Category: Business

BREAKING: Tinubu appoints new FIRS Acting Chairman

Emporium Reporters

President Bola Tinubu has approved the appointment of Zacch Adedeji as the new Acting Executive Chairman of the Federal Inland Revenue Service (FIRS).   The President has directed the erstwhile FIRS Chairman, Muhammad Nami, to proceed on three months of pre-retirement leave, as provisioned by Public Service Rule (PSR) 120243, with immediate effect, leading to his eventual retirement from service on 8 December, 2023.   Adedeji is appointed in acting capacity for a 90-day period before his subsequent confirmation as the substantive Executive Chairman of the Federal Inland Revenue Service…

Lady Chukwudozie lauds Gov Soludo’s vision, as Anambra gets new car Assembly plant

Emporium Reporters

The chairman of Manufacturers Association of Nigeria (MAN) for Anambra, Enugu and Ebonyi States, Lady Ada Chukwudozie has commended the Governor of Anambra State, Professor Charles Soludo for his visionary leadership, efforts and performance towards repositioning and making Anambra a smart, mega and prosperous State. The MAN boss spoke at the groundbreaking ceremony of Kojo Motor Auto Assembly and Natural Gas facility in Umunya, Oyi Local Government Area of Anambra State on Saturday. She lauded Prof. Soludo’s grand agenda of developing Anambra State and putting her on the global map…

CAC Registrar-General leads Nigeria’s delegation to 2023 OGP Summit

Emporium Reporters

The Registrar General of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar is leading Nigerian delegation to the 8th Open Government Partnership (OGP) Global Summit commenced today in Tallinn, Estonia. The 2023 OGP Summit focused on open government in the digital age, the potential of technology to make governance and policy-making more transparent and accountable, and the preservation of democracy. It brings together heads of state and government, representatives of civil society, and policymakers around the world annually to promote principles of transparency and good governance globally. In an address…

CAC Registrar General restates commitment to continued Staff training for efficient services

Emporium Reporters

In its continued bid to ensure efficient services to customers, the Corporate Affairs Commission (CAC) assured that training and re-training of staff in all sectors of its operations will continue to receive priority attention.   The Registrar General and CEO of the CAC, Alhaji Garba Abubakar, stated this at the flag-off of a training titled “Advanced Learning and Goal Setting Training for Management and Senior Staff of the CAC held in Uyo, Akwa Ibom State.   Alhaji Garba Abubakar noted with pleasure that the CAC was blessed with highly talented…

CIPM seeks CACs validation of its certificate

Emporium Reporters

The Chartered Institute of Personnel Management(CIPM) has urged the Corporate Affairs Commission (CAC) to grant special recognition to the institute’s certification. The President of the CIPM, Mr. Olusegun Mojeed, made this request during a courtesy visit to the Registrar General, Alhaji Garba Abubakar. Olusegun Mojeed said the institute was at the commission to explore areas of collaboration as it was doing with other agencies, including the office of the Head of Service of the federation, in line with its mission to promote excellence in people management through value creation, optimisation…

CBN must Stop Reckless Management of Foreign Reserve – Pol Eco Analytics

Emporium Reporters

A Nigerian – based independent think tank and research organization,Pol Eco Analytics has condemned the Central Bank of Nigeria (CBN) for the reckless management of the nation’s foreign reserves, that is very strategic to the nation economic well being. Pol Eco Analytics having observed the recently development withing the nations foreign exchange market, essentially as the forex unification and CBN I&E Window policy have proved not to be achieving the goal of eliminating multiple forex market and mitigate currency speculation, round tripping and insider abuses that put undue pressure on…

How I made it to the top without rich parents or attending best schools — Tony Elumelu

Emporium Reporters

The Chairman of the United Bank for Africa PLC, Tony Elumelu, has revealed how he made it to the top of his career despite not having rich parents or attending the best schools. The Founder of Tony Elumelu Foundation made this known on his Facebook page after a speech he delivered on Saturday. The Eagle Online recalls that Elumelu, who is the Chairman of Transcorp Group, spoke at a conference for youths in Abuja. He wrote on his Facebook page on Sunday: Yesterday, I spoke to a group of brilliant teens at…

BREAKING: NNPC secures N2.3trn loan to stabilise Naira against Dollar

Emporium Reporters

The Nigerian National Petroleum Corporation (NNPC) Limited has secured a N2.3trn ($3 billion) crude repayment loan to support the naira and stabilise the foreign exchange market. NNPC in a terse statement on Wednesday, August 16, 2023, said the loan was secured from the AFRIEXIM bank headquarters in Cairo, Egypt. The statement reads; “The NNPC Ltd. and AfriEXIM bank have jointly signed a commitment letter and Termsheet for an emergency $3 billion crude oil repayment loan. “The signing, which took place today at the bank’s headquarters in Cairo, Egypt, will provide…

BREAKING: FG files 20 fresh charges against former bank chief, Emefiele ….seeks to withdraw Lagos case

Emporium Reporters

There could not be end in sight in the war between president Bola Tinubu-led administration and former Central Bank of Nigeria—CBN, Godwin Emefiele as the former on Tuesday applied to withdraw the “illegal possession of firearms” case it filed against the embattled bank chief at the Federal High Court sitting in Lagos. Mohammed Bakodo Abubakar, Director of Public Prosecutions (DPP) at the Federal Ministry of Justice told Justice Nicholas Oweibo that the application followed the result of further investigations. He made his application orally. But defence counsel Joseph Daudu (SAN)…

CAC secures nomination for International Award …. as BOR sensitization ends in major cities

Emporium Reporters

The Corporate Affairs Commission (CAC) has successfully completed the first leg of stakeholder sensitization on the use of the Beneficial Ownership Register (BOR). The journey to building Africa’s first BOR began seven years ago with Nigeria making a commitment to the world during the 2016 London Anti-Corruption Summit. At the Summit, Nigeria pledged, among other things, to open a publicly available beneficial ownership register of corporate entities. The CAMA 2020 heralded a new beginning as work on the BOR began in earnest, scaling through extensive development and testing in line…