Chinese Firm To Invest $1bn in Nigeria’s Sugar Industry
Oluwakemi Kindness The National Sugar Development Council (NSDC) has signed a major Memorandum of Understanding (MoU) with SINOMACH, a Chinese conglomerate, for the development of a sugarcane cultivation and processing project capable of producing one million metric tonnes of sugar in the country. The MoU, which is an early fruit of the Nigeria-China Strategic Partnership-an […]
IWD; NEPC, ITC To Host Hershowcase 2025
Oluwakemi Kindness The Nigerian Export Promotion Council (NEPC) in collaboration with the International Trade Centre (ITC), is set for the HerShowcase 2025 in Abuja, Nigeria, under the framework of the United Kingdom (UK) Government-funded SheTrades Commonwealth+ Programme. This landmark event, themed “Trading Beyond Borders,” aims to support women-led businesses (WLBs) to increase their participation in […]
Suspend Fee Hike, FCCPC Tells MultiChoice
Oluwakemi Kindness The Federal Competition and Consumer Protection Commission (FCCPC) has directed MultiChoice Nigeria, the operator of DStv and GOtv, to maintain its current subscription prices pending the conclusion of an ongoing investigation into the company’s proposed tariff adjustment. FCCPC disclosed this in a statement on Thursday by its Director of Corporate Affairs, Ondaje Ijagwu. […]
CBN Approves CFA For Export Proceed Repatriation says NEPC
Oluwakemi Kindness The Nigeria Export Promotion Council, NEPC on Friday announced the CBN’s approval of CFA to be captured on the NXP forms for the repatriation of export proceeds. This is as the Council puts non-oil performance in 2024 at $5.456 billion, despite economic realities and the global economic downturn. Executive Director, NEPC, Nonye Ayeni, […]
Nigeria Imports $19M Worth Of Motorcycle Spare Parts Yearly
By Oluwakemi Kindness The National Automotive Design and Development Council (NADDC), says Nigeria spends nineteen million dollars yearly on the importation of motorcycle spare parts. Director-General, NADDC), Joseph Osanipin, who stated this at the Council’s 2024 end-of-year media briefing in Abuja, harped on the urgent need to reduce the country’s dependence on imported parts […]
Ponzi Scheme Operators to Get 10years Jail Term as Senate Passes SEC’s Repeal Bill
By Oluwakemi Kindness The Director General, Securities and Exchange Commission SEC, Dr. Emomotimi Agama, says the bill repealing the commission’s act stipulates harsher penalties on Ponzi scheme operators, mandating a minimum fine of N20 million or up to 10 years in prison, or both. Dr. Agama who spoke on the sidelines of the passage of […]
FIRS staff celebrate Chairman over enhanced welfare package
By Oluwakemi Kindness The Executive Chairman of the Federal Inland Revenue Service, FIRS, Zacch Adedeji on Thursday was received by jubilant workers who had assembled at the agency’s headquarters at Sokode Crescent, Wuse Zone 5, Abuja, to appreciate him for his numerous welfare packages for them. As early as 8 am, the workers who said […]
Non-Oil Export: VP To Declare 3rd National Conference Open
By Oluwakemi Kindness The Vice President, Dr. Kashim Shettima (GCON) is billed to declare open the Nigerian Export Promotion Council (NEPC) 3rd National Conference on Non-oil Export. NEPC’s Executive Director, Nonye Ayeni, who stated this in a statement in Abuja on Monday, said the conference is expected to draw participants from the public and Organised […]
FCCPC Engages Discos Over Prepaid Meter Phase-Out
Oluwakemi Kindness The Federal Competition and Consumer Protection Commission (FCCPC) on Tuesday re-echoed its committed to preventing any disadvantage to consumers particularly now with the ongoing meter upgrade. This is as the commission says it is actively engaging key stakeholders, including the Nigerian Electricity Regulatory Commission (NERC), Nigerian Electricity Management Services Agency […]
NEPC, NDPC Partner to Safeguard Registered Exporters Data
By Oluwakemi Kindness The Nigerian Export Promotion Council (NEPC) and the Nigerian Data Protection Commission (NDPC) has agreed to provide a framework that will safeguard personal and corporate transactions within the exporting community. The Executive Director, NEPC, Nonye Ayeni disclosed this in Abuja while receiving in her office the National Commissioner, NDPC, Dr. Vincent Olatuniji. […]