Trade & Investment

The Federal Government says it will soon commence disbursement of funds under its Presidential Palliative Programme, targeted at alleviating the impact of the fuel subsidy removal. A statement on Sunday by the Minister for Industry, Trade and Investment, Dr Doris Uzoka-Anite, said the programmes consisted of the Presidential Conditional Grant …

President Bola Tinubu has approved the appointment of a new Board and Management team for the Nigerian National Petroleum Company Limited (NNPCL) with effect from December 1,2023. In a statement issued by Ajuri Ngelali Special Adviser to the President on Media and Publicity, the President exercised his power in compliance …

If all goes to plan, Aliko Dangote, Nigeria’s most successful businessman and the richest person in Africa, is about to bring online a $20bn oil refinery outside Lagos that could transform the continent’s biggest economy. Nigerian billionaire Aliko Dangote faces accusations of unfair practices and a struggle to secure crude …

The naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by 46.77 per cent. This is a 13.78 per cent decline from the N840.53/$ the naira closed trading on Wednesday according to data from the FMDQ Securities Exchange. Also, the turnover …

The PH Oil and Gas FTZ Command of the Nigeria Customs Service announced a revenue collection exceeding 22 billion naira over the past 10 months. Customs Area Controller, Comptroller Abubakar Umar, shared this achievement on 21 November 2023 at the Nigeria Customs Service PH Oil and Gas FTZ Command, Marble …

“The activities of Liberty Oil and Gas Free Zone (LOGFZ) are in line with President Tinubu’s ambitious agenda of Substituting import with Export “ These were the words used by the Managing Director and Chief Executive Officer of the Oil and Gas Free Zones Authority (OGFZA), Bamanga Usman Jada to …

The FCT Minister, Mr. Nyesom Wike and the Chairman of Daewoo Engineering and Construction, Jung Won Ju, yesterday held talks on the prospect of investing in the tourism sector by citing a five-star hotel in Abuja. Jung was accompanied on the visit by the Managing Director, Daewoo E&C Nigeria, Taewon …

President Bola Ahmed Tinubu has unveiled the N1 billion International Centre for Innovation and Entrepreneurship donated to University of Maiduguri by Abdul Samad Rabiu Africa Initiative. Unavailing the edifice situated in the heart of the varsity, on Saturday, Vice-President Kashim Shettima, who represented Tinubu, described the donation as “service to …

The Federal Ministry of Industry,Trade and Investment is engaging stakeholders to develop a “strategic blueprint” to align with the “Renewed Hope” agenda of the Tinubu Administration and propel the nation towards greater economic prosperity. Dr. Doris Uzoka-Anite, the Minister for industry, trade and investment announced the start of work on …

The National Council on Investment, Trade and Industry has issued eight key approvals to help promote and provide guidelines for the investment-trade-and-industry sector of the country’s economy. The approvals were granted at the 15th meeting of the council in Katsina in the first week of November—and published in a communique …