archiveSeptember 2019

    …says Oyo is open for business that’ll bring development   Oyo State Governor, Engineer Seyi Makinde, has pledged that his administration’s watchword will remain openness and transparency throughit his tenure. Makinde, who stated this while receiving a delegation of the First City Monument Bank (FCMB) led by Mrs....

Nigeria is claiming “colossal” sums of money from oil majors, its attorney general said on Monday, under regulations that allow the government to revisit revenue sharing from petroleum sales if crude exceeds $20 a barrel. Abubakar Malami said a number of court cases were already underway. The government in Africa’s...

  Over 7,000 teachers in public primary and junior secondary schools in Kogi State have appealed to Gov. Yahaya Bello to look into the issue of non-payment of their salary for the past eight to 39 months. The Kogi teachers made the appeal in a communique issued at the end...

Keystone Bank Limited has become one of the founding signatories of the Principles for Responsible Banking, committing to strategically align its business with the Sustainable Development Goals and the Paris Agreement on Climate Change. By signing the Principles for Responsible Banking, Keystone Bank joins a coalition of 130 banks worldwide...

Nigeria has lost about $10 billion (about N3.6 trillion) over the past five decades in non-oil export opportunities in crops such as cocoa, oil palm, cotton and groundnut alone. The Managing Director/Chief Executive Officer of Nigeria Export Import Bank (NEXIM), Mr Abubakar Bello revealed at the weekend. Bello stated this...

Wants unemployment, poverty addressed by FG through entrepreneurship programmes for youths   The Accountants’ Conference of the Institute of Chartered Accountants of Nigeria (ICAN) has recommended a three-way approach to the Federal Government in its fight against corruption. The Conference urged the Government to adopt education, prevention and sanctions in...

Nigeria has one of the highest company income tax rates globally which is a disincentive for business growth, Tax leader, PwC Nigeria, Taiwo Oyedele has said. He spoke  on Saturday at the Finance Correspondents Association of Nigeria, FICAN annual  workshop themed “Unlocking Opportunities in Nigeria's Non-Oil Sector". According to Oyedele,...

  Financial experts on Monday expressed optimism that retention of the interest rate by the Monetary Policy Committee (MPC) would likely trigger foreign investors’ participation in emerging Nigerian markets.   They said this in separate interviews with the News Agency of Nigeria (NAN), in their reaction to the outcome of...

  Some economists and trade experts have advised the Federal Government to ensure efficiency, transparency and probity in the collection of tax rather than increasing Value Added Tax (VAT). The experts spoke in separate interviews with News Agency of Nigeria (NAN) in Abuja on Monday said that government should instead...

  The Medical and Dental Consultants’ Association of Nigeria (MDCAN), University College Hospital (UCH) chapter, Ibadan, has raised the alarm over the rate at which medical doctors are leaving the country on a daily basis, describing it as worrisome. The Chairman of MDCAN, Dr Dare Olulana, made the remarks after...