Day: September 19, 2024

RG CAC visits Malaysia Companies Registry, restates commitment to service optimisation

Lukman Laleye Babalola

The Registrar-General/CEO, Corporate Affairs Commission (CAC) Hussaini Ishaq Magaji, has renewed his commitment to speed up the process of making it the commission attain world-class status.   Hussaini Ishaq Magaji stated this in Kuala Lumpur when he led a CAC delegation on a familiarisation visit to the Companies Commission of Malaysia.   Magaji and his team were briefed on the operations of the Commission by Datuk Nor Azimah Abdul Aziz, Chief Executive Officer and Registrar of the Commission.   During the meeting, the duo shared their experiences regarding operational procedures…

Trade Surplus Alone Can’t Improve Economy – Pol Eco Analytics

Lukman Laleye Babalola

Following the recent second quarter 2024 report as announced by the National Bureau of Statistics (NBS) of the nation’s N6.94 trillion trade surplus,, a Nigerian -based independent think tank and research organisation, Pol Eco Analytics, has said though the news is cheering, it’s not a sign of improved economy target.   It clarified that the existence of a trade surplus is an economic indicator of a positive trade balance, where a nation’s exports exceed its imports but not enough to reduce the high cost of living and ease of doing…

FG to jail private employers paying below N70000 minimum wage to workers

Emporium Reporters

Nigerian Government has warned private companies to adhere to N70,000 minimum wage law, saying it’s a criminal offence.   The Permanent Secretary, Federal Ministry of Labour and Employment, Alhaji Ismaila Abubakar, stated this on Wednesday while speaking at the 13th Annual General Meeting of the Employers Association for Private Employment Agencies of Nigeria, held in Ikeja, Lagos.   He noted that any company that fails to pay at least N70,000 to its employee could be jailed.   His words: “The minimum wage is a law, and you can be jailed…

The Potentials, Opportunities In The Nigeria Mining Sector By Oyiriaru Justice Ikedieze

Emporium Reporters

Nigeria is richly blessed with abundance of mineral resources. The country boasts of more than 40 valuable mineral deposits including clay and kaolin, gold, gypsum, iron ore, lead and zinc, phosphate, and tin across the 36 States. Baryte, bitumen, coal, gold, iron ore, and limestone, lead-zinc and coal have been identified by the Federal Government through the Ministry of Mines and Steel Development as Nigeria’s strategic mineral deposits on grounds of their economic value1. Quarrying dominates the output of the Mining and Quarrying sector by over 90 percent o2 and…

FG lauds NASRDA’s Data-Driven Disaster Prevention policy

Lukman Laleye Babalola

Federal Government has commended the National Space Research and Development Agency (NASRDA) for its critical contributions to disaster prevention and policy formulation in Nigeria. The Honourable Minister of Federal Ministry of Innovation, Science and Technology (FMIST), Chief Uche Geoffery Nnaji, made this assertion at a ministerial press briefing held yesterday at the NOTAB Conference Hall, Abuja. Chief Nnaji stated “NASRDA’s data-driven approach has been invaluable in understanding the causes of the recent earth tremor in Mpape, Abuja, “Their seismic stations provided critical data, enabling effective disaster prevention and policy formulation.”…