Nigeria’s poor growth will weaken W’Africa’s economy –W’Bank
The World Bank has said that the lower-than-average growth in Nigeria will hold back the sub-region’s economic performance.
The Washington-based lender in a report on the economic outlook of Western and Central Africa stated that...
Subsidies, tax breaks detrimental to production, says IMF
The International Monetary Fund has said that most industrial policies rely heavily on costly subsidies or tax breaks, which could be detrimental to productivity and welfare if not effectively targeted.
The multilateral lender stated this...
Air Peace’s expansion, naira rebound deepen competition on international routes
Air Peace’s commencement of flights on the London route and the recovery of the local currency have sparked fresh competition on international routes,
Nigeria’s indigenous airline, Air Peace, may face a prolonged market battle with...
‘Poor legal framework bane of port reforms’
Lack of legal framework and economic regulation in the port reform of 2006 has created various bottlenecks and hindrances in the port reform system, the National President of the National Council of Managing Directors...
Investments in research will unlock solutions for ocean conservation – Oyetola
The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola has stated that that investments in research, innovation and technology could unlock new solutions for ocean conservation resource efficiency, and climate resilience.
According to a...
Forex policies affecting transborder trade, say traders
The Central Bank of Nigeria’s foreign exchange policies mandating traders to repatriate their earnings are hurting intra-African trade, according to the Transborder Traders Association.
The president of the association, Nasiru Salami, disclosed this in Lagos...
‘NGOs need to be tax-compliant’
A tax-compliant expert from Goldstone Attorneys, Obare Musa, has called on non-governmental organisations to ensure they remit their taxes to the appropriate authorities.
Musa, who spoke at a two-day training organised by Global Rights for...
Dredgers threaten legal action against Epe fish farmers
As controversy continues to trail the death of tilapia fish in Epe, the Dredgers Association of Nigeria has threatened to take legal action against Epe tilapia fish farmers for laying false accusations against its...
Lagos-Calabar coastal highway costs N4bn per kilometre – Umahi
The Minister of Works, David Umahi, has said the government is constructing the Lagos-Calabar coastal highway at a total cost of N4bn per kilometre and not the N8bn per km reportedly claimed by former...
FG losing huge revenue to low crude production – PETAN
The Petroleum Technology Association of Nigeria has claimed that the country is losing a lot of revenue daily due to its inability to ramp up crude oil production.
The Chairman of PETAN, Wole Ogunsanya, stated...
