Peoples Daily Online

BUSINESS

MAN decries multiple taxation on industrialists

The Manufacturers Associa-tion of Nigeria (MAN) has decried the multiple taxations imposed on industries by the three tiers of government. Mr Wole Akeukereke, the Executive Secretary,West of MAN made the complaint in an interview with the News Agency of Nigeria (NAN) in Ibadan.

 

Privatisation won’t solve power crisis, say electricity workers

From Bayo Alabira, Jos

The Organizing Secretary of the National Union of Electricity Employees (NUEE), North-East Zone, Mr. Anthony Sule, has said the privatisation of Power Holdings Company of Nigeria (PHCN) would not end power crisis in the country

 

The attitude of excellence in business

BUSINESS DIGEST with Franklyn Akinyosoye

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it GMS: +234-80333144467

We work for a few printing companies in Abuja and some of the biggest in Northern Nigeria. I have issues with almost all of them in the way and manner they treat quality or excellence.

 

Saving Nigeria its economic blushes (I)

By Benjamin Tialobi

News that the International Monetary Fund (IMF) and World Bank have classified African economies as recording fast growth and could become growth drivers for the entire globe hit the air waves last week to the delight of many Africans who have had to persevere the continent’s low rating in several areas of human endeavour. 

 

First lady calls for more private investment in aviation sector

From Suleiman Idris, Lagos

Nigeria’s First Lady, Dame Patience Jonathan has decried the low level of participation of private investors in the country’s aviation sector. The first lady said with the remarkable results of heavy government investment in the aviation industry coupled with the good record of flight safety in Nigeria, investment by private sector in the volume of traffic is yet to meet the desire goals.

 

Tanzania inflation slows to five-year low of 4.5%

Tanzania’s year-on-year inflation rate slowed in September to its lowest level since November 2005, mainly due to weaker food prices, the National Bureau of Statistics (NBS) has said.

 

Court grants FinBank MD, director permission to travel abroad

From Francis Iwuchukwu, Lagos

A Federal High Court presided over by Justice Daniel Abutu yesterday granted permission to sacked Managing Director of Finbank Plc, Okey Nwosu and a Director in the bank, Dayo Famoroti to travel abroad for medical check-up and business dealings.

 

BPE defends N130bn as likely pension claims of PHCN workers

The Bureau of Public Enterprises (BPE) has defended the Federal Government’s decision to set aside N130 billion to settle pension claims of the Power Holding Company of Nigeria (PHCN) workers.

 

Unity Bank climbs to nine month pre-tax profit of N10.87bn

By Musa Adamu with agency report

Unity Bank climbs to nine month pre-tax profit of N10.87bn Unity Bank said on Wednesday that it had climbed to a pre-tax profit of 10.87 billion naira ($72.5 million) in the nine months to September from a loss of 11.79 billion naira a year earlier, Reuters has reported.