Nigerian Investment Promotion Commission (NIPC) and its partner, the UK Department for International Development (DFID) have published a Nigeria-Investment-Guide-Jan-2020. The Guide was launched at the UK Africa Investment Summit held earlier in January in the UK. It contains useful information on Nigeria as a compelling destination for any investor seeking to participate in the economic…
It’s a pleasure to join you at this special side event organized as part of the UK-Africa Investment Summit. Let me congratulate the organizers, the Department for International Development (DFID) and Her Majesty’s Trade Commissioner for Africa for hosting us today. The DFID is a key strategic partner of the African Development Bank. Since joining…
United Kingdom investors have signed commercial deals worth £324m (over N153.4bn) with Nigerian investors. The deals were sealed during the inaugural UK-Africa Investment summit which was attended by 21 African countries, African leaders, UK and African businesses, international institutions and young entrepreneurs in London. At the summit, the British Prime Minister, Boris Johnson, expressed commitment…
Mr Bismarck Rewane, Chief Executive Officer, Financial Derivatives, on Thursday projected Nigeria’s Gross Domestic Product (GDP) growth to remain flat at 2 to 2.2 per cent in 2020. Rewane made the projection at the January Breakfast Meeting organised by the Nigerian-British Chamber of Chamber in conjunction with British Airways, Union Bank and Red Star Express…
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…
