Business Hilights

Tracking Nigeria's Headline Business News Online

Day: January 15, 2020

Finance Bill: ‘When you raise tax rate, compliance will go down’—PwC

Leading tax expert and partner on taxation with PricewaterhouseCoopers (PwC), Mr Taiwo Oyedele has raised an issue of urgent national importance, saying “All things being equal, anywhere around the world, when you raise tax rate, compliance will go down because…

Operating costliest ports in W’Africa pushing importers to neighbours—Bello

The Executive Secretary of Nigerian Shippers Council (NSC), Barr Hassan Bello, has opened up on reasons why neighbouring ports have been attracting key Nigerian import business and shipping vessels. Speaking in Abuja in an interview, he said part of the…

Kaspersky new logo
ICT

Alert! ‘Silence Hacking Group’ now targeting sub-Saharan African banks— Kaspersky

Latest report of the global giant in cyber security and associated intelligence, Kaspersky security researchers, have reported on thousands of notifications of attacks on major banks located in the sub-Saharan Africa (SSA) region. The report revealed that “The malware used…

NCC INEC
ICT

Chronicling NCC’s performance since 2015 to date (1)

On August 4, 2015, Prof. Umar Garba Danbatta, was appointed by President Muhammadu Buhari as the Executive Vice Chairman/CEO of the Nigerian Communications Commission (NCC), the regulatory authority for telecommunications in Nigeria. He was subsequently confirmed by the Senate on…

Dangote powers local content by ordering more TSS-ANAMMCO Shacman Trucks

Contrary to some media reports that Dangote Group recently ordered thousands of heavy duty trucks from China, correct facts have emerged showing that it actually ordered trucks from a local assembly plant in Emene, Enugu State. The plant, powered by…

Ghosn crisis ‘in no way’ pushing us to end partnership with Renault—Nissan

Following mixed international reactions trailing the no-hold-barred revelations at a recent world press briefing by the fugitive former boss of Nissan Renault auto group, Mr Carlos Ghosn, Renault, the Japanese auto giant insisted Tuesday that Nissan is “in no way”…

PwC opens up on how NNPC underdeveloped Nigeria, raised poverty level

…Says realistic economic diversification should start form NNPC Until the Federal Government reverse to begin its economic diversification campaign from the oil and gas sector and the Nigerian National Petroleum Corporation (NNPC), self deceit remains the best explanation for whatever…

FIRS failure to deepen tax net fuelled new Finance Law—NECA

Endless reactions have continued to trail Monday’s presidential assent to the passed Finance Bill as experts continue to throw up issues arising from the new tax reform law. Already, the Director-General, Nigeria Employers’ Consultative Association (NECA), Mr Timothy Olawale had…