Manufacturers lose 50% half-year profit to operating, forex





The harsh operating environment aggravated by COVID-19 disruptions and foreign exchange liquidity crisis has caused the fortunes of local manufacturing firms to plunge by 50 per cent in the first half (H1) of 2021. The manufacturers, all listed on the Nigerian Exchange Limited (NGX), were severely impacted by low capacity utilisation……



RMAFC assures acceptable new revenue formula coming, commends stakeholders’ input









The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), on Sunday gave the assurance that a new and acceptable revenue formula that will tackle new development realities in the country will be in place. Chief Elias Mbam, the Commission’s Chairman, gave the reassurance in an interview with the News Agency of Nigeria (NAN) in Abuja. He was analysing the successful engagements the commission had with various stakeholders across the country….









Nigeria, others pledge support for eco-friendly agriculture







Nigeria and 44 nations have pledged to invest in sustainable farming to protect nature. Also, 95 high-profile companies have committed to being ‘nature positive,’ and have agreed to work towards halting and reversing the decline of nature by 2030. The Press and Public Affairs Officer, Foreign Commonwealth and Development Office, Ndidiamaka Eze, in a statement, said the governments….







Eight PFAs meet N5bn capital requirement







Chief Executive Officer, Pension Fund Operators Association of Nigeria, Oguche Agudah, said on Friday that eight out of the 20 pension fund administrators in the country have scaled the recapitalisation hurdle of raising their capital from N1bn to N5bn…..