Expert prescribes measures for industrial, economic growth A pension expert has underscored the need to replicate the successes achieved in the industry to other struggling sectors to boost economic growth. Specifically, the Managing Director of Sigma Pensions, Dave Uduanu, listed the reforms that transformed the pension industry to include: adequate…
Nigeria: Executive summary Nigeria’s Tax Appeal Tribunal (TAT or the Tribunal) sitting in Lagos delivered a judgment in the case of Nexen Petroleum Nigerian Limited (NPNL) and Lagos State Internal Revenue Service (LIRS) to the effect that employers have no further obligation to account for subsequent dealings by employees with…
The Contributory Pension Scheme (CPS) has accumulated up to N8.50 trillion pension fund assets as at November 2018, Acting Director General, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar has said. She spoke while receiving the Outstanding Regulator of the Year 2018 Award at the Independent Newspapers Limited, publishers of Daily…
Investment into West African real estate is primarily being driven by pension funds, according to Thomas Reilly, head of African real estate at Investec. Speaking on a panel at the Second West Africa Real Estate Investor Forum, Reilly addressed the issues surrounding the lack of capital in African real estate,…
If Nigeria’s pensions landscape was a Google Search bar and one had the opportunity to enter any given year before 2004, the results would have been easily organizable on a neat continuum ranging from confusion to an abject mess. The rules were a spaghetti-like web of contradictory rules, ill-thought out…
Egypt – Food subsidies doubled, salaries and pensions raised while Egyptians benefit from tax breaks
by Nadene Johnson and Jared Jeffery, NKC African Economic President Abdel Fattah Al-Sisi, on June 21, announced a number of measures to be undertaken to strengthen social safety nets and protect the poor from inflation as reform momentum continues. Monthly food subsidy allowances are expected to be raised to E£50,…