Suspension By Martha Agas The Nigeria Customs Service (NCS), has suspended implementation of the four per cent charge on the Free On-Board (FOB) value of imports. The Spokesman of the service, Abdullahi Maiwada, made this known in a statement on Tuesday in Abuja. According to him, the FOB charge isContinue Reading
By Vivian Emoni The Abuja Chamber of Commerce and Industry (ACCI) hosted a webinar on Tuesday to educate Small and Medium Entrepreneurs (SMEs) on the significance of insurance in strengthening business sustainability in Nigeria. Mr Agabaidu Jideani, Director-General of ACCI, explained that the purpose of the session wasContinue Reading
JBy Vivian Emoni The Nigerian Export Promotion Council (NEPC) has said that the country’s trade volume reached 7.2 metric tons in 2024, with a 20.7 per cent increase in value, totaling 5.45 billion dollars. Dr Nonye Ayeni, Executive Director of NEPC, said this on Monday in Abuja during the presentationContinue Reading
By Vivian Emoni The Federal Ministry of Industry, Trade and Investment has expressed commitment to creating a sustainable environment for the private sector and other stakeholders to compete favourably and drive economic growth and productivity. Dr Jumoke Oduwole, the Minister of Industry. Trade and Investment, made the commitment at aContinue Reading
By Okeoghene Akubuike The Federal Government says it is discussing with the International Finance Corporation (IFC) to explore capital market and funding options in Nigeria for infrastructure development through Public Private Partners A statement issued by Ifeanyi Nwoko, Acting Head, Media and Publicity, ICRC on Sunday in Abuja, said thisContinue Reading
By Rukayat Moisemhe The International Finance Corporation (IFC) has announced an equity investment of 50 million dollars in the Lagos Free Zone Company (LFZ) to support Nigeria’s industrial growth and economic diversification. Dahlia Khalifa, IFC Regional Director, Central Africa and Anglophone West Africa, made this known at an official signingContinue Reading
By Rukayat Moisemhe The Abia State Government and the management of Radisson Blu Hotels on Friday signed a Memorandum of Understanding (MoU) to revive the state’s hospitality industry. Dr Alex Otti, Governor of Abia, at the signing ceremony in Lagos, stated that the agreement was to facilitate the buildingContinue Reading
By Okeoghene Akubuike The Federal Executive Council (FEC) has approved the concession of the Kashimbila Integrated Cargo/Agro-Allied Airport in Taraba, under a Public Private Partnership (PPP) arrangement. A statement issued in Abuja on Friday by Ifeanyi Nwoko, Acting Head, Media and Publicity, Infrastructure Concession Regulatory Commission (ICRC), said that theContinue Reading
By Diana Omueza The Nigerian Shippers Council (NSC), says the Bill on Nigerian Port Economic Regulatory Agency currently awaiting presidential assent will enhance efficiency at the ports and boost export. Dr Pius Akutah, Executive Secretary of the council, said this on Thursday in Abuja, after receiving a delegation from theContinue Reading
By Rukayat Moisemhe The immediate past Chief of Naval Staff, Vice-Admiral Awwal Gambo (rtd), has called for the integration of emerging technologies into management practices to enhance organisational success. He made the call on Wednesday in Lagos at the investiture ceremony of the 25th President of the Nigerian Institute ofContinue Reading
