'Four Free Trade Zones Attract $8bn Investments'   Four free trade zones have attracted a total investment of $8bn within their years of operations, contributing to local economic activity and fostering international trade relations, officials of the FTZs have said. The zones, located in Lagos State include...

NEPZA, FIRS Sign Pact On Tax Administration In Free Trade Zones   The Nigeria Export Processing Zones Authority (NEPZA) has signed a Memorandum of Understanding (MoU) with the Federal Inland Revenue Service (FIRS) for effective administration of taxes in the free trade zones. Signing the MoU on...

Free Trade Zones Contributes N29bn Tax In 2 Years - NEZA   The Nigeria Economic Zones Association (NEZA) has said the special economic zones in the country are not used for tax evasion but a source of gaining more revenue through custom duties and VAT than...

Fed Govt Suspends Issuance Of Licenses For Free Trade Zones         The Federal Government has suspended the issuance of licenses for the operation of Free Trade Zones across the country. Minister of Industry, Trade and Investment, Adeniyi Adebayo, announced the suspension on Monday at the inauguration of...

NEPZA Partners W/bank, IFC To Develop Trade Zones   The Nigeria Export Processing Zones Authority said it had entered into partnership with the World Bank and the International Financial Corporation to develop infrastructure in the Free Trade Zones across the country. The move, according to NEPZA will...

NEPZA Attracts Over $20bn Investments Into Free Trade Zones - MD   The Nigeria Exports Processing Zones Authority has attracted over $20bn fresh foreign direct investments into the nation’s economy, its Acting Managing Director, Terhemba Nongo, has said. Nongo, who said this during a workshop in Abuja,...