Minister of Finance,    Muda Yusuf, LCCI DG Adeosun Tax multiplicity as investment albatross The continued rise in the multiplicity of taxes in the domestic economy has become a major bane to going concerns. In this write-up Friday Ekeoba posit that the race to shore-up Internal Generated Revenue (IGR) by various tiers of government may be the albatross for investment growth in …

  President  Buhari          Minister for Finance, Adeosun Economic growth as panacea for employment creation The growth of an economy, especially as it relates to the wellbeing of its citizenry, is best measured by the numbers of its productive class that are meaningfully employed. In this piece FRIDAY EKEOBA x-ray government claims to growth in the face of dwindling economic indicators. …

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BOI Mulls Increase Funding To Mining Sector The Bank of Industry (BoI) has pledged to increase funding support to the mining sector in the country, order to improve the sector’s contribution to the Gross Domestic Product. Acting Managing Director, BoI, Mr. Waheed Olagunju, stated this while speaking on the sidelines of the International Mining Investment Conference, which held in Abuja. …

CBN Lists Sanctions Against Banks Over Power Intervention Fund As Nigerians continued to grapple with incessant power-outage, the Central Bank of Nigeria (CBN) has spelt out sanctions to Deposit Money Banks participating in the disbursement of the N213bn Nigeria Electricity Market Stabilisation Facility, otherwise called power sector intervention fund. The sanctions were contained in a five-page circular posted on the …

  The Edo State governorship election has been postponed this evening. Nigeria’s electoral body, the Independent National Electoral Commission (INEC) after a prolonged meeting decided to postpone the election by two weeks. An earlier security report had suggested the postponement which later came after a security meeting held in Benin, the state capital. INEC officials are to address the press …

80% Nigerian women, girls in Italy sex trafficking victims — VATICAN A total of 80 percent of Nigerian women and girls, who arrive Italy, are sex trafficking victims, Vatican news agency, Agenzia Fides has said. “Hundreds of thousands of people fall victim to human trafficking every year in Africa alone,” said Monsignor Ignatius Ayau Kaigama at an international conference against …

Telecom Sector Investment Hits $68b, Makes Biggest Contribution To GDP In 6 Years The Nigerian Communications Commission (NCC) has revealed that investment in the telecommunication sector has increased to $68.2 billion from $50million in 2001 and has recorded its biggest contribution of 9.8 percent to the nation’s Gross Domestic Product in six years This was revealed according to remarks by …

Conoil Profit Rises by 176%, proposes 200% dividend increase payout Conoil has announced a 176 per cent increase over its last financial year profit despite the turbulence that rocked the nation’s economy and indeed, the downstream sector of the petroleum industry in 2015. Following this impressive performance, the oil marketing giant has proposed a 200 per cent increase in dividend …

Fidelity Bank MD Advises Investors to Take Advantage of Stock Prices The Managing Director of Fidelity Bank, Mr. Nnamdi Okonkwo, has urged investors to take advantage of the current low prices of stocks, saying that it is the better to invest when prices are low. Despite the strong fundamentals of the listed companies, their shares are highly discounted due to …