BPE pledges to ensure port concessionaires keep to terms of covenants, agreements
Businessam Staff
May 18, 2017
The Bureau of Public Enterprises (BPE) has pledged to work with the Nigerian Ports Authority (NPA) to ensure port concessionaires keep to terms of covenants signed with government, as well as see to it that the agreements that are due for review are done expeditiously. Alex Okoh, BPE’s director-general, made the pledge while receiving Hadiza […]
Strong, credible institutions rather than punishment mindset the way to win the corruption war, says Saraki
Businessam StaffMay 16, 2017
Bukola Saraki, Nigeria’s Senate President, has advocated the need to build strong and credible systems that would make it a lot more difficult to carry out corrupt practices rather than the fixation on punishment as a deterrent in the war against corruption. He said all efforts should be geared towards prioritising deterrence rather than punishment […]
U.S. companies push hard for lower tax rate on offshore profits
Businessam StaffMay 15, 2017
Major U.S. multinationals are pushing the Trump administration to deepen the tax break it has already tentatively proposed on $2.6 trillion in corporate profits being held offshore, a key piece in Washington’s intricate tax reform puzzle. As President Donald Trump tries to deliver on his campaign promise to overhaul the tax code, lobbyists for technology, […]