MAN – Nigeria Customs Sign Policy Document for Supporting Manufacturing Sector
One of the major announcements from the meeting was the approval of strategic exemptions from the 4% FOB surcharge for several categories of manufacturers.
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Nigeria’s Lithium Industry Attracts $2 billion Investments
The Minister of Solid Minerals Development, Dr Dele Alake, disclosed while addressing prospective investors at the Resourcing Tomorrow exhibition and conference in London.
Afreximbank Avails US$10bn to Shield African, Caribbean Economy from Middle East Conflict
The Board of Directors of African Export-Import Bank (Afreximbank) has approved a US$10 billion Gulf Crisis Response Programme (GCRP) facility to help African and Caribbean economies to counter the severe economic shocks triggered by the escalating conflict in the Middle East. Dr. George Elombi, President and Chairman of the Board of Directors at Afreximbank, announced…
Nigerian Lawmakers Considering Citizenship for Foreign Investors
∆ President Bola Tinubu The House of Representatives has passed a bill to give foreign investors in Nigerian Citizenship for second reading. The proposed legislation titled , “A Bill for an Act to Alter the Constitution of the Federal Republic of Nigeria, 1999 to include Citizenship by Investment as one of the classes of Citizenship…
2023 G20 Summit In India: President Tinubu Aims For FDI Drives
President Bola Tinubu has left Nigeria for the 2023 G20 Summit in New Delhi, India. During the Saturday September 9- 10 summit, world leaders will try to find solutions to some of the world’s pressing problems amid a deep geopolitical divide over the war in Ukraine that threatens any progress. There, President Tinubu aims to use the…
Food, Beverages And Tobacco Employees Pay Solidarity Visit To MAN Against NAFDAC Ban
MEMBERS of the Food Beverage and Tobacco Senior Staff Association, a branch of the Trade Union Congress, the National Union of Food Beverage and Tobacco Employees, and the Nigerian Labour Congress paid a solidarity visit to the Manufacturers Association of Nigeria (MAN). This was in protest against the ban on the production of alcohol in…
NUPENG and Dangote Dispute over Union Memberships
The situation escalated when MRS Oil, owned by Dangote’s cousin Sayyu Dantata, began recruiting drivers for the CNG trucks and required them to sign agreements prohibiting union membership.
FG Exempts Electricity, Gas Companies From Withholding Tax
▪︎ Wale Edun The Federal Government has categorised all electricity companies, including the Generation and Distribution Companies (GenCos and DisCos), as those exempted from the payment of Withholding Tax in the country. This was contained in the new Withholding Tax regulation document signed by the Minister of Finance, Wale Edun. The new Withholding Tax regulation…
UNCTAD Warns Strait of Hormuz Depreciating Country Currencies
UN Trade and Development UNCTAD says that Strait of Hormuz disruptions has started weakening developing country currencies. UNCTAD, in its monitoring of changes in exchange rates against the dollar since the start of the military escalation (28 Feb 2026) till March 26, also said that the closure of the shipping line have started weakening global…
Africa has 5 mineral resources needed for clean energy, electric vehicles
A report by the United Nations Conference on Trade and Development (UNCTAD), titled ‘The Economic Development in Africa Report 2023,’ shows that Africa has an abundance of metals needed for electric vehicles and for clean energy.” Africa possesses vast reserves of critical minerals, including aluminum, cobalt, and copper, required for high-tech and green products like…