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...
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.
FG targets fresh 190 investors from 40 nations
The Federal Government is targeting to get fresh investments from over 190 investors from 40 countries in key sectors of the economy.
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....
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.
More on the ‘modified’ pioneer status law
Criticising the Nigerian government, as I do very often, is an easy job - all you have to do is wake up in the morning and the government is guaranteed...