Business News

Mastercard SpendingPulse: Retail Sales Grew 4.9 Percent this Holiday Season

Shoppers Online and Off Set Spending Record, Giving Many Retail Sectors Much to Celebrate this Year December 26, 2017/Mastercard Mastercard SpendingPulse today reports that holiday sales increased 4.9 percent this year, setting a new record for dollars spent. This is the largest year-over-year increase since 2011 and a further indication of […]

Tax Policy on SMEs in Nigeria – How Fair?

Culled—Proshare 24/12/2017/ Ani Chizoba, Tax & Regulatory Service, Deloitte  Small and medium enterprises (SMEs) are the bedrock of the Nigerian economy. They serve as an important source of employment generation, economic dynamism, competition and innovation; thus contributing to national growth and poverty alleviation. In order for SMEs to thrive, there […]

Steinhoff investor Wiese sells part of Shoprite stake

21/12/2017/Reuters South African investor Christo Wiese has sold an additional 1.1 billion rand ($87 million) of shares in supermarket group Shoprite, exchange filings showed on Thursday, after his exposure to scandal-hit retailer Steinhoff dented his fortune. More than $14 billion of shareholder value has been wiped off Steinhoff over the […]