Business

Masari to revive moribund industries

Katsina state government is to revive all the moribund industries in the state to boost revenue and provide employment opportunities to its teeming youths, Governor Masari has said. The governor listed the industries to include; the Kankara Kaolin Factory, Daura Leather works, Mani Flour mills, Funtua Burnt Bricks, Danja Sugar factory and other various fertiliser-blending […]

Business

Forex: CBN opens week with $195m intervention

The Central Bank of Nigeria (CBN) on Monday offered $100 million in wholesale auction at the inter-bank foreign exchange market and intervened in the Small and Medium Enterprises (SMEs) and invisible segments, with the sum of $50 million and $45 million respectively. Confirming the figures, CBN Acting Director of Corporate Communications, Isaac Okorafor reiterated that […]

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 […]