Mr. Taiwo Oyedele, a tax expert, says only tax incentives to industries without addressing other challenges will not bring about the desired economic growth in Nigeria. Oyedele, Head, Tax and Regulatory Services at PricewaterhouseCoopers (PwC), made the assertion in an interview with the News Agency of Nigeria in Lagos, yesterday. He said that the task […]
Business
NPA bans accepting of gifts, souvenirs
Nigerian Ports Authority, NPA, has banned its officials from collecting and accepting gift items and souvenirs from vessel crew members whenever they board vessels for official purposes. In the minutes of meeting of the Ports Facility Security Officers, PFSO, Forum, NPA’s Assistant General Manager, Security, Mr. Mohammed Khalni, said that the purpose was to reduce […]
FEC approves $3bn bonds to refinance loans
The Federal Executive Council (FEC) presided over by Acting President, Yemi Osinbajo, has approved plans to issue $3 billion (about N900 billion) worth of bonds to refinance maturing government treasury bills. The plan, which will soon go to the National Assembly for approval is meant to cut cost and extend debts maturity as well as […]
AfDB raises hopes of cocoa farmers in Africa
The African Development Bank (AfDB) says it is working towards providing support to cocoa producers in the continent in order to turn around their fortunes. A statement by Mr Emeka Anuforo, AfDB’s Communication Officer on Wednesday said the bank was also considering support to Ghana and Côte d’Ivoire to reduce the volatility of the international […]
NECA unveils NECAPreneur e-leaning scheme
In its continued endeavour to join hands with Government to address the time bomb of high unemployment among Nigerian youths, Nigeria Employers’ Consultative Association (NECA) in partnership with Imagine Business Services recently launched NECAPreneur in Nigeria. NECAPreneur is an e-solution targeted at providing easy-to-access opportunity for the teeming Nigerian youths to upscale their skills and […]
What to expect at the Festival of Marketing
The Festival of Marketing, which this year is taking place in Tobacco Dock in London on 4 and 5 October, features more than 200 speakers across 12 stages. The first agenda has been released showing top marketers from brands including John Lewis, Unilever and Direct Line, as well as disruptors such as Starling Bank and […]
Aicraft pilots threaten strike action
The National Association of Aircraft Pilots and Engineers, (NAAPE) has threatened to embark on nationwide strike over the non-payment of redundancy benefits to workers that were laid off from Aero Contractors. The redundancy benefits was part of the agreement during the disengagement of the workers that the company would pay. Thisday reported that the new […]
CBN Allays fears on FinTechs roles
The Central Bank of Nigeria (CBN) has assured that Financial Technology (FinTech) companies will not take over the roles played by commercial banks in delivering services customers. The Apex bank said through its Director, Banking and Payments System Department, Dipo Fatokun at the Bi-Monthly Forum of the Financial Correspondents Association of Nigeria (FICAN) in Lagos […]
Electric car technology threatens Nigeria’s oil export, economy
Oil and gas stakeholders were taken aback recently when Mr. Ben Van Beurden, the Chief Executive Officer (CEO) of Royal Dutch Shell, said his next car, a Mercedes-Benz S500e, which will be delivered to him in September, will be an electric car. His declaration was an affirmation of the impending threat Nigeria’s oil and gas […]
Apple to launch watches that can make calls
Apple Inc plans to release a version of its smartwatch later this year that can connect directly to cellular networks, Bloomberg reported on Friday, citing people familiar with the matter. Some of the new models for the Apple Watch will be equipped with LTE chips and be able to perform many tasks without needing an […]