The Federal Government has suspended the implementation of contentious provisions in the Financial Reporting Council (Amendment) Act 2023 following concerns raised by private sector stakeholders. Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, announced the decision in a release on Monday. She said the suspension followed a series of high-level consultations with key industry…
FIFA President Gianni Infantino, during the unveiling of the ball at an event in New York on Thursday, said that the ball combines high-tech refinements and design details that celebrate the three co-host countries — the United States, Mexico, and Canada.
The WTO says that it’s member countries introduced more trade-facilitating measures than trade-restricting measures on goods, between mid-October 2023 and mid-May 2024. It’s Director-General, Dr Ngozi Okonjo-Iweala, said : ” It’s an important signal of members’ commitment to keep trade flowing despite the current geopolitical uncertainty.” WTO, in its latest Trade Monitoring Update issued on…
“It is open to young Nigerians from all 36 states and the FCT, with a merit-based and inclusive admissions process.“ NOMINATIONS are now opened for the Sterling Bank’s ₦2 billion fully-funded private university scholarships for young Nigerians. In a statement, Abubakar Suleiman, Chief Executive of Sterling Bank, said: “While others talk about Nigeria’s potential, we…
• Aliko Dangote and Benedict Oramah. Professor Benedict Oramah, President & Chairman of the Board of Directors at Afreximbank (African Export-Import Bank), says that the bank has raised a US$1.35 billion financing facility in favour of Dangote Industries Limited (DIL) for refinancing the Dangote Petroleum Refinery and Petrochemicals Complex. The facility is part of an…
▪︎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 MAN leader urged the government to intervene and instruct NAFDAC to cease disrupting member activities and to abide by the suspension of the ban.
Dr. Olasupo Olusi, a former World Bank economist and a development finance expert has been appointed as the new Managing Director/CEO of the Bank of Industry (BoI).Dr. Olusi takes over from Mr. Olukayode Pitan who resigned voluntary. Dr. Olusi’s appointment was inked by President Bola Tinubu, and announced in a statement by the Special Adviser…
In the memo, the company said that the appointments were intended to “empower a new generation to take on expanded responsibilities in shaping our future.”
Felix Enwemadu, is the General Manager of PepsiCo Nigeria, the company relies heavily on Nigerian farmers to sustain its operations, with key supplies coming through partnerships with Flour Mills of Nigeria and Presco Plc. In this interview with Nairametrics, he explained the broader benefits of this strategy across agricultural value chain. Nairametrics: How long has…
