Category: Economy

‘Label tax evasion, malpractices by Multinationals as foreign corrupt practices’
February 19, 2018 4 Responses

‘Label tax evasion, malpractices by Multinationals as foreign corrupt practices’

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has called for the designation of tax malpractices by Multinational Corporations in Nigeria and other developing countries as ‘foreign corrupt practices’.   She made the call at the Platform for Collaboration on Tax...
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SEC bans Ogiemwonyi for life, suspends Omoragbon
September 20, 2017 No Responses

SEC bans Ogiemwonyi for life, suspends Omoragbon

 The Securities and Exchange Commission (SEC) has banned the Managing Director of Partnership Investment Company Plc and Partnership Securities Limited, Mr. Victor Ogiemwonyi for life from holding directorship positions in any public company in Nigeria fo...
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‘Nigeria needs $3t to fix infrastructure’
September 18, 2017 No Responses

‘Nigeria needs $3t to fix infrastructure’

Nigeria needs $3 trillion to fix infrastructure deficit in the country over the next three decades, Africa Finance Corporation (AFC) has said.   Speaking at the weekend in Lagos,  AFC President/Chief Executive, Andrew Alli called on government to allow cost...
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WFE unveils report on role of Stock Exchanges in fostering economic growth, sustainable development
September 7, 2017 No Responses

WFE unveils report on role of Stock Exchanges in fostering economic growth, sustainable development

The World Federation of Exchanges (WFE) on Wednesday published a report examining the role of stock exchanges in promoting economic growth and sustainable development, with the United Nations Conference on Trade and Development (UNCTAD). ​ The report –...
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NSE gets CSR award
August 4, 2017 No Responses

NSE gets CSR award

The Lagos Chamber of Commerce and Industry (LCCI) has honoured the Nigerian Stock Exchange (NSE) with Corporate Social Responsibility (CSR) of the Year Award.     Speaking at the  Commerce & Industry Awards 2017 ,  Muda Yusuf, Director General of the....
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IMF: Economic backdrop in Nigeria remains challenging
August 3, 2017 No Responses

IMF: Economic backdrop in Nigeria remains challenging

The economic backdrop in Nigeria remains challenging, despite some signs of relief in the first half of 2017, International Monetary Fund (IMF), has said.   At the end of a visit to Nigeria, IMT team led by Amine Mati, Senior...
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‘Any programme to be consumed by Nigerians must be produced in Nigeria’
July 20, 2017 No Responses

‘Any programme to be consumed by Nigerians must be produced in Nigeria’

The Minister of Information and Culture, Alhaji Lai Mohammed, has reiterated the government’s decision that any programme meant for Nigerians must be produced in Nigeria, saying he was not appointed Minister to develop the economy of other countries a...
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FG releases N243.8B second tranche of Paris Club refund to States, FCT
July 19, 2017 No Responses

FG releases N243.8B second tranche of Paris Club refund to States, FCT

The second tranche of Paris Club refunds has been released by the Federal Government to the 36 states and the Federal Capital Territory (FCT).   A statement issued by the Director of Information, Ministry of Finance, Mr. Salisu Danbatta, explained...
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Citibank: Nigerian economy on slow path to recovery
June 15, 2017 No Responses

Citibank: Nigerian economy on slow path to recovery

Following a difficult two years, there are now signs that the Nigerian economy is starting the slow path to recovery, Citibank Africa Economist, Mr David Cowan has said   Speaking at a Direct Custody and Clearing (DCC) seminar, Cowan said...
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2017 Budget, an important milestone in Nigeria’s economic recovery, growth, says Osinbajo
June 13, 2017 No Responses

2017 Budget, an important milestone in Nigeria’s economic recovery, growth, says Osinbajo

“This is an important milestone in our economic recovery and Growth plan laid in April by President Muhammadu Buhari.    “I would like to express my appreciation to the Senate President, the Speaker of the House of Representatives, as well...
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South Africa falls into recession
June 7, 2017 No Responses

South Africa falls into recession

(BBC) South Africa has fallen into recession for the first time in eight years after economic growth shrank by 0.7% between January and March. The downturn, due to weak manufacturing and trade, follows a 0.3% fall in GDP in the...
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At economic forum, Elumelu implores African leaders on jobs, power
May 9, 2017 No Responses

At economic forum, Elumelu implores African leaders on jobs, power

Chairman of Heirs Holdings and Founder of  Tony Elumelu Foundation, Mr. Tony O. Elumelu, CON, has challenged African leaders and policymakers to give priority to jobs and energy.   Speaking    at the opening session of the 2017 World Economic Forum on...
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Transcorp declares 20 % growth in revenue
April 27, 2017 No Responses

Transcorp declares 20 % growth in revenue

For the first quarter ended March 31, 2017, Transnational Corporation of Nigeria Plc (Transcorp), has announced total revenue of N13.2billion representing a 20% increase when compared to the Group’s performance of N15.8billion in the corresponding period of...
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Volumes in global derivatives hits 24.9b contracts
April 21, 2017 No Responses

Volumes in global derivatives hits 24.9b contracts

The World Federation of Exchanges (WFE) on Thursday published its annual report into the global derivatives market.   According to WFE, Thursday’s report coincides with the WFE’s 34th IOMA Clearing & Derivatives Conference, taking place in Frankfurt, ...
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