Shandong Chamber of Commerce Exchange Meeting with LCCI
At the meeting, LCCI President, Mr. Gabriel Idahosa, stated that the Lagos Chamber of Commerce and Industry (LCCI) is committed to strengthening bilateral relations between Nigeria and China.
POLICY
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Nigeria’s New Mining Licences Rate
The Minister of Solid Minerals Development, Dele Alake, says that investors applying for a Mining Lease license would pay N3 million, while Small Scale Mining Lease (SSML) applicants will pay N300,000 for the first two cadastral units. The Minister also said : “The cost to obtain an Exploration Licence (EL) is N600,000 for the first…
Ogun Commissioner Says No Business For Miners with Expire Documents
Mining is a win-win thing if done responsibly, but destructive and disruptive when it is irresponsibly carried out.
Nigeria Missing Out On $110bn Global Bitumen Market – Senate
▪︎Dele Alake The Senate is worried about Nigeria missing out of the $110 billion bitumen global market. The apex legislative Chamber, through its Committee on Solid Minerals, made the revelation on the $110 billion global bitumen market during public hearing on a bill seeking for an Act to establish Bitumen Development Commission. The public hearing…
Tinubu: It’s Shameful We’re Still Generating 4.5GW of Electricity
▪︎Image: President Bola Tinubu; Aliko Dangote, and Wale Edun. Source : State House photo ” As a nation, it is so shameful that we are still generating 4.5GW of electricity,” said President Tinubu, today, during the launch of Presidential Economic Coordination Council (PECC) and the Economic Stabilization Programme to ensure food security, improved power supply,…
Sugar Council donates seed cane to Golden Sugar Company for 2024/25 planting season
The GSC Agronomy Manager, Mr M. Venkat, said they had 120 varieties in their germplasm, but they didn’t have this particular variety in their field and that they discovered that this variety has a higher yield than most of the ones they have
Shettima: FG Eagerly Awaiting To Implement Inputs from Manufacturers Summit
Dr Olusegun Aganga, the former Minister of Industry, Trade and Investment, urged the federal government to declare the manufacturing sector a national priority sector and back it up plans, policies and money.
FG exempts SMEs, manufacturers, from paying withholding tax – Oyedele
Withholding Tax is a method of collecting Income Tax in advance, deducted at rates ranging from 5 percent to 10 percent based on the transaction. Returns are due by the 21st of the following month.
Regulators Overlapping Functions Affecting Manufacturers
▪︎Image of the Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite. Credit: X On June 28, 2024, the Acting Executive Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), Dr. Adamu Abdullahi, led the Commission’s investigators to storm three steel manufacturing firms in Ogun State to investigate an allegation of manufacturing of sub-standard…
FCCPC Tasks Supermarket Operators to Maintain Price Transparency
To pay salaries on time, to make sure you pay your taxes, you pay your power energy bills, and you follow the rules is an expensive proposition.