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Food & Agro Allied

Food-Agro-Allied

This sector is comprised of companies engaging in the production and manufacturing of final goods. In general, these are products and services classified for personal use, specifically intended for the mass market. This sector encompasses goods that are consumed rather than used in the production of other goods, and include both durable and non-durable consumables. Included in this sector are manufacturers of automobiles/auto parts, household durable good, textiles and apparel, as well as manufacturers’ food, beverages and tobacco products.
 

Recent Posts in Food & Agro Allied

CBN to sack bank directors with non-performing loans

2017-11-28 12:05 PM | by Nigeria Compliancehub

A new Code of Corporate Governance approved by the Central Bank of Nigeria (CBN) has stipulated that bank directors with non-performing loans (NPLs) are to either quit or be sacked.

This was made known during the weekend by the Director, Bank Examination Department at the Nigeria Deposit Insurance Corporation (NDIC), Adedapo… Read more

FIRS rakes in N3.2tr in 10 months, says Fowler

2017-11-28 11:59 AM | by Nigeria Compliancehub

The Federal Inland Revenue Service (FIRS) has generated N3.233 trillion in 10 months. The amount is 79.35 per cent of the agency’s collection target for this year, its Executive Chairman Tunde Fowler said yesterday.

He spoke at an interactive session on the review of 2018–2020 Medium Term Expenditure Framework (MTEF) and… Read more

FG targets $1bn from tax amnesty scheme

2017-11-27 11:12 AM | by Nigeria Compliancehub

The Federal Government is targeting to rake in about $1 billion from the on-going Voluntary Income and Asset Declaration Scheme, VAIDS, before the deadline on March 31, 2018.

The Minister of Finance, Kemi Adeosun, who made this disclosure on the sidelines of the VAIDS training workshop in Lagos at the weekend,… Read more

SON to commence products authentication

2017-11-07 11:59 AM | by Nigeria Compliancehub

The Standards Organisation of Nigeria (SON), yesterday, said it has concluded plans to commence implementation of products authentication scheme before the end of this year, just as the organisation’s enforcement team has confiscated large consignments of suspected unfortified and substandard sugar and flour based products like pasta and spaghetti in… Read more

House C’ttee Summons Telecoms Chiefs over Alleged N143bn Tax Evasion

2017-11-07 11:50 AM | by Nigeria Compliancehub

Chairman, House of Representatives Ad-hoc Committee investigating the operational activities of telecommunications equipment and service companies/vendors in Nigeria, Hon. Ahmed Abu (APC, Niger) yesterday summoned the chief executives of mobile telecommunications companies to either appear before it on Wednesday or incur the wrath of the legislators.

Those affected include the chief… Read more

Stock Exchange removes full trading suspension on Oando

2017-10-24 1:58 PM | by Nigeria Compliancehub

Investors resumed trading on the shares of Oando Plc yesterday as the Nigerian Stock Exchange (NSE) lifted the full suspension placed on the shares of the indigenous energy group. The NSE meanwhile replaced the full suspension with a technical suspension, implying that while trading will continue unhindered on the shares… Read more

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