The Nigeria Export Processing Zones Authority (NEPZA) is working out a partnership with the Nigerian Investment Promotion Commission (NIPC) to encourage ease of investment at the 41 Free Trade Zones in the country. The Managing Director of NEPZA, Professor Adesoji Adesugba said this when he visited the Executive Secretary, Yewande Sadiku of NIPC in Abuja…
PwC Nigeria has admitted eight professionals into its partnership, effective 1 July 2020. This is a record number for the leading professional services firm, demonstrating its commitment to diversity, inclusion, and developing the future leaders of the firm. The new Partners are Akinyemi Akingbade, Chioma Obaro, Tosin Labeodan, Rukaiya El-Rufai, Wura Olowofoyeku and Yinka Yusuf…
The Prime Minister of the United Kingdom, Boris Johnson has announced that the government department responsible for overseas aid is to be merged with the Foreign Office (FCO). Boris Johnson told MPs abolishing the separate Department for International Development (DfID) would mean aid spending better reflected UK aims. He said the “long overdue reform” would…
Business owners who register their organisations with the Corporate Affairs Commission (CAC) would no longer need to approach the Federal Inland Revenue Service (FIRS) for a tax identification number. In a statement on Monday, CAC said the processes of registering a business and getting a tax ID have been merged. This means that certificates of…
Vice President Yemi Osinbajo, Minister of State for Industry, Trade and Investment, Mrs. Maryam Katagum will alongside other stakeholders discuss the opportunities and challenges of the Covid-19 on micro, small and medium scale enterprises (MSMEs) in the country. The conversation slated for June 30, 2020, is part of activities to commemorate this year’s World MSME…
The Federal Ministry of Industry, Trade and Investment has inaugurated a 28-member Nigeria Agro Set-Up Committee aimed at re-invigorating broad national agricultural activities across the country. The committee would drive the Federal Government’s plan to diversify the economy away from oil through renewed interest in the agricultural sector targeted for $250bn export earnings for Nigeria…
Minister of Industry, Trade and Investment, Mr. Adeniyi Adebayo, Thursday said the federal government is planning to float a N150 billion capitalisation fund and N50 billion export expansion facilities to respond to the impact of the COVID-19 pandemic on the economy. He added that no fewer than five million jobs would be created as well as…
Good afternoon Ladies and Gentlemen. I wish to start by commending the Nigerian-British Chambers of Commerce, NBCC, for your continuous efforts in promoting trade and investment between Nigeria and the UK, and I would also like to thank you for having me as a speaker at this webinar. This webinar with the theme…
The Federal Government yesterday commissioned the operation of Dukia Gold and Precious Metals Project (DGPMP) that would enable Nigeria to mine her gold reserves properly, trade responsibly and refine locally. The Vice President, Prof. Yemi Osinbajo, who performed the virtual commissioning of the project, said Nigeria has potential reserves of 200 million ounces of gold…
Nigeria’s early move to tap cheap loans has improved its risk perception among foreign investors, leading to a fall in the country’s borrowing costs. Support from the IMF and the other development institutions, along with a nascent recovery in oil prices has boosted investor confidence, according to Edwin Gutierrez, the London-based head of emerging-market sovereign…
