Nigeria, Japan deepen trade relations
Nigerian and Japanese governments have set up the Japan-Nigeria Business Facilitation Council (JNBFC), to further strengthen trade and investment relations between both countries.
FG commits to sanity in business environment
The Federal Government has restated its commitment to creating an enabling environment for businesses to thrive. The government said agencies, such as the Nigerian Ports Authority (NPA) and the Nigeria Customs Service (NCS), were collaborating to eliminate unnecessary bottlenecks in businesses.
CBN signals end to official rate regime for naira
The Central Bank of Nigeria (CBN) may soon allow the naira to freely find its value, with a possible depreciation on the official rate, usually pegged at about N305/$, an update on its website has indicated. The development is signaling an end to the most criticised foreign exchange rate window, which has been used mostly…
NIPC stresses improved sub-national investment climate
The Nigerian Investment and Promotion Commission (NIPC), has stressed the need to constantly improve the business...
NIPC links own woes to poor disbursements
The Nigerian Investment Promotion Commission (NIPC) yesterday said poor budgetary allocations and releases were hindering its onerous responsibility of attracting foreign businesses into the country.
Nigeria, Canada revisit trade agreement to boost ties
The governments of Nigeria and Canada have commenced moves to revive a stalled bilateral agreement between both countries during a courtesy visit of the new Canadian High Commissioner to Nigeria, Philip Baker to the Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah in Abuja recently. Baker, who expressed delight to be in Nigeria after…
‘Economic diversification is not quick fix, but gradual, steady’
NIPC was established to encourage, promote and coordinate investments. The first part of NIPC’s mandate was to project a positive image for Nigeria as an attractive investment destination, such that when people think of investment destinations that are receptive and welcoming, Nigeria comes to mind.
Emefiele, Elumelu, IMF for market dealers’ confab
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele; Chairman of UBA, Heirs Holdings and Transcorp, Tony Elumelu; and the Country Chief, International Monetary Fund...
Eight states record 32 projects worth $17.8b in Q1 2018, says NIPC
The Nigerian Investment Promotion Council (NIPC), has said it recorded 32 projects in eight states worth over $17.8 billion investment inflows in the first quarter of 2018.It stated that this was against six projects in four states that received $6.38 billion in the first quarter of last year....
How government can save $3b yearly from steel imports substitution
By replicating policies used in the Cement and Sugar industries in the steel industry, the nation can save $3 billion yearly from the continuous importation of the commodity...
ABC, NIPC partner to attract fresh investments in Nigeria
Memorandum of Understanding ( MoU) have been signed between the Nigerian Government and the American Business Council (ABC) of Nigeria for the foraging into Nigeria for investment purposes of American- based Companies in strategic sectors of the economy.