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CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has asked the Central Bank of Nigeria (CBN) to put a break on interest rate hike as the apex bank’s Monetary Policy Committee (MPC) meets today.
A review of the recently released Company Income Tax (CIT) report for the first quarter of 2024 reveals that income tax payment by companies in manufacturing, agriculture and 12 others declined by a minimum of 16%.
The Centre for the Promotion of Public Enterprise (CPPE) has called on the Central Bank of Nigeria (CBN) to expedite the window of development finance for businesses to mitigate the effect of high monetary policy rate in the country.
The Centre for the Promotion of Public Enterprise (CPPE) has called on the Central Bank of Nigeria (CBN) to slow down on monetary policy tightening ahead of its Monetary Policy Committee (MPC) meeting this month, stating that businesses are yet to recover from the hawkish monetary policy stance in the last two months.
The Centre for the Promotion of Private Enterprise, (CPPE) has stated that the newly introduced cybersecurity levy and other numerous taxes imposed by federal, state and local government impedes the capacity of businesses to drive economic growth, leads to job losses and fuels inflation across the country.
The Centre for Promotion of Public Enterprise, (CPPE) has asked CBN to adopt a specific quarterly exchange rate for import duty collection as a measure towards addressing the problems associated with frequent changes in customs exchange rate and general volatility of the foreign exchange market.
CBN’s timeline for banks’ recapitlisation will ensure minimum disruptions in financial system – CPPE
It is necessary to allow for inclusion and reduce the risk of dominance of the banking space by a few big banks
The CPPE has linked various instances of expatriates operating in the retail sector in Nigeria to regulatory weakness.
The National Institute of Credit Administration (NICA) has voiced concerns over the detrimental effects of restricted access to credit on the expansion of businesses, production capabilities, and the worsening of poverty levels across Nigeria.
Dr. Muda Yusuf has stated that the new Expatriate Employment Levy (EEL) from the federal government may trigger reciprocal actions against Nigerian and negatively impact regional integration of ECOWAS and across Africa.
CPPE has projected that the Nigerian economy in 2024 may hold promise for greater stability compared to the difficulties faced in 2023.
CPPE has said that the recent decision by the Central Bank to increase the customs exchange rate from N783 to N952/$ would worsen the already prohibitive production and operating costs for businesses in the country.