Hazards of Smuggling Used Clothes- Comptroller Ugbagu
Comptroller Michael Ugbagu , the Federal Operations Unit, Zone ‘C’, of the Nigeria Customs Service, Owerri, urged the public to refrain from patronising second-hand clothing and support local manufacturers. Comptroller Ugbagu made the call during a press briefing at the command’s headquarters in Owerri, on Wednesday. He highlighted the dangers posed by smuggling used clothing,…
FG Seeks Reconnection of 60% Manufacturers on National Grid to Fund $32.8bn Energy Security
The federal government is making frantic efforts to ensure the return of over 60 percent of manufacturing firms, which had exited the national grid. The Minister of Power, Chief Adebayo Adelabu, disclosed yesterday, during the release of a National Integrated Electricity Policy (NIEP) to drive the transformation of Nigeria’s power industry. At the event, Adelabu…
” Trade is a global thing but it is not all trade that is good. Some trades bring fake products into a country. However, the China Canton Fair does not promote fake products. Therefore, I am encouraging your participation (Nigerian private and public enterprises) in the 137th Canton Fair that will be held in China in April 2025.” – the Director of Economic Trade, Federal Ministry of Foreign Affairs, Ambassador Bolaji Akinremi.
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We are not in a hurry to pass tax reform bills – Akpabio
The President of the Senate, Godswill Akpabio, has assured stakeholders in the business community and beyond that the Red Chamber would be thorough as it is not in a hurry to pass the tax reform bills. Akpabio gave the assurance during the public hearing on tax reform bills organised by the Senate Committee on Finance,…
Diverse Perspectives from MAN and NACCIMA on FTZs Tax Reform Bills
Two prominent organizations within Nigeria’s Organized Private Sector (OPS), the Manufacturers Association of Nigeria (MAN) and the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), have articulated differing positions regarding the proposed 2024 Tax Bill amendments related to Free Trade Zone (FTZ) operations in Nigeria. During the 3rd Nigerian Economic Zones Association…
NACCIMA Tasks Lawmakers “Don’t Stripe FTZs of Tax Exemptions “
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) is calling on the National Assembly to carefully evaluate the consequences of the proposed removal of tax exemptions for investors operating within the country’s Free Trade Zones (FTZs) as outlined in the Nigeria Tax Bill 2024. Currently, there are 50 FTZs in Nigeria,…
“Reserves don’t drive industrialisation, infrastructure does. The future of Nigeria’s industrial growth lies in our ability to harness our vast natural gas resources. Businesses that align with this vision will not only survive but thrive in the years to come.” – Audrey Joe-Ezigbo, Managing Director of Optimera Energy.
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Industrial Revolution Working Group (IRWG) Team And Mandates
On Thursday, February 2025, President Bola Tinubu’s led administration inaugurated a 22-member Industrial Revolution Work Group (IRWG) to boost Nigeria’s manufacturing sector. IRWG Team Inaugurated in Abuja, the IRWG is led by Owan Enoh, the Minister of State for Industry, and is co-chaired by Francis Meshioye, the President of the Manufacturers Association of Nigeria (MAN)….
PZ Cussons Nigeria Donates Research Equipment to UniJos
PZ Cussons Nigeria PLC-under NOTAP-Industry Research Laboratory Upgrade Project- donated State-of-the Art research equipment to Department of Chemistry, University of Jos. Speaking at the occasion, the Chief Executive officer of PZ Cussons Nigeria PLC, Mr Dimitris Kostianis, said we keyed into the vision of National Office for Technology for Acquisition and Promotion (NOTAP) in their…