For a private sector already overwhelmed by multiple taxes, the Centre for the Promotion of Private Enterprise (CPPE) has said that the imposition of excise duty on all services will make the business community vulnerable. Director of CPPE, Muda Yusuf, in a statement, titled, “Tweaking the 2023 Finance Bill and Options for Unlocking revenues in…
The Centre for the Promotion of Private Enterprise (CPPE) has called for a total review of the Finance Bill 2022, which President Muhammadu Buhari denied assent to on Tuesday, citing some irregularities. CPPE, in a statement, said the bill was hastily passed by the National Assembly without inputs from key stakeholders. According to the statement…
As the year begins with a new government expected to come in May, stakeholders are expecting a positive, efficient and effective maritime sector in 2023.
To unlock growth and investment in 2023, the Federal Government has been urged to facilitate reforms in the oil and gas sector, fix power and prioritise infrastructure financing. The Centre for the Promotion of Private Enterprise (CPPE), disclosed this in its economic and business environment review for 2022 and agenda for policymakers for 2023. In…
Citing concerns about the rising burden of taxation on businesses, the Centre for the Promotion of Private Enterprise (CPPE) has warned that the current tax regime in Nigeria will further stifle investment as corporate taxes may hit 36 per cent
The rise, in the third quarter of 2022, of the country’s public debt to N1.2 trillion, which also rocketed the nation’s total public indebtedness to N44.06 trillion is driven by new borrowings by the Federal Government to part-finance the deficit in the 2022 Appropriation Act...
For the Federal Government to rally its insurance obligation as the highest financier, there is a need to set aside two per cent for insurance premiums yearly from the non-debt expenditures to safeguard the government’s properties in the country.
Nigeria’s current obsession for revenue generation is hurting the international trade processes and impacting adversely on domestic and foreign investment, as well as its capacity to improve its earnings, the Centre for the Promotion of Private Enterprises (CPPE) has warned.
Rather than celebrating, Nigerian businesses are currently at a crossroad over what the future of the country holds for them, having had their fair share of the troubled economy in the last few decades.
21 Jul 2022
Nigeria's energy crisis has continued to worsen with prices of household kerosene and diesel spiking by as high as 105.70 percent and 202.67 per cent respectively between June 2021 and June 2022.
16 Jul 2022
Nigeria’s inflation rate recorded a seventh consecutive monthly rise to 18.6 percent in June, representing a 0.9 percent point rise from the 17.71 percent it was in May 2022.
16 Jun 2022
Stakeholders are in panic mode over the fate of the nation’s economy, stemming from a sustained energy crisis that has lasted seven years.