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fairness in the process of taking decisions on fiscal incentives in Nigeria. 2 2. The enabling environment is the term used to describe the broader system within which individuals and organizations function and one that facilitates or hampers their existence and performance (UNDP, 2008). viii FISCAL INCENTIVES IN NIGERIA: Lessons of Experience
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PETROLEUM PROFITS TAX (PPT) PPT is levied on the income of companies engaged in upstream petroleum operation. The rate is 85% for Joint Ventures and 50% for Production Sharing Contracts (PSC). EDUCATION TAX (ET) ET is levied on all Nigeria companies' assessable profits. The rate of tax is 2% of Assessable profits.
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Uyi Akpata is the Country Senior Partner for PwC Nigeria and Regional Senior Partner for the West Market Area. He is also PwC's Africa Oil and Gas leader and has extensive experience leading assurance engagement teams serving various companies in the Oil and Gas Industry.
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Jul 19, 2015· The Role of Manufacturing in Economic Development. While big trends drive dramatic technological changes, people are the key to channeling technology for maximum competitive advantage. SHARE ARTICLE: During the last 20 years, globalization has drastically changed the manufacturing world. No longer bound by geography, many companies moved their ...
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Jul 06, 2016· An example of a Holding company in Nigeria is First Bank Holding Company Nigeria Plc. The subsidiaries include FBN Bank (UK) Ltd, FBN Bank Ghana, FBN Bank Guinea, FBN Merchant Bank. The subsidiaries include FBN Bank (UK) Ltd, FBN Bank Ghana, FBN .
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These companies are owned by the Union Government, or one of the many state or territorial governments, or both. The company equity needs to be majority owned by the government to be a PSU. Few examples are Oil and Natural Gas Corporation, Engineers India Limited, India Trade Promotion Organization, GAIL, BSNL, Food Corporation of India, Air India etc.
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INTRODUCTION Feed production and quality is considered to be one of the major factors influencing the success of fish production in aquaculture. The high cost and scarcity of feed stuffs particularly the protein source is also a factor militating against commercial fish and animal production in developing countries like Nigeria.
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KIA Motors Nigeria has joined the bandwagon of car manufacturers in Nigeria with the launch of its MadeInNigeria vehicles at the auto fare show held in October 2014, at the Eagle's Square, Abuja. The KIA Rio Optima and Kia Rio Cerato were unveiled during the event.
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Nigeria's former Ministry of Mines and Steel Development has identified three potential methods of bitumen extraction in Nigeria: (1) smallscale surface mining (2) largescale surface mining and (3) insitu extraction (see Figure 2). The depth of bitumen below the surface determines which extraction type is .
A Guide to the Nigerian Power Sector
After the recent GDP Rebasing, Nigeria is the largest economy in Africa, but it remains a relatively poor country on per capita basis, with a GDP per capita of US3, in 2014. However, there is an increasing trend in the per capita income of Nigeria, following the .
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