Nestlé Professional Empowers 1,900 Food Vendors
Participants in the workshop were operators of canteens, grillers, ‘Maishais’, and bukas.
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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…
WTO/ FIFA Cotton Four Countries Project Enters $12bn Mobilisation Stage
▪︎ WTO DG, Ngozi Okonjo-Iweala UNIDO, WTO, ITC, Africa Finance Corporation (AFC) and International Islamic Trade Finance Corporation (ITFC), have begun mobilizing $12 billion to support the development of a sustainable cotton industry in the Cotton Four countries (Benin, Burkina Faso, Chad, Mali – or “C4”) and Côte d’Ivoire. The project, tagged ‘Partnership for Cotton…
Pharmaceutical Manufacturers Applaud Tariffs Removal on Pharma Imports
The President of the Pharmaceutical Society of Nigeria (PSN), Prof Cyril Usifoh, has conveyed the gratitude of the operators in the sector, to President Bola Tinubu for haven granted zero tariffs, excise duties and VAT specified on pharmaceuticals, machineries, equipment and raw materials. In a statement, Prof said that the tariffs removal will encourage local…
ECOWAS set to unveil single currency ECO
▪︎ECOWAS Office, Abuja . Finance Ministers and Central Bank Governors from the 15 Economic Community of West African States, have advanced plans to launch the single currency initiative, known as the ECO. The ECO is envisioned to propel economic growth and development throughout the West African sub-region, received Nigeria’s endorsement. The single currency is part…
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.
FG Links Agbara Industrial Hub to National Grid
The Federal Government has connected the Agbara Industrial Hub in Ogun State, to the national grid, under it’s Industrial Clusters Power Project. The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, disclosed this, during the Nigeria Manufacturers Summit,’ Rethinking Manufacturing’, held at the Presidential Villa in Abuja, yesterday. Before this initiative, none of the businesses…
Auto Industry Needs Components Manufacturers to Drive Growth – Ejindu
The maiden edition of the Nigeria Auto Industry Summit (NAISU) ended with calls for strategic investments in the production of automotive components and parts to drive the sector’s growth. The summit, held in Lagos, was organised by the Nigeria Auto Journalists Association (NAJA), in conjunction with the National Automotive Design and Development Council (NADDC). During…
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.