By Handel Patrick (Staff Reporter) The Independent Petroleum Marketers Association of Nigeria (IPMAN) has lamented the excessive taxes being by its members in the south-eastern states. The Chairman of IPMAN, Enugu Depot Community in charge of Anambra, Ebonyi and Enugu state, Mr Chinedu Anyaso, alleged that governors in the South East were not interested in the functionality of depots, but rather on taxing IPMAN members. Speaking during an emergency meeting in Anambra on Wednesday,...
Chairman of Aliko Dangote Group, Aliko Dangote, is now the 63rd richest billionaire in the world, according to the latest ranking by Bloomberg. In the ranking released on Wednesday, July 13, the Chief Executive Officer of Tesla, Elon Musk, was listed as the richest billionaire in the world, as of Monday, July 11. The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. According to the financial, software, data, and media company...
LONDON, July 13, 2022 (GLOBE NEWSWIRE) — Perfect Moment, luxury fashion and sportswear brand, today announced that Priyanka Chopra Jonas, the award-winning actor, producer, philanthropist, activist, and entrepreneur and Nick Jonas, the multi-platinum and Grammy-nominated recording artist, song-writer and actor, have partnered with Perfect Moment as investors. This is the first time the couple have entered into a business partnership together within the fashion industry, combining their entrepreneurial expertise and passion for skiing and the...
Twitter has sued Elon Musk to compel him to complete his $44 billion acquisition of the social media company. The company sued Musk in Chancery Court in Delaware on Tuesday to push the Tesla CEO to follow through with the acquisition agreement. Musk had agreed to buy the micro-blogging platform in April but backed out of the deal last Friday. Noting that Musk was exercising his right to terminate the merger agreement and abandon the...
Elon Musk, Tesla CEO, has backed out of his $44 billion Twitter takeover deal, setting the stage for an epic court battle over a billion-dollar breakup fee and more. This is according to a letter sent by a lawyer on Musk’s behalf to Twitter’s Chief Legal Officer on Friday. In the letter, disclosed in a Securities and Exchange Commission filing, Skadden Arps attorney, Mike Ringler, said Tesla’s Chief Executive Officer was exercising his right to...
ONITSHA — Tiger Foods Limited, a Nigerian manufacturing company that produces food spices and seasonings, has launched processed and packaged beans as its latest food product. The company announced the launch of the product on its Twitter page on Saturday, July 2. “Drum rolls, pamparampam. If your guess was grains, then you are absolutely correct. This is the secret we have been keeping. We welcome Tiger Beans to our family. Premium Sorted Quality Beans. Sand...
ENUGU — The Federal Government has approved an indigenous company Ingrace Group to assemble vehicles in Nigeria. The CEO of Ingrace Group, Chief Onu, revealed this when he paid a courtesy visit cum presentation of a car to the state government on Wednesday at the Enugu State Government House, Independence Layout, Enugu. Onu who came into the company of his management team and some brands out of the 11 of their vehicles for inspection called...
Ibrahim Abdullahi, Chairman of the Board of Trustees (BOT) of the Association of Point of Sale Users in Nigeria (APOSUN) said Nigeria has grown the number of Point of Sale (POS) operators to about 167,000. Abdullahi disclosed this when the association paid an advocacy visit to the FCT command of the Department of State Services (DSS) in Abuja recently. “APOSUN, registered three years ago, aimed at creating jobs for Nigeria’s teeming unemployed youths and minimizing crime....
Mr. Muhammad Saleh-Hassan, Chairman, Skymark Energy and Power Ltd, has urged oil marketers and other stakeholders in the energy sector, to cooperate with the Federal Government and end fuel scarcity in Nigeria. The energy stakeholder, who made the call in Abuja on Sunday, stressed that oil marketers had a major role to play in ending recurring fuel scarcity in the country. Saleh-Hassan noted that the energy crisis appeared to have defied government’s efforts, and urged...
The Organised Private Sector Exporters Association (OPEXA) has appealed to the National Assembly (NASS) to urgently ratify the approval of the N375 billion Export Expansion Grants (EEG) for exporters. In a report, the News Agency of Nigeria notes that the N375 billion represents the backlog of the EEG from 2017 to 2020, whose payment was delayed due to budgetary constraints. The Federal Executive Council (FEC) recently approved the disbursement in form of Promissory Notes, which...
