Tag: African Economy

Bridging The Financing Gap And Optimal Taxe Rate By Pat Utomi

It start with south bound crude Oil prices. But it should have started much earlier. Public Authorities in Nigeria seem to have rediscovered the concept of taxation. But can the push discourage savings at some point and bring forward images of Arthur Laffer, the Laffer curve and supply side economics.[Read More…]

CBN Bans Hawking Of Foreign Exchange On The Streets From January 1, 2016

The Central Bank of Nigeria (CBN), in its latest circular which sets out the new guidelines for the operations of Bureaux de Change (BDCs) operators, has said that hawking of foreign exchange on the streets, common in Lagos, Abuja, and Port-Harcourt, and which has endured for over three decades, surviving[Read More…]

PDP Rep Member Sues Buhari Over ‘illegal’ Bailout For Nigerian States

A member of the House of Representatives, Mr. Igariwey Iduma-Enwo, on Wednesday approached an Abuja Federal High Court to challenge the decision of President Muhammadu Buhari, to rescue states in the country from their financial mess with a bailout of N713.7bn. Many states were already owing backlog of unpaid salaries[Read More…]

NERC Moves To Protect Exploitation Of Un-metered Nigerians

by Tahiru Sherriff A consultative session organized by the Nigerian Electricity Regulatory Commission (NERC) is according to Dr. Sam Amadi a first step in a series of moves aimed at developing a sector wide policy on the maximum monthly bill for electricity customers without meters. While speaking to during the[Read More…]

Here’s A Quick Peak At The Island That Trumps Nigeria, SA As Most Competitive African Economy

Following the recently released World Economic Forum report on the global competitiveness index, a measurement of countries’ productivity and investment landscape, one would expect high flyers like Nigeria, the continent’s largest economy, and South Africa, its most developed, to lead Africa’s economic train. But a less talked about island, Mauritius[Read More…]