Rate Hike: MAN, NECA Warn CBN on Imminent Recession, Higher Prices   The Manufacturers Association of Nigeria (MAN) and the Nigeria Employers’ Consultative Association (NECA) have said the recent increase of the Monetary Policy Rate by the Central Bank of Nigeria will compound the imminent recession...

MAN, Others Reject FG’s Excise Tax Hike   The Organised Private Sector of Nigeria comprising the Manufacturers Association of Nigeria (MAN), the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), the Nigeria Employers’ Consultative Association (NECA), the Nigerian Association of Small Scale Industries...

NECA Warns FG Against IMF Demand, Rejects Tax Hike   The Nigeria Employers’ Consultative Association (NECA) says the International Monetary Fund (IMF)’s call on the Federal Government to increase taxes in order to reduce borrowing will affect economic growth and worse the country’s plight. The Director General...

Organised Private Sector Battling Over 50 Taxes – NECA Boss   The Director-General of the Nigeria Employers’ Consultative Association (NECA) Mr Adewale Oyerinde, has said that organised businesses are presently faced with over 50 different taxes, levies and fees at all tiers of government, some of...

FDI, Capital Importation'll Remain Low Till Q3, 2021 — NECA       The Nigeria Employers’ Consultative Association (NECA) has said Foreign Direct Investment (FDI) and capital importation will remain low till the third quarter of 2021. Its Director-General, Dr Timothy Olawale, made this known in a statement in...

Debt Servicing Hindering Nigeria’s Economic Growth Efforts – NECA       The Nigeria Employers’ Consultative Association has warned that the growth in Nigeria’s external debt was jeopardising the economic growth efforts of the Federal Government. The association raised this concern in a statement on Tuesday titled ‘Salvaging the...