-Otunba Niyi Adebayo, Minister, Industry, Trade and Investment, has directed that the validity period of licenses for operators in free trade zone areas be increased to five years. The Minister gave the directive at a Stakeholders Forum Organised by the Nigeria Economic Zones Association on Thursday in Lagos with the theme : “Streamlining Free Zone…
The African Water Facility announced a new investment case to mobilize resources to finance its revised strategy for 2017-2025. Based on an updated vision, the African Water Facility is set to improve the quality of life for rural and urban communities in Africa by 2025. The African Water Facility requires €62.15 million ($70.64 million) by…
Press Statement: The Transmission Company of Nigeria wishes to notify consumers of electricity that the current load shedding being experienced nationwide is as a result of very low power generation by the Generation Companies (GENCOs) for TCN to wheel through the transmission grid to distribution companies nationwide. The media has been awash with reports that…
The Abuja Chamber of Commerce and Industry (ACCI) has joined the rest of the world in the fight against gender inequality in the society. The 2022 world International Women’s Day with the theme, “Changing Climate: Equality Today for a Sustainable Tomorrow” with the #BreakTheBias focused on bridging the gender inequality gap in the society. READ:…
The Nigeria Export Processing Zones Authority (NEPZA) has reiterated its stance on providing a wider business corridor for prospective women investors to access the country’s Free Trade Zones. Prof. Adesoji Adesugba, NEPZA Managing Director made the remark to celebrate the International Women’s Day on Tuesday in Abuja.Adesugba said the Authority’s investment drive to fast track…
Taxpayers who have outstanding foreign currency tax liabilities can now take advantage of the Federal Inland Revenue Service (FIRS) one-month window to settle these liabilities in Naira, with effect from the 1st of March, 2022, to 31st March, 2022, this is according to a Public Notice released by the Service and signed by the Executive…
United States Congressman Gregory Meeks has warned that the United States will only be part of the future if it invests in Africa now. The congressman from New York and Chairman of the US House Foreign Affairs Committee was speaking during a visit to the African Development Bank Group on Saturday, as he and a…
R-L; President Muhammadu Buhari, Chairman BUA Group, Alh Abdul Samad Rabiu, Chairman CMAN Alh Lawal Bello, Managing Director BUA Cement Mr. Yusuf Binji and Director Shehu Abubakar during an audience at the State House, Abuja. Photo; Sunday Aghaeze President Muhammadu Buhari has applauded the BUA Group for its strides in narrowing the gap between demand and…
LoftyInc Allied Partners Limited was recently awarded the sum of a N592,204,667 co-investment grant by the USAID-funded West Africa Trade & Investment Hub (Trade Hub) to launch “Project Sparrow,” an initiative developed to reduce the risk of local and global investments in selected agribusiness and agritech companies in Nigeria to help them achieve higher productivity,…
Provisional winners of the 3.5 Gigahertz (GHz) spectrum licence, MTN Communications Nigeria Plc and Mafab Communications Limited, have made their full payment of $273.6 million each for the 5G Spectrum license to the Nigerian Communications Commission. The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, officially confirmed the payment status today,…
