Cees Harmon, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Tue, 25 Apr 2023 13:40:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.2 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?w=32 Cees Harmon, Author at Nairametrics 32 32 Why FIRS never has enough money to pay Tax refunds – PWC Report https://nairametrics.com/2023/04/25/why-firs-never-has-enough-money-to-pay-tax-refunds-pwc-report/ https://nairametrics.com/2023/04/25/why-firs-never-has-enough-money-to-pay-tax-refunds-pwc-report/#respond Tue, 25 Apr 2023 13:40:21 +0000 https://nairametrics.com/?p=447629 This report explains why the FIRS continues to struggle to pay taxpayers their tax refunds despiting a law that mandates it to pay.

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Nigerian business laws are archaic, lack logic of modern enterprise – Amadi https://nairametrics.com/2023/04/25/nigerian-business-laws-are-archaic-lack-logic-of-modern-enterprise-amadi/ https://nairametrics.com/2023/04/25/nigerian-business-laws-are-archaic-lack-logic-of-modern-enterprise-amadi/#respond Tue, 25 Apr 2023 11:05:09 +0000 https://nairametrics.com/?p=447569 Nigeria cant be an efficient business environment if we have a land law that gives governors so much power over land and its transactions.

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UPDC to partner with PenCom to reduce Nigeria’s housing deficit https://nairametrics.com/2023/04/20/updc-to-partner-with-pencom-to-reduce-nigerias-housing-deficit/ https://nairametrics.com/2023/04/20/updc-to-partner-with-pencom-to-reduce-nigerias-housing-deficit/#respond Thu, 20 Apr 2023 12:27:26 +0000 https://nairametrics.com/?p=446951 UPDC to partner with PenCom to reduce Nigeria’s housing deficitUPDC is forging a partnership with Nigeria’s pensions regulator, PenCom, to reduce the housing deficit among Nigerians

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EXPLAINER: What a BRICS reserve currency plan means for Nigeria https://nairametrics.com/2023/04/14/explainer-what-a-brics-reserve-currency-plan-means-for-nigeria/ https://nairametrics.com/2023/04/14/explainer-what-a-brics-reserve-currency-plan-means-for-nigeria/#comments Fri, 14 Apr 2023 09:30:08 +0000 https://nairametrics.com/?p=445840 The member countries of the BRICS economic interests bloc have proposed having their reserve currency, which could have global economic implications, with Nigeria in the fray.

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Agriculture will not be Nigeria’s wealth game changer – Report https://nairametrics.com/2023/04/10/agriculture-will-not-be-nigerias-wealth-game-changer-report/ https://nairametrics.com/2023/04/10/agriculture-will-not-be-nigerias-wealth-game-changer-report/#respond Mon, 10 Apr 2023 14:28:12 +0000 https://nairametrics.com/?p=445292 Agriculture will not be Nigeria’s wealth game changer – ReportAgriculture and non-tradable services employ 80% of Nigerian workers, but lack the potential to lift people out of poverty.

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Tinubu Government should end CBN’s 41 banned item exclusion list — Dr Muda Yusuf https://nairametrics.com/2023/04/08/tinubu-government-should-end-cbns-41-banned-item-exclusion-list-dr-muda-yusuf/ https://nairametrics.com/2023/04/08/tinubu-government-should-end-cbns-41-banned-item-exclusion-list-dr-muda-yusuf/#comments Sat, 08 Apr 2023 12:45:48 +0000 https://nairametrics.com/?p=445111 Dr. Muda YusufThe CEO of the Center for the Promotion of Private Enterprise, Dr Muda Yusuf, has advised the incoming administration in Nigeria to reform the country's tariff regime and reset its trade policies.

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Fuel subsidy removal will be a Greek gift to the Tinubu administration   https://nairametrics.com/2023/04/03/fuel-subsidy-removal-will-be-a-greek-gift-to-the-tinubu-administration/ https://nairametrics.com/2023/04/03/fuel-subsidy-removal-will-be-a-greek-gift-to-the-tinubu-administration/#comments Mon, 03 Apr 2023 07:26:47 +0000 https://nairametrics.com/?p=444276 Fuel subsidy removal will be a Greek gift to the Tinubu administration  Removing the subsidy days or weeks before the swearing-in of the incoming government could result in massive labour unrest

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Poor Infrastructure blamed as Nigeria ranks 14th in Africa Competitiveness Index report https://nairametrics.com/2023/03/30/poor-infrastructure-blamed-as-nigeria-ranks-14th-in-africa-competitive-index/ https://nairametrics.com/2023/03/30/poor-infrastructure-blamed-as-nigeria-ranks-14th-in-africa-competitive-index/#comments Thu, 30 Mar 2023 06:26:45 +0000 https://nairametrics.com/?p=443679 Nigeria has been ranked 114th in the world, out of 140 countries, and 14th among African countries in the GCI Rankings update of 2022.

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Tinubu’s options for fixing Nigeria’s fiscal crisis are a banana peel https://nairametrics.com/2023/03/27/tinubus-options-for-fixing-nigerias-fiscal-crisis-are-a-banana-peel/ https://nairametrics.com/2023/03/27/tinubus-options-for-fixing-nigerias-fiscal-crisis-are-a-banana-peel/#respond Sun, 26 Mar 2023 23:47:44 +0000 https://nairametrics.com/?p=443158 Why Appeal Court Dismissed PDP’s Suit Seeking Disqualification Of Tinubu, ShettimaPresident-elect Tinubu faces a challenging task in addressing Nigeria's fiscal crisis, with limited options such as removing fuel subsidies and increasing taxes that could lead to protests and a decline in popularity.

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Why you should avoid Japa if you are older than 40 years old https://nairametrics.com/2023/03/26/why-you-should-avoid-japa-if-you-are-older-than-40-years-old/ https://nairametrics.com/2023/03/26/why-you-should-avoid-japa-if-you-are-older-than-40-years-old/#comments Sun, 26 Mar 2023 04:56:00 +0000 https://nairametrics.com/?p=443107 According to an immigrant, "If you are past 40 and already have a job you’re doing in Nigeria, it’s better you stick to it because life here is tough".

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Nigeria’s 18% MPR is highest among BRICS, N-11 countries https://nairametrics.com/2023/03/24/nigerias-18-mpr-is-highest-among-brics-n-11-countries/ https://nairametrics.com/2023/03/24/nigerias-18-mpr-is-highest-among-brics-n-11-countries/#comments Fri, 24 Mar 2023 07:43:56 +0000 https://nairametrics.com/?p=442839 With the pronouncement of an 18% primary lending rate the CBN, Nigeria now has the highest interest rate among the BRICS nations

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Implication of 18% MPR for businesses and the economy https://nairametrics.com/2023/03/22/implication-of-18-mpr-for-businesses-and-the-economy/ https://nairametrics.com/2023/03/22/implication-of-18-mpr-for-businesses-and-the-economy/#comments Wed, 22 Mar 2023 09:00:21 +0000 https://nairametrics.com/?p=442490 Implication of 18.5% MPR for businesses and the economyNegative reactions have trailed yesterday's decision by the Monetary Policy Committee (MPC) of the CBN to raise the monetary policy rate to 18%

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Why new government should target 10% economic growth – Dr. Andrew Nevin https://nairametrics.com/2023/03/21/new-government-should-target-10-economic-growth-dr-andrew-nevin/ https://nairametrics.com/2023/03/21/new-government-should-target-10-economic-growth-dr-andrew-nevin/#respond Tue, 21 Mar 2023 14:02:10 +0000 https://nairametrics.com/?p=442358 New government should target 10% economic growth – Dr. Andrew NevinNairametrics caught up with PwC's Dr Andrew Nevin to discuss the challenges the incoming administration will face.

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Gini Coefficient shows progress in Nigeria’s wealth distribution under democracy https://nairametrics.com/2023/03/21/gini-coefficient-shows-progress-in-nigerias-wealth-distribution-under-democracy/ https://nairametrics.com/2023/03/21/gini-coefficient-shows-progress-in-nigerias-wealth-distribution-under-democracy/#comments Tue, 21 Mar 2023 11:00:07 +0000 https://nairametrics.com/?p=442300 Gini Coefficient Shows Progress in Nigeria's Wealth Distribution Under DemocracyResearch shows that wealth is more evenly distributed in Nigeria under civilian rule than under the military.

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Voting suspended at several polling units in Iba LCDA of Lagos State as thugs reign supreme https://nairametrics.com/2023/03/18/voting-suspended-at-several-polling-units-in-iba-lcda-of-lagos-state-as-thugs-reign-supreme/ https://nairametrics.com/2023/03/18/voting-suspended-at-several-polling-units-in-iba-lcda-of-lagos-state-as-thugs-reign-supreme/#respond Sat, 18 Mar 2023 17:39:49 +0000 https://nairametrics.com/?p=441933 Barely two hours into accreditation and voting in the Iba Local Council Development Area (LCDA), thugs disrupted the voting process

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Naira scarcity on track to decelerate Nigeria’s economic growth rate https://nairametrics.com/2023/03/17/naira-scarcity-on-track-to-decelerate-nigerias-economic-growth-rate/ https://nairametrics.com/2023/03/17/naira-scarcity-on-track-to-decelerate-nigerias-economic-growth-rate/#respond Fri, 17 Mar 2023 12:31:55 +0000 https://nairametrics.com/?p=441656 Decentralizing Nigeria’s Power SectorNigeria’s 3.2% GDP growth projection stands threatened by recent economic and political developments around the country

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Nigerians are worried about the risk of mobile money apps and experts are sounding caution https://nairametrics.com/2023/03/14/naira-scarcity-experts-sound-caution-as-nigerians-flock-to-virtual-banking-services/ https://nairametrics.com/2023/03/14/naira-scarcity-experts-sound-caution-as-nigerians-flock-to-virtual-banking-services/#respond Tue, 14 Mar 2023 14:17:30 +0000 https://nairametrics.com/?p=441116 The recent cash shortages in Nigeria have led to an increasing number of Nigerians turning to these MFBs for their banking needs, but experts are urging caution about the need for regulation and transparency to ensure the safeguarding of customer deposits, as this should be the utmost priority of the central bank.

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Nigerian economy “loses N20 trillion” as 70% of cash sucked away from economy – CPPE  https://nairametrics.com/2023/03/13/nigerian-economy-loses-n20-trillion-as-70-of-cash-sucked-away-from-economy-cppe/ https://nairametrics.com/2023/03/13/nigerian-economy-loses-n20-trillion-as-70-of-cash-sucked-away-from-economy-cppe/#respond Mon, 13 Mar 2023 05:22:46 +0000 https://nairametrics.com/?p=440794 The Center for the Promotion of Private Enterprise (CPPE) has said the Nigerian economy has lost N20 trillion as 70% of cash has been sucked away from the economy.

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Nigeria’s private sector PMI falls to 2-Year low amid cash shortages https://nairametrics.com/2023/03/12/nigerias-private-sector-pmi-falls-to-2-year-low-amid-cash-shortages/ https://nairametrics.com/2023/03/12/nigerias-private-sector-pmi-falls-to-2-year-low-amid-cash-shortages/#respond Sun, 12 Mar 2023 20:29:46 +0000 https://nairametrics.com/?p=440783 February PMI data falls to lowest in 2 years as cash shortages stoke fear of 2023 Q1 GDP contraction

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African Development Bank Issues $2 Billion 5-Year Global Benchmark Bond https://nairametrics.com/2023/03/10/african-development-bank-issues-2-billion-5-year-global-benchmark-bond/ https://nairametrics.com/2023/03/10/african-development-bank-issues-2-billion-5-year-global-benchmark-bond/#respond Fri, 10 Mar 2023 09:03:26 +0000 https://nairametrics.com/?p=440480 Africa’s energy transition will cost an estimated $100 billion annually between 2020 and 2040 – AfDBThe African Development Bank (AfDB) has issued a $2 billion 5-year Global Benchmark bond due on March 14, 2028, marking its first bond issue of the year.

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