FBN’s Cecilia Akintomide on how tax breaks can boost Nigeria’s economy
13 July 2019 | 2:23 pm
Tax breaks are a vital strategy for Nigeria in the execution of its ease of doing business strategies. While speaking in an interview with CNBC Africa's Christy Cole, on the sidelines of the ongoing annual conference of the Nigerian Bar Association's Section on Business Law, Cecilia Akintomide, non-Executive Director of FBN Holdings pointed out that such tax breaks and incentives would normally be reinvested by business owners leading to expansion and more jobs.
In this article
The wave of mass layoffs continues to shake tech companies, from global giants to startups. With growing demand from consumers stuck at home and online, the tech sector went on a hiring spree during the pandemic. But since last year, as inflation rose and profits slowed, hundreds of thousands of workers have lost their jobs.
Carmaker Ford has announced plans to eliminate 2,300 jobs in Germany, 1,300 in the UK and another 200 in the rest of Europe. It's part of a broader restructuring process as it aims to go all-electric in just 12 years.
The German media giant Axel Springer is cutting jobs at its brands Bild and Welt, while warning that journalists are at risk of being made obsolete by artificial intelligence.
Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs this year, making it the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn.
Find these stories and much more when you grab a copy of The Guardian on Wednesday.
The alcohol sector is lobbying against potential tax hikes in Vietnam, while the government's ear is being bent. But at what cost to public health?
Talking Europe speaks to the European Commissioner for Jobs and Social Rights, Nicolas Schmit. With anger growing in France about the government's push to increase the retirement age from 62 to 64, and the EU facing an ongoing cost-of-living crisis, his portfolio is very much in the spotlight – including recommendations to encourage a Minimum Income for all.
French and German prosecutors and investigators conducted searches in and around the French capital. Financial prosecutors say the raid focused on dividend stripping.
French financial prosecutors on Tuesday raided several of France's biggest banks, including Société Générale and BNP Paribas, as part of a multicountry investigation into what authorities say is one of Europe's biggest tax thefts.
US lawmakers say the embattled bank Credit Suisse has violated the terms of a plea deal, related to tax evasion. A two-year investigation suggests the lender has continued to conceal the bank accounts of wealthy Americans. Meanwhile, UBS has brought back former CEO Sergio Ermotti to lead its takeover of Credit Suisse.
Find these stories and much more when you grab a copy of The Guardian on Saturday.
Chief Executive Officer, Transcorp PLC, Nigeria, Dr. Owen Omogiafo, at a panel discussion on Women Working For Change | From 300 to 3,000: What if tomorrow's African champions were women?. The Africa CEO forum is currently going on in Abijdan, Coted'lvoire.
1 hour ago
CNBC Africa is joined by Gundo Maswime, Civil Engineer Lecturer at the University Cape Town and Kasief Isaacs, Head of Private Markets at Mergence Investment Managers for this discussion.
1 hour ago
A new data center building under construction in Heidelberg, Germany, is set to be Europe's largest 3D-printed structure. The technology shows promise, but challenges to its widespread adoption remain.
4 hours ago
Trust in South Africa's government is waning due to assassinations, corruption, and power outages. For the first time since the end of apartheid, the African National Congress (ANC) party is fighting to stay in power.
4 hours ago
The European Court of Justice has again ruled against Poland over its controversial judicial reforms. It has sided with the European Commission over the question of judicial impartiality in Poland.
6 hours ago
Germany's conservative opposition parties think that what the country needs is more patriotism — to overcome political polarization and make eastern Germans feel more included. But what does patriotism mean in Germany?