Economy Archives - Business Journal

The failure of many airlines in Nigeria and why those that are still operational are struggling for survival is attributable to a litany of peculiar Nigerian problems including greed exhibited by airline owners; financial rascality, overbearing charges and taxation by regulatory agencies; unpredictable and unstable forex; non-existent good corporate governance principles; lack of due diligence

The hiring market has changed dramatically over the last year. The unemployment is at a 50-year record low 3.5% and competition for top talent is fierce. IBM reports that “90% of the S&P 100 are recruiting for the same 37 in-demand jobs.” Getting ahead of the talent acquisition race starts with learning about next year’s biggest trends, topics, and innovations.

The mood among Africa’s reinsurance executives has become more bearish as declining rates and rising claims weigh on the profitability of the African reinsurance markets with a current premium volume of roughly US$ 7.5 billion. While Africa’s economies are still recovering from the commodity crisis of 2016, which highlighted the continent’s vulnerability to external shocks,

Nigeria has one of the highest company income tax rates globally which is a disincentive for business growth, Tax leader, PwC Nigeria, Taiwo  Oyedele has said. He spoke on Saturday at the Finance Correspondents Association of Nigeria, FICAN annual workshop themed “Unlocking Opportunities in Nigeria’s Non-Oil Sector.” According to Oyedele, Nigeria is in the top 10 in

Africa’s pace of economic growth is set to pick up this year but the recovery remains patchy and debt levels are soaring, adding urgency to the continent’s drive to boost trade, experts told the World Economic Forum on Africa. There are clear bright spots. Five of the world’s fastest-growing economies – Ghana, Ethiopia, Senegal, Côte

Nigeria might be facing another financial crisis as a result of government failing revenues, BudgIT has warned. In an analysis of the federal government 2018 budget performance, released on September 2, 2019, the civic-tech organization points out that the government spent a sum of N7.51tn based on total revenue of N3.86tn, creating a deficit of

French President Emmanuel Macron and G7 leaders on Sunday approved a package totalling $251 million in support of the African Development Bank’s AFAWA initiative to support women entrepreneurs in Africa. “I am particularly proud, as the current G7 president, that the programme we are supporting today, the AFAWA initiative, comes from an African organisation, the