Category: Business

UN Appoints Adeosun into Pension Fund’s Investments Committee

Emporium Reporters

The Global organisation, United Nations, has appointed Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, into the Investments Committee of the United Nations Joint Staff Pension Fund (UNJSPF). The Under-Secretary-General of United Nations, Jan Beagle, who confirmed Adeosun’s appointment, disclosed that the Minister would serve a one-year term of office effective from January 1, 2018. Beagle said, “On behalf of the Secretary-General, I have the honour to inform you that at the 55th plenary meeting of the seventy-second session of the General Assembly, the General Assembly decided to appoint you as…

Ministry faults Memo on petrol crisis

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The Ministry of petroleum Resources says that message making the rounds on social media of a purported memo by the Minister of State for Petroleum Resources, Dr Ibe Kachikwu to the President on the fuel crises was false The Ministry disclosed this in statement signed by it Director of press Mr Idang Alibi, on Thursday in Abuja. “Our attention has been drawn to a message making the rounds on social media of a purported memo by the Honorable Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu to the…

NCS Rakes N1tr, Loses 6 Gallant Officers in 2017

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The Nigeria Customs Service said with dogged implementation of the Presidential mandate to Restructure, Reform and Raise revenue (3Rs),it has recorded the highest revenue collection ever, of N1,012,259,006,779.74 with five more working days to the end of 2017. This was said to spectacular performance in revenue collection showed that N241,685,276,289.74 over the N770,573,730,490 target for the year and well above the N898,673,857,431.07 collected in 2016. According to Joseph Attah, National Public Relations Officer Nigeria Customs Service, Despite the economic recession experienced earlier in the year with low volume of imports,…

GOV SANI-BELLO URGES NNPC TO FAST TRACK OIL EXPLORATION IN BIDA BASIN …Seeks partnership on Truck Parks

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Niger state Governor, Alhaji Abubakar Sani-Bello has appealed to the Nigeria National Petroleum Corporation (NNPC) to fast track the exploration of hydro carbon in Bida Basin. Governor Sani-Bello made the appeal when he and some members of his cabinet paid a courtesy visit to the office of the Group Managing Director of the NNPC, Dr Maikanti Baru at the NNPC Towers in Abuja on Tuesday. He said the state government had established a Ministry of Mineral Resources and department of Oil and Gas to ensure the state was among oil producing…

GOV SANI-BELLO VISITS FINANCE MINISTER .. Says Niger Loses N15bn Annually To Wrongful Tax Remittances

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Governor Abubakar Sani-Bello, on Monday, said the State Government has been losing N15 billion annually to Federal Capital Territory through wrongful tax remittances. Alhaji Sani-Bello said this in Abuja during a courtesy visit to the Minister of Finance, Kemi Adeosun, at the Ministry headquarters in Abuja The Governor was at the Ministry headquarters in Abuja to seek support of the finance Minister on improving the state’s Internally Generated Revenue IGR     Governor Sani-Bello said that at the moment, the State was generating about N400 million monthly as IGR. He…

FG Generates N17bn from VAIDS

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The Federal Inland Revenue Service (FIRS) says that the Federal Government has realised the sum of N17 billion from the Voluntary Asset and Income Declaration Scheme (VAIDS) inaugurated in July. Mr Babatunde Flower, the FIRS Executive Chairman, said this in Lagos on Wednesday, at a media workshop on VAIDS. Flower said that the N17 billion was voluntarily paid by some companies through VAIDS, an amnesty programme inaugurated by the government for taxpayers to regularise their tax status relating to previous tax periods. According to him, the initiative is making progress…

Gwarzo’s Suspension: I cannot be blackmailed – Adeosun

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The Finance Minister, Kemi Adeosun has said that she would not be intimidated by reactions trailing the suspension of the Director General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo. Mrs Kemi Adeosun said this in a statement signed by her Media Adviser, Oluyinka Akntunde and made available to Economic Confidential in Abuja, she said the decision to suspend Gwarzo was in order. The statement reads : “The attention of the Honourable Minister of Finance has been drawn to some misleading and mischievous media reports regarding the suspension…

POLICIES ON TRADE AND INVESTMENT ARE YIELDING RESULTS – President Buhari

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President Muhammadu Buhari Thursday said that current changes to trade and investment policies by the government since it took office in May 2015 will help the nation to diversify the economy, attracted more foreign investments and speed up the country’s industrialization. Speaking at the commissioning of two newly-established agro-based industries, shortly before he ended his highly successful two-day State Visit to Kano State , the President noted that the overall effect of these achievements will lead to jobs creation and better living conditions for citizens as promised by the governing…

2017 Nigeria Customer Service Ambassador Visits SERVICOM

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2017/2018 Customer Service Ambassador, Miss Kelechi Erondu yesterday visited the CEO/Coordinator of Service Compact(SERVICOM),Mrs.Nnenna A.Akajemeli. The visit according to Kelechi was to interact with SERVICOM on how to improve excellence service delivery in public sector in Nigeria. The Customer service Ambassador was presented to the SERVCOM Coordinator by the CEO of Nigeria Customer Service Awards Ltd, Dr Aliyu Ilias. While presenting the customer service Ambassador, Aliyu Ilias said about 620 youth contested for the customer service Ambassador through different test where Kelechi Erondu and Kelechi Okeke from Abuja and Lagos…

Nigeria Need Workable Supply Chain Management Policy – Dr Aliyu Ilias

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The Northern Training Coordinator for the Chartered Institute of Warehousing and Material Management, and Chartered Institute of Supply Chain Management, Dr.Aliyu Ilias has said that there is need for efficient policy direction on Supply Chain management in other to improve on service delivery towards economic growth and industrial development in Nigeria, Aliyu stated this in his keynote address at the combined 2017 induction of Chartered Institute of Warehousing and Material Management and Chartered Institute of Supply Chain Management in Abuja on Friday. He said professionals needed to work on the gap…