▪︎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…
(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…
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…
“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 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,…
▪︎Ernest Ndukwe, Chairman of MTN Nigeria MTN Nigeria Communications Plc has moved a step forward in its carbon emissions target having reduced its total energy consumption in 2022 financial year ended, by 254,161.51 gigajoules. ” This represents a 21.6% reduction in energy consumption compared to 1,176,233.90 GJ in2021,” said Ernest Ndukwe, the company’s Chairman. Ndukwe,…
▪︎Executive Secretary of NSDC, Mr. Kamar Bakrin The National Sugar Development Council (NSDC), and the Nigeria Investment Promotion Commission (NIPC) are Collaborating to drive in $3 billion investments into the sugar industry, under the National Sugar Masterplan (NSMP) Phase II (2023-2033). This was the outcome of an investment meeting between the Executive Secretary of NSDC,…
” I have instructed my lawyers to immediately commence legal process to clear my name from the defamatory statements contained in the report headlined “Re: EMEFIELE , OTHERS STOLE BILLIONS, ILLEGALLY KEPT NIGERIA’S FUNDS IN FOREIGN BANKS“, and by extension the publications.” That’s Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN)…
▪︎ Acting Managing Director, Moniepoint Microfinance Bank, Babatunde Olofin. Moniepoint Microfinance Bank has launched its latest initiative, “the Moniepoint Personal Banking Refer and Earn” programme. In a statement, the Managing Director, Moniepoint MfB, Babatunde Olofin, said that this exciting referral programme is designed to reward Business Owners and Moniepoint agents who can earn up to…
By Franklin Ocheneyi GREEN manufacturing is gradually taking shapes in Nigeria as newly built industries are being powered by natural gas and through solar energy. Checks by Industrialtimesngr, shows that some ongoing industrial parks in Lagos, Ogun, Oyo , Aba and Rivers are running on renewable energies rather than the conventional fossil fuels like petroleum…
