Retirement Advice For All Employees
Don’t ever compete with your bosses. You will burn your fingers
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NIPC To Investigate Impacts of Tax Holidays on Economy *34 Industries Benefit in 2023
▪︎Executive Secretary of NIPC, Mrs. Aisha Rimi. The Nigerian Investment Promotion Commission (NIPC) says it will investigate and publish the impacts assessment of the federal government’s tax holidays to industries. Tax holiday is an incentive granted by the government to qualifying industries exempting them from the payment of corporate income tax for an initial period…
Mkulazi factory to ramp up sugar production for Tanzania users
(The East African)A sixth sugar factory has started production, boosting the Tanzania government’s efforts to cut down on sugar imports and control retail prices. The Mkulazi Sugar Factory, a joint venture by the National Social Security Fund (NSSF) and the Tanzania Prisons Service started production in December, aiming to produce 50,000 tonnes per year. The…
Vitafoam Yet To Introduce Renewable Energy Into Its Power System
The Vitafoam Group is yet to introduce renewable energy into its power system. Checks by Industrialtimesngr on the company’s energy management and Co2 footprint, shows that the primary source of energy is the National grid through Power Holding Company of Nigeria (PHCN). However, as back-up to the primary source are diesel powered generators installed across…
Vitafoam Nigeria New Year Dividend For Shareholders: N1.9bn FY 2023
▪︎Taiwo Adeniyi, GMD/CEO The Board of Vitafoam Nigeria Plc will present a dividend of N1.951,317,000, representing 1.56 kobo per share to shareholders for approval at the next annual general meeting in 2024. This is even as the company says that it’s expansion drive to Sierra Leone has begun to yield positive outcome by way of…
Nigeria:Tobacco Industry Regulator Fines BAT $110m For Market Violations
“We are not attempting to shut down businesses, but they must understand that if you snooze, you lose. You can’t manipulate the market and expect nothing to happen.” That’s Babatunde Irukera, the Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC). He cited a substantial fine of $110 million to be paid…
MTN Nigeria Staff Strength Hits 2,444 Nationwide
MTN Nigeria Communications Plc is feeding over 2, 444 employees monthly and year -on- year. Ohibaba.com reports that based on the company’s Employee Profile, of the 2, 444 staff, 1682 are permanent employees in addition to 762 third-party staff. Karl Olutokun Toriola, Chief Executive Officer MTN Nigeria, said: “This brings our staff strength to 2,444.By gender,…
President Tinubu’s Seven-Point Agendas For Solid Minerals sector
The Minister of Solid Minerals, Mr. Dele Alake, has unfolded President Bola Tinubu’s seven-point agendas for the solid minerals sector. Alake, during an interactive session with Political Correspondents, today , in Abuja, said that he has the mandate of President Tinubu to ensure that the Solid Minerals sector accounts for at least 50 percent of…
Nigeria: Cement Industry Facing Threats of Policy Somersault As Price Climbs To N5,200/ Bag
A week ago, the Minister of Works, Senator David Umahi, stired the hornet’s nest in the cement industry when he announced that he would dialogue with cement manufacturers to reduce the prices of their products. Also fanning the issue was a social media post that accused Dangote Cement for selling cement in Nigeria at significantly…
Upcoming Expo For Local Buyers And Sellers of Newest Manufacturing Equipment
▪︎File photo from previous edition / MAN The Nigeria Manufacturing and Equipment Expo with the theme: Future of Manufacturing, will be held in partnership with the Nigeria Raw Materials Exhibition (NIRAM Expo) in November 2023, at the Federal Palace Hotel in Lagos. The Expo being the 7th edition in the series, is organised yearly by…