Business – Page 16 – Emporium Reporters

Why Nigerians Evade Tax

February 6, 2022February 6, 2022 Emporium Reporters

The issue of tax payment in Nigeria has over the years elicited different reactions amongst the citizens. This is because many have come to believe that they do not enjoy the benefits of paying tax; BENJAMIN UMUTEME writes. It was not surprising to many when the Director-General of the Budget Office, Dr. Ben Akabueze, lamented that over 30 million Nigerians who are generating taxable incomes are not paying tax. According to him, this was compounding the country’s efforts to broaden its revenue. Speaking last year at…

Dangote launches vehicle assembly plant in Nigeria

February 3, 2022 Emporium Reporters

Dangote Peugeot Automobiles Nigeria Limited (DPAN) has started assembling vehicles in Nigeria, beginning with the Land Trek, 3008, 5008 and the new 508. The assembly of Peugeot vehicles comes nearly four years after joint owners Dangote Group received approval from the Nigerian regulator after previously expressing interest in the former Peugeot plant, now known as PAN Nigeria Ltd, The Sun reported. According to the Nigerian automaker, the newly built Green Field Assembly Plant in Nigeria’s northwestern region can assemble 120 vehicles per day across two shifts. The management further added that the…

CBN monetary policy address persistence By Adefolarin Olamilekan

February 3, 2022 Emporium Reporters

The aftermath of the COVID-19 pandemic is still a subject of caution to global economic projection especially as the latter part of the year 2021 experienced a fourth wave causing economic shocks. Nonetheless, nations are now gearing purposeful ways to curtain any eventuality. This is to keep inflation tidings and other related economy headlines, most especially local currency, from turbulences as production is uncertain in a pandemic era. Paradoxically, what can monetary policies offer? Recently, the monetary policy committee (MPC) of Nigeria’s apex bank held its first meeting for the…

Gov Sule to host Nasarawa inaugural investment summit in May

February 1, 2022 Emporium Reporters

Nasarawa State Governor, Engineer Abdullahi Sule, has revealed plans to host the state’s inaugural investment summit in May. Managing Director/CEO of the Nasarawa Investment Development Agency (NASIDA), Barrister Ibrahim Abdullahi, disclosed this on Tuesday. According to Barrister Abdullahi, the inaugural Nasarawa investment summit, which has the theme “Diamond in the Rough, The Making of a New Investment Frontier,” will see world class business leaders and captains of industry, brainstorm on how to achieve the state’s vision to become Nigeria’s top investment hub. “We are pleased to announce the Inaugural Nasarawa…

CSO tasks AMCON over delay in publishing names of Debtors

January 24, 2022 Emporium Reporters

Renew Nigeria, a non governmental and rights group has asked the Asset Management Corporation of Nigeria AMCON to publish names of obligors to Nigerian Banks after the expiration of January 5th , 2022 deadline. The civil society organisation in a statement released by Jim Oweto on Sunday night challenges AMCON not to water down or rescind the planned to make public it’s debtors amounting to over N4.4 trillion. Oweto said the delay weeks after the deadline given to Nigerian debtors to come forward for a repayment or payment…

Dangote oil refinery to commence production this year

January 23, 2022 Emporium Reporters

Nigeria’s giant new Dangote oil refinery will start processing crude in the third quarter of this year. Mechanical work on the refinery is complete and “hopefully before the end of third quarter we should be in the market,” Aliko Dangote, chairman of Dangote Industries Limited, said in a briefing at the plant site in Lagos. The plant will start with a processing capacity of 540 000 barrels a day, Dangote said. “Full production can start maybe, by the end of the year or beginning of 2023,” he said.…

Development of Minna City Centre ‘ll improves Socio-economic growth of Niger – SSG

January 13, 2022 Emporium Reporters

The Secretary to the Niger State Government (SSG), Ahmed Ibrahim Matane has stated that the development of the moribund Minna City Center would improve the socio-economic growth of the State. Ahmed Matane disclosed this when he received a cheque of Four Hundred million Naira meant for the purchase of three hectres of the land of Minna City Centre representing 1/3 of the land presented to him in his Office by Alhaji Mohammed Sirajo, Executive Director, Jaiz Bank. The SSG further explained that the Minna City Centre which is situated in…

WHAT INVESTORS LOOK FOR IN A START-UP …the availability of consistent cash flow makes a start-up investment ready

November 29, 2021 Emporium Reporters

A start-up needs investments in order to reach out to its numerous customers especially when the demand for their product or service is high. The major reason for investments in start-ups is the steady growth experienced. Start-up founders need to understand that an investor is not a friend but an enabler with financial capability to help sustain the growth of the business, who in turn expects to get returns in the form of dividends or equity in the overall stake. Investments in a start-up could be by a venture…

NiDCOM, NIDO Russia call for more Diaspora Investment

November 25, 2021 Emporium Reporters

Hon. Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission, (NIDCOM) has applauded NIDO Russia for facilitating investment opportunities back to the country. Dabiri-Erewa made this statement while receiving the ‘Fact Finding Trade Mission’ from Russian Federation led by Amb. Abdullahi Shehu, Nigerian Ambassador to Russia, in Abuja. “it is noteworthy that this investment is facilitated by our Diaspora “ She said, added that the visit was coming shortly after the just concluded Nigeria Diaspora Investment Summit (NDIS) which has as its vision “A Nigerian economy promoted by Diaspora investors and partners”…