Category: Business

Feb 1, 2025 Thandi Nomvula

NYSC to Commence ₦77,000 Monthly Allowance for Corps Members in February 2025

The National Youth Service Corps (NYSC) will start paying its corps members a monthly allowance of ₦77,000 beginning February 2025, marking a notable increase from the previous ₦33,000. This change coincides with the 2025 Federal Government budget and was announced by NYSC Director General Brigadier General Yushau Ahmed. The decision underscores the government's dedication to enhancing the welfare and security of the nation's youth.

Nov 20, 2024 Thandi Nomvula

Trudeau Administration Faces Challenges in Meeting Fiscal Target, PBO Warns

The Trudeau government's fiscal strategy is in jeopardy as it struggles to stay within its key fiscal target, according to the Parliamentary Budget Officer's alarming report. With the 2023-24 deficit expected to surpass the C$40.1 billion cap due to sluggish economic growth and increased expenditure, the government's fiscal management and sustainable economic future are now under scrutiny, calling for immediate attention to budgetary balance and fiscal prudence.

Oct 30, 2024 Thandi Nomvula

Increasing Profits for KenGen Through Hydro and Geothermal Energy

Kenya Electricity Generating Company, known as KenGen, has showcased noteworthy financial gains attributed to its hydro and geothermal power plants. Boasting enhanced efficiency and reliable energy production, these renewable resources are key profit drivers. While specifics on financial figures remain undisclosed, KenGen's recent success is generating considerable interest within the investment community.

Aug 1, 2024 Thandi Nomvula

Femi Otedola Advocates Windfall Tax for Equitable Wealth Distribution in Nigeria

Femi Otedola, a leading figure in Nigeria's finance sector, has voiced support for a windfall tax to ensure fair wealth distribution. Highlighting extravagant bank spending and the need for efficient operations, Otedola calls for a focus on public services and ethical leadership. He also supports government reforms aimed at economic development and aiding struggling sectors.

Jul 26, 2024 Thandi Nomvula

Massive Response Overwhelms NNPC Website After Job Vacancy Announcement

The Nigerian National Petroleum Corporation (NNPC) website experienced a crash after the announcement of job vacancies, highlighting the immense interest from job seekers. The overwhelming traffic rendered the site inaccessible, underlining the need for better infrastructure to manage high traffic during significant announcements.

Apr 28, 2024 Thandi Nomvula

Malaysia Tackles Tax Evasion with New Treaty Shopping Regulations: Key Updates for Multinational Businesses

Malaysia implements crucial changes to its Double Tax Agreements to prevent tax evasion strategies like treaty shopping. Businesses with international structures must adapt to the new principal purpose test to ensure compliance and avoid potentially severe penalties.