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Businesses heading for total collapse, NECA raises alarm

lSays over 50 taxes weighing businesses down, warns against further borrowing lAs FIRS calls for harmonised tax  systemlEconomy facing many vulnerabilities — Muda Yusuf The Nigeria Employers’ Consultative Association, NECA, has hinted that most businesses in Nigeria are now on the brink of collapse under the pressures from the economic policy environment. In a statement […]

Fitch upgrades First Bank to ‘B’, outlook stable

By Babajide Komolafe, Economy Editor Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) of FirstBank Limited and that of its parent company, First Bank Holdings Plc to ‘B’ from ‘B-’, citing key performance indices including improved capitalization, asset quality and healthy profitability. In a statement announcing the new ratings, Fitch said: Fitch Ratings […]

Peter Obi: As tough as nails (2)

By Chuks Iloegbunam   From Friday, the piece continues, today, the narrative of the drama that unfolded following news of the impeachment of Governor Peter Obi of Anambra State AS Channels Television showed a few weeks later, the House reconvened in Awka under heavy security cover and the Speaker, Mike Balonwu, moved the motion. In one […]

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