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Category: Business

INEC: Shift Of Elections Would Affect The Economy, Foreign Investors

By Chinyere Joel-Nwokeoma Financial experts on Saturday said the hasty postponement of the general elections by the Independent National Electoral Commission (INEC) would create uncertainty and affect inflow of foreign investments. They told the News Agency of Nigeria (NAN) in separate interviews in Lagos that the hasty postponement a few hours to the Presidential and […]

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Millions Of Dollars Lost In Nigeria To Tax Evasion Due To Incoherent Policies

The Federal Government is mustering the political will to coerce revenue generation through high-profile individuals, Ministerial Departments and Agencies and others to fittingly submit to the federation account what is due to government. ODIMEGWU ONWUMERE unearths that millions of Dollars have been lost to tax defaulters and the private sector is dogged to say that […]

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Nigeria: Illegal Taxation Continues Despite Several Moves By Authorities To Halt Perpetrators

Nigerians in different quarters are crying over what they describe as multiple-taxation from touts and government. ODIMEGWU ONWUMERE unearths that this is giving them concern and they want authorities concerned to look into their ordeal. But their request seems a tall dream given authorities’ promises and measures put in place to rescue them Illegal taxation […]

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Nigeria Gains $14.12m From African Development Bank For Membership In African Trade Insurance

The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s membership in the African Trade Insurance Agency (ATI). This is a critical and mandatory step to enable ATI commence its operations in Nigeria. Nigeria, as Africa’s largest economy, joins 14 other African […]

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AAS Launches Global Standard For Transparent Research And Humanitarian Funding

The African Academy of Sciences (The AAS) on December 12 2018 launched the Good Financial Grant Practice (GFGP), a global standard to promote transparency and strengthen the governance of grant funding worldwide. The GFGP standard, developed in collaboration with the African Organization for Standardisation (ARSO), is the first such tool developed in Africa for international […]

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