Tag Archives: man

IMF Wants Nigeria To Stop Tax Holidays

International_Monetary_Fund_logo.svg

The International Monetary Fund has advised the Federal Government to urgently revisit tax holidays and exemptions given to companies. It specifically urged Nigeria to implement a reform that would see it phase out tax holidays and exemptions eroding the Company Income Tax base. Successive governments had granted controversial tax holidays and waivers, which were described as forms of corruption The …

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Unilever Nigeria Plc Appoints New Non-Executive Director

Chika Nwobi..Non-Executive Director

Unilever Nigeria Plc has appointed a new Non-Executive Director, Mr. Chika Nwobi to the board of the company. According to the company’s legal Director & Company Mrs. A. Ademola his appointment takes effect from 1 January, 2018. Chika Nwobi is founder of Level 5 Lab (L5Lab)– a venture development firm that has incubated several successful African tech companies including Jobberman.com …

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How to bring down high interest rate — MAN

Manufacturers Association of Nigeria, MAN, has said that right regulatory policies by the Central Bank of Nigeria can bring down high interest rate in the country to five per cent from the current charges of 25- 30 perccent by Deposit Money Banks, DMBs. Addressing the Senate Committee on Banking, Insurance and Other Financial Institutions headed by Senator Rafiu Ibrahim, MAN …

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MAN okays FG economic recovery plan

The Manufacturers Association of Nigeria has commended the Federal Government for its efforts at improving the current economic situation and endorses steps being taken to pull the economy out of recession. The association specifically lauded the Economic Recovery and Growth Plan of the government aimed at deepening the diversification and backward integration of the economy, as well as the establishment …

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Manufacturers List Challenges to Economic Growth

The Organised Private Sector (OPS) has listed 12 factors retarding the growth of the nation’s economy, isolating the prevailing huge scarcity of foreign exchange as the major impediment to economic recovery. They also called for a review of the list of 41 items banned by the Central Bank of Nigeria (CBN) from accessing forex in the interbank forex market with …

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Tax multiplicity as investment albatross

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 …

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Police nabs man having sex with horse

The Katsina Police Command has arrested a man for allegedly making love to a horse. Katsina State Commissioner of Police, Usman Abdullahi, disclosed this yesterday in Katsina while briefing newsmen. According to Abdullahi, the man was arrested in the night early in the week around Polo Ground in Katsina by a police patrol team. “Our policemen on patrol went to …

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