By Asiwaju Bola Ahmed Tinubu The economic fallout from the coronavirus may present the best, most pressing case for revising the CBN’s high interest rate policy. The undue rates penalise domestic investment and consumer borrowing. This reduces both aggregate domestic supply and, to a lesser degree, aggregate domestic demand. The chronic gap between domestic supply […]
Category: Business Opinion
By Ibrahim Moshood & Tozaye Balogun The Federal Inland Revenue Service (“FIRS”) recently issued a Revised Information Circular on the Tax Treatment of Non-Governmental Ogranisations (NGOs), hereafter referred to the as “Revised Information Circular” or “the Circular”. The Circular, published on 31 March 2021, amends, updates or replaces the FIRS’ initial information circular (issued in 2010) […]
By Halima Imam Foreign direct investment (FDI) is a key component in global economic integration. More simply, it’s basically an investment by a company based in one country, into a company based in another country. FDIs create jobs and employment, they contribute revenue to the government, and they transfer knowledge from more developed countries to […]