The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday said $48billion oil and gas investment opportunities have been identified in the country. Speaking on ‘Insights on Future Exploration Hotspots: Opportunities for Africa’s Oil & Gas Industry, at the 2019 International Petroleum Week conference in London, Baru urged investors to invest in…
Nigeria and other African countries could increase tax revenue by as much as $72 billion or 4.6 per cent of Gross Domestic Product (GDP) yearly if comprehensive tax reforms are carried out, the Economic Commission for Africa (ECA) says.The proposed comprehensive tax reform is one of the recommendations in the 2019 Economic Report on Africa…
Global leaders in agricultural businesses and leading Nigerian players in the agro-food and pack industry will today learn from one another, do know-how transfers, discuss innovations and business at the Landmark Centre, Victoria Island, Lagos.Founder and Chief Executive Officer of Fairtrade Messe GmbH & Co.KG, Martin Maerz, disclosed this to The Guardian last weekend. The…
The Federal Government is scheduled to reopen the APR-2023, MAR-2025 and FEB-2028 bonds for subscription by offering investors N40bn each from the APR-2023 and MAR-2025 bonds and N20bn from the FEB-2028 bond. The FGN bond auction is scheduled to hold this week. The Debt Management Office, on behalf of the Federal Government, is expected to…
The Nigerian Export Promotion Council on Monday met with stakeholders in the non-oil sector in order to address some of the impediments in the sector. The meeting held at the headquarters of the NEPC was specifically targeted at ensuring that Nigerian exports meet requisite international standards. Speaking at the event, the Executive Director/Chief Executive, NEPC,…
The Nigerian Shippers’ Council, NSC, has said that it is working towards a 30 percent reduction in the cost of clearing goods in the Nigerian ports following an agreement to this effect with terminal operators and shipping companies operating in Nigeria. Speaking at a one day enlightenment seminar organized by the Council in collaboration with…
Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, projected that Nigeria’s Gross Domestic (GDP) growth will rise to three percent in 2019 as against 1.93 percent recorded in 2018. In a keynote address delivered at the BusinessDay Post Election Economic Agenda conference in Lagos, Emefiele also said the apex bank will maintain its…
The importance of Nigeria and Africa as a whole has risen on the UKs’ agenda The UK will be the first G7 investor in Africa by 2022 Increase in the commitment by CDC (a development finance institute in the UK that invests in long term equity to contribute to job and wealth creation) to £3.5…
The Nigerian-British Chamber of Commerce (NBCC) has engaged stakeholders and member partners of the commission to a quarterly advocacy group breakfast session, ahead of the United Kingdom’s planned exit from the European Union.The move was to discuss impact and opportunities for key stakeholders within the Nigerian and British business communities in relations to trade in…
The UK is set to inject up to £30 million into prosperity and security projects across Africa as it steps up its investment in the continent, Harriett Baldwin, minister of State for Africa announced on Monday. The funding boost comes as Britain signs a new strategic partnership with the African Union, strengthening the engagement between…