Business

Wage bill, other spending exceed subsidy savings — Oyedele

Wage bill, other spending exceed subsidy savings — Oyedele

…Govt saved N15.8trn from subsidy removal, naira floatation …FG got only N5.43trn, borrowed N11.85trn …No large pool of cash available to FG By Emma Ujah, Abuja Bureau Chief ABUJA — The Federal Government has clarified that the N15.8 trillion saved from fuel subsidy removal and the flotation of the naira between June 2023 and December […]
Visible Articles 5 10 15
NERC to commission new forum offices

NERC to commission new forum offices

In a bid to promote and ensure an investor-friendly industry with efficient market structure, the Nigerian Electricity Regulatory Commission, NERC, will commission two additional Forum Offices in the South-East of Nigeria.

IFRS: ICAN certifies more members

IFRS: ICAN certifies more members

The Institute of Chartered Accountants of Nigeria (ICAN) has certified about 30 members with the International Financial Reporting Standards (IFRS) Certification

FRC, shareholders poised for war over audit committee chair

FRC, shareholders poised for war over audit committee chair

Trouble is brewing between the Financial Reporting Council (FRC) and notable shareholder groups in the country over a draft rule by FRC spelling out the qualification individuals aspiring to the position of audit committee chairmen of quoted companies must possess.

SMEs role and Lekki Garden brand value

SMEs role and Lekki Garden brand value

Since the Lekki Garden collapse incident occurred, sentiments have been wiped, there’s been blames and counter blames, yet no one invests to lose it overnight, and expects to remain in business.

Economic summit: elephant goes into labour delivers a mouse – 2

Economic summit: elephant goes into labour delivers a mouse – 2

We will deliver 10,000MW target, Fashola says.”PUNCH, April 2, 2016, p 8. That statement, already made stale by previous administrations, was uttered on April 1, 2016. Nigerians hope that in three years it would not turn out to be an April fool’s joke. For three weeks before the Minister of Power restated that pledge, power supply had averaged less than 2500MW and Nigerians had been treated to the same litany of familiar, and stale, excuses – vandalisation of pipelines, no gas supply, breakdown of systems etc. With all due respects to Fashola, one might ask where he had lived these past sixteen years.

Enugu investment summit to reposition state’s economy

Enugu investment summit to reposition state’s economy

The Enugu State government is set to attract prospective investors to take over the operations of identified state owned companies and corporations, for which the Enugu State Investment Summit (ESIS) scheduled to hold from April 12 – 14, 2016 will provide a platform.