Economy exits contraction but households remain pessimistic — CBN
•As PMI rebounds to 50.1pts •Business confidence moderates to 7.2pts •Households shun houses, cars, investments •Food remains top spending priority By Babajide Komolafe Nigeria’s economy exited contraction in June as the Purchasing Managers’ Index, PMI, rebounded to 50.1 points from 49.6 points in May, driven by sustained expansion in the agriculture sector despite continued weakness […]
World Water Day: NBC hosts 200 farmers
To commemorate the United Nations’ World Water Day, Nigerian Bottling Company (NBC) has hosted 200 crop and fish farmers in six states across Nigeria to a session on water management and food security facilitated by experts from agriculture and water resources fields.
Transfer pricing law ‘ll boost Nigeria’s revenue, firms’ profitability – PwC
The proposed regulation on Transfer Pricing, set to come into effect, mid 2012, will help increase the profitability of Nigerian firms and boost the revenue profile of the country, says PriceWaterhouseCoopers, PWC, Nigeria Limited.
Address market illiquidity, growth with stabilisation fund – CIS
The Chartered Institute of Stockbrokers, CIS has called on the Federal Government to help address the lingering issue of illiquidity in the Nigerian capital market with the establishment of a stabilization fund.
Capital market hearing: Reps are pursuing own goals – Shareholders
Investors in the capital market, have flayed the National Assembly and the Securities and Exchange Commission over the shady conduct of the public hearing on the near collapse of the Nigerian capital market, saying both parties deviated from the core issues to focus on irrelevancies.
NCDMB clarifies price disparity between Nigerian, foreign oil service companies
Following complaints by some indigenous oil service companies that the spirit of price disparity between them and their foreign counterparts while bidding for jobs with International Oil Companies negates the spirit of fairness the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB) Engr. Earnest Nwapa has clarified the reasons behind the development if it does exist.
