Nigeria: Senate to Establish Bitumen Training Institute in Ondo

    The Senate on Wednesday began the process of establishing a bitumen training institute in Ode Aye in Ondo State. The Vanguard reports that Bitumen Training Institute Ode Aye, Ondo State (Establishment) Bill, 2021 ( SB.663) sponsored by Senator Nicholas Tofowomo, Peoples Democratic Party, PDP, Ondo South was introduced today and read the first […]

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Nigeria:   Govt moves to tax Malts , carbonated drinks 

  By Franklin Alli   ” One of the reasons for us to tax carbonated drinks is that, if we tax alcoholic beverages and tobacco because they are injurious to our health, carbonated drinks, with the content of sugar, are equally injurious to our health.” The Controller-General of the Nigeria Customs Service (NCS), Col. Hameed […]

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NESG says infrastructure deficits may hinder Nigeria from AfCFTA benefits

  By Henry Daniel ” So for us to gain from the African Continental Free Trade Area Agreement (AfCFTA), we need to adopt what is called “Value Chain Development; already we are investing less than ten percent yearly in what we are supposed to invest in infrastructure. So the structure is very poor. Investors would […]

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Investors put BPE, Transactions Adviser on hot seats over LITFC, TBS concession issues

  By Franklin Alli   During the recently held National Council of Privatisation Investors Webinar for the concession of Lagos International Trade Fair Complex (LITFC), and the Tafawa Balewa Square (TBS), organized by the Bureau of Public Enterprises (BPE), potential investors in the facilities, voiced their concerns over some issues with the previous concessions, among […]

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LCCI may emerge as the preferred concessionaire for TBS

  By Franklin Alli    There is a strong indication that the Lagos Chamber of Commerce and Industry ( LCCI) may likely emerged as the preferred concessionaire in the ongoing concession exercise of the Tafawa Balewa Square, TBS, one of the iconic trade and entertainment exhibition centers in Nigeria. Although, the chamber had not officially […]

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Nine African nations on track to join solar ‘gigawatt club’

  Algeria emerging as the continent’s third ‘solar champion’ after South Africa and Egypt Down-to-earth.org.in reported that of the 37 countries that are part of the solar ‘gigawatt club’, only two — South Africa and Egypt — are from Africa. But this might change soon with nine more African countries ramping up solar capacity, said […]

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Cadbury Nigeria rewards Bourn Factor Season 2 winners 

” Divine Promotion Nursery and Primary School in Ile-Ife, Osun State, won the grand prize of N3million. Success Foundation Academy in Abeokuta, Ogun State, which came second, won  N2million, while Potter and Clay Schools in Ilesha, Osun State, in the 3rd position, won N1 million.” LAGOS, Nigeria – Cadbury Nigeria Plc (a part of Mondelēz […]

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FDI: Investors channel USD1.5bn into Kano FTZ, as Calabar FTZ gets  USD1.4bn for upgrade 

  By Franklin Alli   “The Kano Free Trade Zone has witnessed tremendous improvement in the inflow of foreign direct investment. This year January, it attracted investments worth USD1.5 billion.” Aliu Mohammed, the Permanent Secretary, Federal Ministry of Budget and National Planning, disclosed this during the week on the occasion of the Bureau of Public […]

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Again, Nigeria seeks credible investors for Lagos trade fair complex, TBS * LASG promises 24% equity stakes 

  By Franklin Alli   “We are optimistic that the proposed transaction for a 30-year concession, renewable for another 30 years, will revitalize the Lagos International Trade Fair Complex, LITFC; and the Tafawa Balewa Square, TBS, and serve as a catalyst for transforming them into a world-class facility and bring about a great return on […]

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