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,…
Innoson Kiara Academy Trains 200 Youths in Automotive Diagnostics For Industry’s Manpower
Innoson Kiara Academy has trained and graduated over 200 youth in automotive diagnostics training, as parts of its contribution towards the industry’s manpower development. Established in partnership with the renowned German Auto Company, BOSCH, Innoson Kiara Academy is a Technical and Vocational institution at Innoson Vehicle Manufacturing (IVM). Chief Dr. Innocent Chukwuma, CEO of Innoson…
MTN Nigeria Cuts Energy Consumption By 254,161.51 Gigajoules
▪︎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,…
NSDC, NIPC Collaborating To Attract $3bn Investment Into Sugar Industry
▪︎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,…