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First Bank backs WACOT's rice mill expansion dailytrust.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytrust.com Daily Mail and Mail on Sunday newspapers.
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy. First Bank of Nigeria has affirmed its support for the expansion plans of WACOT Ltd, a subsidiary of TGI Group, as the company prepares to double the capacity of its 120,000-ton rice mill in Argungu, Kebbi State. The bank stated this when its board members, led by Managing Director Dr Adesola Adeduntan, visited the mill at the weekend. This expansion comes barely four years after Vice President Yemi Osinbajo commissioned WACOT’s first mill in 2017. Adeduntan commended WACOT’s premium household brands such as Big Bull and Patriot which he referred to as ‘world-class’. ....
Hyundai, Dangote Sinotruck, Honeywell, others enjoy Nigeria's tax holiday (FULL LIST) premiumtimesng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from premiumtimesng.com Daily Mail and Mail on Sunday newspapers.
By Fri Jun 11 2021 The Tropical General Investments (TGI) Group, parent company of WACOT Rice, among others, has won the Chartered Institute of Personnel Management (CIPM) and the Nigeria Employers Consultative Association (NECA) 2020 Employers Excellence awards. According to a statement, the Group Managing Director of TGI, Rahul Savara, won the “People First CEO Award”, while the group took the “People First Safety Award for Organisations” for its commitment to its employees and communities during the COVID-19 pandemic. TGI is also the parent firm of Cormart, TGI Distri and CHI Pharmaceuticals. TGI Group also contributed nearly N2 billion to help fight COVID-19. ....
Lafarge, Jabi Mall, Grand Pela, 31 other firms enjoying tax holiday in Nigeria (FULL LIST) The Pioneer Status Incentive grants a tax holiday for companies working in industries considered not sufficiently developed enough in Nigeria but with favourable prospects. The federal government gives companies in critical sectors of the economy tax holiday, also known as the Pioneer Status Incentive, to encourage and attract investment into sectors that could significantly impact development and deliver key benefits to the country. The incentive, provided under the Industrial Development Income Tax Relief Act, is essentially a tax holiday that grants benefitting firms relief from the payment of corporate income tax for an initial period of three years, extendable for one or two additional years. ....