Category: Economy

$1trn economy: SEC DG lists factor constraining capital market’s potential   By Shalom Oludele Securities and Exchange Commission (SEC) has identified limited investor participation, regulatory hurdles and macroeconomic instability as key obstacles hindering the capital market’s contribution to the nation’s one trillion dollar economic goal. The Director-General of SEC, Dr Emomotimi Agama, said this at…

NGX loses N69bn as sell-offs hit Oando, Dangote Sugar, Nestle   The Nigerian stock market closed on a bearish note on Tuesday, with a loss of N69 billion, due to sell-offs in large and medium capitalised stocks. The Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N59.004 trillion, dropped by N69 billion or 0.12…

Bayelsa To Set Up Marine Safety Task Force, Create Fish Litireso aafirika OAU …Stakeholders Hail Blue E conomy Draft Policy Chris Mark, Bayelsa. As part of efforts to ramp up safety on waterways as well as harness its blue economy potential, Bayelsa State would establish a marine safety task force and create economic zones, to…

Reps C’ttee Expresses Concern Over The Ownership Of Infrastructure Bank   By Saheed Badmus     The House of Representatives Committee on Urban Development has expressed concern over the ownership of the Infrastructure Bank Plc, responsible for providing financial solutions to support key long term infrastructure projects.   The committee expressed its concern during an…

Expansion of Chevron In Nigeria Will Increase Economic Development, Says Minister of Petroleum Resources   The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has disclosed that Chevron’s continued commitment and expansion in Nigeria will not only bolster the nation’s energy security but will also further the country’s economic development goals. He, therefore, encouraged…

  Tinubu is Leading Nigeria on the Right Track – Amb. Anister By Ahiaba Douglas, Abuja Ambassador of the African Union 2023 Agenda, Dr. Sammy Anister, has said that the President Bola Ahmed Tinubu led-federal government has positioned Nigeria on the right path and Direction for multifaceted development. Amb. Anister made this statement at a…

Despite Hardship, Govt Announces Move To Tax More Nigerians Despite the present state of biting economic hardship in the country, the Nigerian government has announced a plan to tax more Nigerians and Businesses. According to the government, this plan is part of the government’s Economic Stabilisation Bills approved by the Federal Executive Council on Monday….

The Legal Framework for Taxing Cryptocurrencies in Nigeria This paper by Learned Senior Advocate, Dr Olukayode Ajulo, provides an in-depth examination of the legal status of cryptocurrencies, their validity as legal tender, the current legal framework for taxing cryptocurrencies in Nigeria, the challenges faced, and the potential future directions for policymakers *An Examination of the Current State…

Synergy between Town Planners, Ministry ‘ll boost Ondo’s IGR, enhance buildings’ safety – Olaniyi    Determined to ensure safety of buildings as well as boosting the Internally Generated Revenue, IGR of Ondo, the State Commissioner for Physical Planning and Urban Development, Barr Gbenga Olaniyi has called for synergy between the Town Planning Consultants and prospective…

Nigerians need living wage, not minimum wage — Stakeholders   What is needed is a living wage and not necessarily a minimum wage and that is where the labour union seems to be getting it wrong. The Executive Director for Centre of Good Governance, Comrade Dr Ayo Olowu made the disclosure, while speaking with our…