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SEC, ICPC to tackle fraudulent activities in capital market

The Securities and Exchange Commission (SEC), and the Independent Corrupt Practices and other Related Offences Commission (ICPC), have reached an agreement to collaborate in the fight against fraud and other related offences in the Nigerian capital market. This agreement was reached when the SEC management met with the ICPC team in Abuja, yesterday. Acting Director-General of […]

How Bones Inspired a New Way to Harness Renewable Energy

With renewables set to play a key role in achieving EU greenhouse gas emission targets in the coming years, scientists are constantly on the lookout for ways of generating energy that isn’t as intermittent as solar or wind. Turning to our seas and oceans is one way of doing so, with tidal, hydroelectric and osmotic energy […]

Why India is the new hotspot for renewable energy investors

India is home to one of the largest clean-energy expansion programmes. Support from the government and foreign investors is driving this growth. There is still more the state can do to support this transition, however. As the world comes to terms with the enormity of the threat posed by climate change, India’s emergence as home […]

The UK in Africa: facts and figures

As political and business leaders gather in London on 20th January to discuss the next steps in relations between the continent and the UK, here are the facts and figures underpinning the relationship The UK’s Foreign Direct Investment in Africa stood at approximately £39bn in 2018. By 2022, CDC the UK’s Development Finance Institution, aims […]

Smartphone users spend $120 billion on mobile apps in 2019

Smartphone users spent $120 billion on mobile apps, as 204 billion apps were downloaded in 2019, setting a record higher than that of 2018, the annual State of Mobile report has shown. The annual report, “State of Mobile” by App Annie disclosed that the number of mobile apps downloaded climbed 6% to hit 204 billion when compared to 2018, while it […]

Address by ACCI President at Turkish-Nigeria business forum

TEXT OF A SPEECH DELIVERED BY PRINCE ADETOKUNBO KAYODE,CON, SAN, PRESIDENT,ABUJA CHAMBER OF COMMERCE AND INDUSTRY AT THE TURKISH NIGERIAN BUSINESS FORUM ON JANUARY 14TH, 2020   Protocol: For over a decade now, I have been an avid actor within the Nigerian Turkish space either as a former minister of Nigeria or now as a […]

Growth Prospects for MSMEs Widen as Buhari Signs Finance Bill

Tax experts have welcomed the signing of Finance Bill 2019 into law by President Muhammadu Buhari, saying it will improve government’s revenue and ease tax burden on micro, small and medium sized enterprises (MSME). The Finance Bill, which the president signed into law yesterday, will kick-start the implementation of the new Value Added Tax (VAT) […]

Experts list expected gains, fears as Finance Bill becomes law

Some experts have identified a lack of infrastructure and enabling environment; transparency and accountability; and effective utilisation of public funds, as the major challenge that will beset the expected gains of the Finance Bill signed into law by President Muhammadu Buhari. There are indications that members of the nation’s economic team have already assembled in […]

This Material Could Squeeze More Energy from Solar Panels

Research teams in Australia and China are inching closer toward a solar cell design that could revolutionize the industry, but plenty of hurdles remain. The key lies with perovskite, a crystalline structure first discovered in Russia in the mid-1800s. Engineers want to use the material to build cheaper and more efficient solar panels—potentially in tandem […]

Five 2020 Energy Predictions: Solar Surge, Coal Crash, Gas Exorcism, Clean Energy Incentives, Public Mobilization

2019 may have been the year clean energy irreversibly turned a corner toward dominance in the United States. After all, who could have foreseen last January that America would realize existing coal can’t compete against new renewables, see new solar-plus-storage beat new natural gas generation on price, have 13 states and territories committed to 100% clean electricity, or envision […]

Nigeria’s tax reform to encourage restructuring, small business

Nigeria’s most far-reaching tax reform in 20 years will facilitate corporate restructuring and ease the burden on small business – while leaving the scope for private arrangements with tax inspectors untouched. The 2019 finance bill has been passed by both chambers of the national assembly, but is still waiting for final presidential assent. President Muhammadu Buhari had […]

Taxes you should be aware of before starting a business in Nigeria

Tax liability is an important aspect of your business and compliance obligations. Therefore, a key understanding of the tax regime, which operates in your area of operation, is quite important. Taxes in Nigeria are of two categories: federal taxes and state taxes. Federal taxes include Companies Income Tax, Value Added Tax, Education Tax, etc. State taxes, […]

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