Category: Business

Buhari Removes Fowler, Appoints Muhammad Nami as new FIRS boss

Emporium Reporters

President Muhammadu Buhari has named Muhammad M. Nami as the new chairman of the Federal Inland Revenue Service. He replaced Babatunde Fowler, whose tenure expired on Monday. He is a tax consultant and graduate of the Ahmadu Bello University, Zaria, Kaduna State. “Mr. Muhammad, a well-trained tax, accounting and management professional with highly rated qualifications and professional practice and licenses from relevant professional bodies, has almost three decades of practical work experience in Auditing, Tax Management and Advisory and Management services to clients in the banking, manufacturing, services and public…

FIRS Chair, Fowler May Handover Today

Emporium Reporters

The tenure of the Executive Chairman of the Federal Inland Revenue Service, Babatunde Fowler, ended on Sunday with no indication that he would get a second term in office. Fowler, who is a childhood friend and former classmate of Vice-President Yemi Osinbajo, was appointed as the FIRS Chairman on August 20, 2015 He was confirmed by the Senate on December 9, 2015 which implies that his tenure ended on December 8, 2019. The FIRS Establishment Act stipulates that “the executive chairman shall be appointed by the President subject to the…

NNPC, China Pipeline Company, Brentex Consortium, Firm Up Plans To Commence AKK Project

Emporium Reporters

The Nigerian National Petroleum Corporation (NNPC), China Petroleum Pipeline Engineering Company Limited (CPPECL) and Brentex Consortium, have concluded plans for the commencement of work on the Abuja-Kaduna- Kano pipeline project popularly known as AKK project, a release by the National Oil Company’s Acting Group General Manager, Group Public Affairs Division, Mr. Samson Makoji, stated. Group Managing Director of the NNPC, Mallam Mele Kyari, gave this indication when he received the President of CPPECL, Sun Quanjun and the head of the Brantex Consortium at the NNPC Towers in Abuja. Mallam Kyari…

NYSC Foundation Empowers Corps Entrepreneurs with N4.25M Loan

Emporium Reporters

The NYSC Foundation has presented a soft loan of Four Million, Two Hundred and Fifty Thousand Naira to some Ex-Corps Members as start-up capital for their businesses.   It also said the foundation would continue to strive for the well-being of serving and ex-Corps Members. The Chairman, Board of Trustees, NYSC Foundation, Mallam Mohammed Hamza stated this today while presenting cheques to some of the fifteen beneficiaries of the gesture.   He said the foundation which operates as a Non-Governmental Organisation was established in 1999 as a bankable platform to…

Industrialist Advocates Existence of Project Underwriting Insurance Agencies in Nigeria

Emporium Reporters

The federal government has been urged to adopt policy framework that will allow International Project Underwriting Insurance Agencies to operate in the country to further strengthen industrialization in a bid to create more viable business opportunities for the nation. The Chairman of Basic Metal, Iron and Fabricated Steel Manufacturers, a sectoral arm of the Manufacturers Association of Nigeria, (MAN), Drums. Kamoru Yusuf, stated this in a statement marking the 2019 Africa Industrialization Day. The group noted that the policy will allow government to fund capital projects initiated by investors covering…

Erisco Boss, Eric Umeofia Bags Industrialist of the Year

Emporium Reporters

The President and Chief Executive Officer of Erisco Foods Limited,Chief Eric Umeofia has been nominated as Industrialist of the Year by the organizers of North-Central Service Awards. Chief Umeofia was nominated through a transparent voting system participated by Nigerians especially those who reside in the North-Central states of Nigeria The North-Central service Awards is initiated by COA Media to honour individuals, groups and institutions whose outstanding selfless service and contributions are helping to change the socio-economic landscape of North-Central states and Nigeria. Date: Thursday 21st, November 2019. Venue: National Press…

PMB Appoints Sarah Alade Special Adviser On Finance And Economy

Emporium Reporters

President Muhammadu Buhari has approved the appointment of Dr (Mrs) Sarah Omotunde Alade, as Special Adviser to the President on Finance and Economy, domiciled in the Ministry of Finance, Budget and National Planning. Dr. Alade, who holds BSc (Economics) and PhD in Management Science (Operations Research), retired from the Central Bank of Nigeria (CBN) as Deputy Governor in 2017 after spending 23 years in the apex bank. She had also acted briefly in 2014 as the CBN Governor.

Osinbajo, Emefiele, Dookhony, Babalakin,Others To Grace Osun Economic Summit ……as Gov Oyetola visits Nigerian Stock Exchange on Thursday

Emporium Reporters

All is now set for the much talked about Osun Economic and Investment Summit. It will hold from November 19-21, 2019. In a release signed by Dr Charles Diji Akinola, the Chairman, Summit Planning Committee and Chief of Staff to the Governor Oyetola,from its secretariat,the summit is aimed at driving home the state’s Development Agenda, which primarily to sustainably reposition the economy of the state and deliver prosperity to the people. Already, world-class and top-notch speakers, development partners, investors, panelists and moderators have confirmed their attendance of the summit, where…

Niger Govt Set To Sign Bilateral Agreement With Socialist Republic of Vietnam

Emporium Reporters

Niger State Government and the Nghe An Province of Vietnam have opened up discussions on how to enter into a mutual-benefitting bi-lateral relationship. Governor Abubakar Sani Bello,and the Alternate Member of the Party’s Committee of the People’s Committee of Nghe An Province, Thai Thanh Quy met on the side lines events, after the opening ceremony of the Nigeria- Vietnam Trade and Investment forum in Abuja. The two leaders, while opening up discussions on how to go about the bilateral relationship,Governor Abubakar Sani Bello disclosed that the state has enormous potentials…

Diaspora, A Veritable Force For Foreign Direct Investment,Finances

Emporium Reporters

The Nigerians in the Diaspora has been described as a veritable force for foreign direct investment and finances. This and many more were tabled during a courtesy call by some delegates of Link Africa Diaspora Initiative (LADI) to the Office of the Chairman/CEO of the Nigerians In Diaspora Commission (NIDCOM), Hon. Abike Dabiri-Erewa. The delegation led by its Chairman, Amb. (Dr.) Adamu Aliyu; with executive members Hon. Ambrose Feese, Dr. Waheed Olagunju and Mr. Ugbadigbo Okonkwo , who are directors of the Initiative in attendance. Aliyu said that with proper…