Nigeria Imports $19M Worth Of Motorcycle Spare Parts Yearly

Nigeria Imports $19M Worth Of Motorcycle Spare Parts Yearly

By Oluwakemi Kindness The National Automotive Design and Development Council (NADDC), says Nigeria spends nineteen million dollars yearly on the importation of motorcycle spare parts. Director-General, NADDC), Joseph Osanipin, who stated this at the Council's 2024 end-of-year media briefing in Abuja, harped on the urgent need to reduce the country’s dependence on imported parts by bolstering local manufacturing. According to him to address this challenge, the NADDC is collaborating […]

December 22, 2024 10 22

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Ponzi Scheme Operators to Get 10years Jail Term as Senate Passes SEC’s Repeal Bill

By Oluwakemi Kindness The Director General, Securities and Exchange Commission SEC, Dr. Emomotimi Agama, says the bill repealing the commission's act stipulates harsher penalties on Ponzi scheme operators, mandating a minimum fine of N20 million or up to 10 years in prison, or both. Dr. Agama who spoke on the sidelines of the passage of the bill in the senate, explained that the bill explicitly prohibits Ponzi and pyramid schemes, […]

December 6, 2024 16 19

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FIRS staff celebrate Chairman over enhanced welfare package

By Oluwakemi Kindness The Executive Chairman of the Federal Inland Revenue Service, FIRS, Zacch Adedeji on Thursday was received by jubilant workers who had assembled at the agency’s headquarters at Sokode Crescent, Wuse Zone 5, Abuja, to appreciate him for his numerous welfare packages for them. As early as 8 am, the workers who said they have continuously enjoyed uncommon welfare packages from Adedeji since he assumed office over a […]

December 6, 2024 12 2

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We Recognise the Vital Role PTAD Plays says House of Reps.

By Oluwakemi Kindness The House of Representatives says it recognises the vital role the Pension Transitional Arrangement Directorate (PTAD) plays, especially in the payment of pensions, gratuity and death benefits to retirees of the Federal Government exempted from the Contributory Pension Scheme. Members of the House Committee on Pensions, stated this when its Chairman, Hussaini Mohammed Jallo, led them on a visit to the the Directorate on Monday as part […]

December 3, 2024 14 4

Business

Non-Oil Export: VP To Declare 3rd National Conference Open

By Oluwakemi Kindness The Vice President, Dr. Kashim Shettima (GCON) is billed to declare open the Nigerian Export Promotion Council (NEPC) 3rd National Conference on Non-oil Export. NEPC's Executive Director, Nonye Ayeni, who stated this in a statement in Abuja on Monday, said the conference is expected to draw participants from the public and Organised Private Sector (OPS), development partners, and the diplomatic community. The statement by the Head Corporate […]

November 4, 2024 20

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FCCPC Engages Discos Over Prepaid Meter Phase-Out

Oluwakemi Kindness The Federal Competition and Consumer Protection Commission (FCCPC) on Tuesday re-echoed its committed to preventing any disadvantage to consumers particularly now with the ongoing meter upgrade. This is as the commission says it is actively engaging key stakeholders, including the Nigerian Electricity Regulatory Commission (NERC), Nigerian Electricity Management Services Agency (NEMSA), and the eleven DisCos. "Recent announcements by Ikeja Electric indicated that the Unistar […]

October 22, 2024 21 9

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NEPC, NDPC Partner to Safeguard Registered Exporters Data

By Oluwakemi Kindness The Nigerian Export Promotion Council (NEPC) and the Nigerian Data Protection Commission (NDPC) has agreed to provide a framework that will safeguard personal and corporate transactions within the exporting community. The Executive Director, NEPC, Nonye Ayeni disclosed this in Abuja while receiving in her office the National Commissioner, NDPC, Dr. Vincent Olatuniji. Ayeni noted, with the huge number of registered exporters in the country, striving to fulfil […]

October 17, 2024 22 4

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Standards Are Critical For Industrialisation, Says SON DG

By Oluwakemi Kindness The Standards Organisation of Nigeria (SON) has called on all stakeholders to prioritise the implementation of standards in their respective fields for National Development. This is according to the Director-General of SON, Dr. Ifeanyi Okeke, who stated this during a walk by the SON to commemorate the 2024 World Standards Day in Abuja on Saturday. He stressed that standards are the bedrock for industrialisation. “Standardisation is not […]

October 12, 2024 15 4

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Business: 140 manufacturers to get BOI’s loan at single digit

By Oluwakemi Kindness The Bank of Industry, BOI says about one hundred and forty large manufacturing companies will receive loans of up to one billion naira at single digit interest rates. BOI’s Managing Director, Dr. Olasupo Olusi, stated this in Abuja on Wednesday during its inaugural public lecture series saying this is under the seventy five billion naira Manufacturing Sector Fund. Dr. Olusi said the funds under this program have […]

October 3, 2024 17 5