Economic Confidential

NAICOM Frowns at Late Rendition of Statutory Returns

…set to issue roadmap on Risk-based Supervision The National Insurance Commission (NAICOM) has frowned at the rate at which Insurance companies in the country submit their statutory returns late to the regulatory authority, saying that henceforth, the development will be...

Reforming the Nigerian Tax System

In developed and emerging economies of the world, taxation remains a veritable source of revenue for government to put in place necessary infrastructure and economic development initiatives. It is on that note that analysts have called for reform of...

Dealing with the Menace of Sub-standard Tyres in Nigeria

All over the world, roads are prime infrastructural contributors to micro and macro-economic development of any nation. As a matter of fact, it is the back-bone of commerce, enabling passenger and freight movement across the nation. Nations expend huge...

Nigeria’s Unending Power Conundrum

Right from Faggae local government in Kano state to Kaduna North, Zaria local government in Kaduna, to many local governments in Lagos state and other suburbs in Southern Nigeria, the continuous cry about power outage has been deafening as...

NERC: Why We Review Tariff Bi-annually

The Nigerian Electricity Regulatory Commission (NERC) has said many factors are responsible for tariff review in the country bi-annually. A statement by Dr Usman Arab, NERC’s Head of Public Affairs, in Abuja said the allegation that the commission always sided with...

Budget Deficit Undermines Investors’ Confidence – SEC

The Director General of the Securities and Exchange Commission, Mounir Gwarzo, has said large budget deficits can affect stock prices and undermine investor confidence. Speaking at the 2017 Budget seminar, organized by the SEC, Gwarzo said the primary concerns for...
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