President of the Institute, Prof. Munzali Jibril, agreed that the Federal Government is working hard to mitigate the prevailing economic situation, especially through the recent interventions by the Central Bank of Nigeria (CBN).
Nigeria to showcase maritime potential in Norway
“The delegation, to be led by the Honourable Minister of Transportation will be holding series of meetings with maritime stakeholders during the Norway shipping week to discuss available opportunities in the Nigerian maritime industry,” he stated.
‘Unfriendly business clime keeping U.S. firms from Nigeria’
The President, The Nigerian Stock Exchange (NSE), Aigboje Aig-Imoukhuede, said unless there is a paradigm shift in government’s efforts and particularly in the attitude of public servants desired economic growth may remain un achieve.
APR Plc’s shareholders endorse N600m dividend, name change
Shareholders’ of Africa Prudential Registrars Plc (APR) have commended the first expansion exercise, even as they approved a total of N600 million dividend, culminating to 30 kobo per share, due to every investor of the firm for the 2012 financial year.
Nnanna succeeds Alade as AFC Chairman
Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has announced Dr Joseph Nnanna, a Deputy Governor at the Central Bank of Nigeria (CBN), as its new Chairman.
Nigeria loses crude oil export destination to U.S.
Commenting on the development, a former President, Nigerian Association of Petroleum Explorationists (NAPE), Nosa Omorodion, said: “The current realities make it most imperative for our local refining capacity for petroleum products to be up scaled.
Firm urges government to lower income tax rate, expresses hope in Nigerian market
To ease the multiplicity of tax reforms and dispute resolution mechanism, government has been advised to reduce corporate tax from 30 per cent to 20 per cent, lower the rate of personal income tax from 20 percent to 10 per cent and concentrate on indirect taxes.
Internet subscriptions fall further in Nigeria
Internet subscriptions in Nigeria seem to have sustained a downward profile, as about 1, 275, 573 consumers appeared to have fallen off the radar in one month.
GSK Consumer repositions, to focus on consumer healthcare portfolio
One of the leading fast moving consumer healthcare companies, GlaxoSmithKline Consumer Nigeria Plc, has reiterated its commitment to broadening its range of health-care products and widening distribution to boost sales after a challenging economy in 2016 and the disposal of its drinks business slashed its revenue.