Reps Probe NIPC Over N1.19bn Unapproved Spending   The House of Representatives’ Committee on Public Accounts has commenced investigation of the Nigeria Investment Promotion Commission for spending N1.19bn in the 2018 and 2019 financial years without appropriation by the National Assembly. The probe is based on an...

Buhari Reappoints Saratu Umar as NIPC Boss   President Muhammadu Buhari has approved the appointment of Hajiya Saratu A. Umar as Executive Secretary/Chief Executive Officer of Nigerian Investment Promotion Commission (NIPC) for a fresh term of five years. Hajiya Saratu Umar was first appointed to the position...

NIPC: 33 Companies Get Tax Waiver On N543.9bn Investment The Nigeria Investment Promotion Commission has waved 33 companies tax income for a particular period. This is for operating in areas new to the Nigerian economy and investing N543.88billion. The waiver was contained in the first quarter...

Fed Govt Bars 10 Firms, Grants Three-year Tax Relief To 33 Companies   The Federal Government approved the application of 33 companies seeking pioneer status under the Industrial Development Income Tax Act in 2021. This was contained in the quarterly PSI reports released by the Nigeria Investment...

NIPC Generated N11.91bn IGR In Five Years     The Nigerian Investment Promotion Commission (NIPC) generated a total of N11.91 billion as Internally Generated Revenue (IGR) between January 2016 and June 2021, it disclosed in a recent report. The report also showed that of the amount realised in...

Foreign Investors’ Interest In Nigeria Drops By 27.5% In Q1, 2021       Nigeria received about $8.4bn investment announcements as at 4th March 2021, out of which $5.46bn were pledged by foreign investors. The remaining $2.08bn was promised by domestic investors, statistics obtained from the Nigerian Investments...