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Nigeria Unlocks Online Portal for Investors

Nigeria Unlocks Online Portal for Investors The Federal Government of Nigeria has launched an up-to-date online portal, `iGuide Nigeria’, containing necessary information and relevant data for willing investors. The Minister of Trade and Investment, Mr Okechukwu Enelamah, at the launch in Abuja on Thursday, said the...

FEC Approves Tax Holiday for Pioneer Industries

The Federal Executive Council (FEC) has approved tax holiday for 27 pioneer industries under the Industrial Development Income Tax Relief Act. The Minister of Industry, Trade and Investment, Okechukwu Enelamah, made the disclosure to State House correspondents at the end of a meeting of the...

Enelamah: BoI Disbursed N66bn to SMEs in 2016

The Bank of Industry (BoI) recorded its most impressive performance in 2016 by posting double-digit growths in almost all aspects of its operations with about N66 billion disbursed to hundreds of small, medium and large scale businesses. This was disclosed at the 57th annual general...

FG Increases Tariff on Imported Tomato Concentrate to 50%

The Federal Government on Tuesday announced a new policy for tomatoes by raising the tariff on imported tomato concentrate to 50 per cent. The government also imposed additional levy of $1,500 on each metric tonne of tomato concentrate imported into the country. Before now, the tariff...

Nigeria, Germany to Improve Trade Ties

Nigeria together with some African countries would seek to improve trade and investment ties with German at Germany-Africa Business Forum slated to hold at Frankfurt on March 23. This is contained in a statement posted on the Germany-Africa Business Forum website and accessed by the...

NSIA Investment in NCX to Revitalize Operations

The Minister of Industry, Trade & Investment, Dr. Okechukwu Enelamah has said that the proposed strategic investment in the Nigeria Commodity Exchange (NCX) by the Nigeria Sovereign Investment Authority (NSIA) is aimed at revitalizing the operations of the Exchange to make it more responsive...