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Business Interview/Opinion

The concession speech of Ghana’s President, John Dramani Mahama

I think we lost because our time was simply up, and no amount of deceptive campaign promises could keep us in power. No amount of monopolization of the media space could save us. No amount of money could stop our defeat. No amount of local and international celebrity endorsements could help us. And no amount of vote buying could stand ...

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IGR: Lagos seals 6 hotels over tax evasion, Rivers warns advertisers

Ambode, lagos gov

No doubt, many states across the federation are now becoming very serious with generating Internally generated revenues (IGR). Only last week, the Anambra State government clamped down on owners of billboards for not remitting their taxes just as Rivers State government followed suit. This is coming at a time the Rivers State Signage and Advertisement Agency (RISAA) has advised outdoor ...

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Hot chase on BDCs gives naira fresh ease as it gains against dollar

The Naira on Friday strengthened against the dollar in all segments of the foreign exchange market. Some experts who spoke to our correspondents yesterday said the appreciation of naira cannot be unconnected with the ongoing raids and arrests of Bureau De Change (BDC) dealers in Lagos and Abuja which also reached Port Harcourt and Kano as at yesterday’s evening. It ...

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Full Speech of President Muhammadu Buhari during the inauguration of the Presidential Committee on North East Initiative on October 26, 2016

Buhari M

Today marks an important milestone in our desire and determination to restore normalcy and stability to the North Eastern part of our country. The devastation to human lives and livelihoods by the insurgency in the North East is severe, with more than an estimated 20,000 persons killed, an estimated 2.4 million persons displaced and billions of naira worth of personal ...

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FG has endorsed new maritime security architecture –Amaechi

Rotimi Amaechi

Minister of Transportation, Hon. Rotimi Amaechi recently hosted the executive of the Association of Maritime Journalists of Nigeria (AMJON) in Abuja. During an interactive session, he revealed that the Federal Government is worried over criminality in the Nigerian maritime domain and piracy in the country’s waterways. But to handle the scourge, he disclosed that President Muhammadu Buhari has approved new ...

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My story and the CWG Plc today, Okere opens up

CWG boss

Austin Okere is the Founder of Computer Warehouse Group (CWG) Plc, the largest Systems Integration Company in Sub-Saharan Africa & Entrepreneur in Residence at CBS, New York. He serves on the World Economic Forum Business Council on Innovation and Entrepreneurship. In this interview, he gives critical insights to his beginning, journey so far and future targets. Excerpts:   How would ...

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Non-performing Loans in Nigeria’s Banking System gallops to 11.7%


Indications have emerged that Non-performing loans (NPL) in Nigeria’s banking system soared to more than double the limit set by the regulator as the industry struggles with an economic downturn. The ratio of non-performing loans to total credit rose to 11.7 percent at the end of June from 5.3 percent at the end of 2015. The Central Bank of Nigeria ...

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Full Text of President Muhammadu Buhari Independence Day Speech, Today October 1st, 2016


Today – 1st October is a day of celebration for us Nigerians. On this day, 56 years ago our people achieved the most important of all human desires – freedom and independence. We should all therefore give thanks and pray for our founding fathers without whose efforts and toil we would not reap the bounties of today.   I know ...

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Can Stakeholders’ Stop NASS in passing CST Bill?


Certainly, the massive drop in oil revenue coupled with dearth of business enabling facilities have crippled government’s income base since the beginning of this administration. The development is now forcing government to scout for taxable entities in an economy that is riddled with multiple taxation but weak harmonization and tax data base. NIGERIA BUSINESS HILIGHTS looks at stakeholders’ and government ...

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