Business

Ilori succeeds Thomas as NIA DG

The Nigeria Insurers Association (NIA) has announced the appointment of Mrs. Yetunde Ilori as the new Director General of the association. Also in the same vein, the Managing Director/CEO of NEM Insurance Plc, Mr. Tope Smart, was elected Deputy Chairman of the association. Ilori takes over from Mr. Sunday Thomas who was recently appointed the […]

Business

PENGASSAN gives oil firms 21-day ultimatum

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has given a 21-day ultimatum to some oil and gas employers over anti-labour practices. Mr Fortune Obi, PENGASSAN’s Public Relation Officer (PRO) said this in a statement issued in Lagos on Sunday. Obi said that PENGASSAN would shut down activities of the companies nationwide […]

Business

Customs deactivates tax numbers of fraudsters

The Tax Identification Numbers (TIN) of all fraudulent bidders detected in the ongoing e-auction of the Nigeria Customs Service (NCS) have been deactivated on the orders of the Comptroller-General, Hameed Ali. Customs Spokesman, Joseph Attah who made the disclosure in Abuja yesterday said the option for second highest bidder to win when the highest winner […]

Business

Inter-Bank forex market gets $462m CBN boost

In line with its commitment to sustain and deepen flexibility in the foreign exchange market to further enhance foreign exchange flow in the economy, the Central Bank of Nigeria (CBN) on Friday intervened in the Inter-Bank Foreign Exchange Market with the total sum of $462,336,426.74. A breakdown of the foreign exchange intervention figures obtained from […]