agencies of government in 2016, to enable them assess budget performance in the year. 
Chairman of the Senate Committee on Finance, Sen. John Enoh, last week, directed the Accountant-General of the Federatio [...]

Sat, 05 November 2016


Expert calls for review of nation’s tax policy

The chairman, Kwara State Internal Revenue Service, KWIRS, Dr. Muritala Awodun, has said that Nigeria will be great if current tax policy in Nigeria is review to ensure more tax revenue is derived from wealthy individuals and corporate organizations to fund development projects and infrastructures.

Sat, 29 October 2016


Telecom operators faults NCC’s 2.6GHz spectrum auction

Some telecommunication operators in the country said they stayed away from the recent auction for spectrum license, to protest what they believe was pre-arranged to allow big operators win the license.
The Nigeria Communications Commission, NCC, had in June this year, announced MTN Nigeria as th [...]

Fri, 28 October 2016


FG to borrow $30billion for infrastructural projects

President Muhammadu Buhari administration plans to borrow a total of $29.960 billion foreign loans designed to address infrastructure deficit in the country.
The amount is part of the external borrowing plan of the federal government covering a three year period for proposed projects for 2016 to [...]

Fri, 28 October 2016


Recession not caused by monetary issues - CBN

The Central Bank of Nigeria has said the current economic recession being experienced in the country was not caused by monetary issues, insisting the apex bank had employed every necessary means to save the country from the challenge.

Governor of the bank, Mr. Godwin Emefiele, said the CBN had [...]

Fri, 28 October 2016


Nigeria improves on ease of doing business

Despite the economic challenges facing the country, Nigeria is seen as one of the few countries that support growing businesses within its territory.

The country ranked 32nd position in terms of protecting minority investors on the World Bank’s Ease of Doing Business Index for 2017.

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Fri, 28 October 2016


FG to implement “climate-smart’ agriculture

The Federal Government said it will implement “climate-smart” agriculture under the Nigeria’s National Determined Contributions, NDC, programme.
The Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, said to achieve the implementation, Nigeria [...]

Sat, 22 October 2016


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