The Nigeria Export Processing Zones Authority (NEPZA) has vowed to call up contract bonds from contracted companies that decided to willfully prolong execution of assigned projects with the hope of triggering `variation clause’. Prof. Adesoji Adesugba, Managing Director of the Authority, dropped the hint in Abuja after receiving Report of the NEPZA 2017-2021 Capital Projects…
Invest in the USA (IIUSA) and Abuja Chamber of Commerce and Industry (ACCI) are set to host an information series on EB-5 investment visa for Nigerians that would want to take advantage in investing in the United State of America. About 80 percent investors from four countries; China, South Korea, Taiwan and the United Kingdom…
•As international court says no reasons to stop arbitration The International Court of Arbitration administered by the International Chamber of Commerce (ICC), Paris, France has affirmed the legal and beneficial ownership of Sunrise Power and Transmission Company Limited (SPTCL) in the $5.8 billion Mambilla hydro-electric power project. Sunrise and its Chairman/Chief Executive Officer, Leno Adesanya…
BEIJING, Oct. 16 (Xinhua) — The presidium of the 20th National Congress of the Communist Party of China (CPC) held its first meeting at the Great Hall of the People on the afternoon of October 15. Xi Jinping was present and delivered an important speech. Presided over by the congress’ secretary-general Wang Huning, the meeting…
UNCTAD and the African Continental Free Trade Area (AfCFTA) Secretariat have signed a memorandum of understanding to boost their joint efforts to promote regional integration and inclusive growth in Africa. The heightened partnership will enable UNCTAD to work closely with the AfCFTA Secretariat, African member states, regional economic communities, the business community and strategic development…
Abuja Chamber of Commerce and Industry (ACCI) lauded the election of Oluwasoromidayo George as the chairman of Manufacturer Association of Nigeria Export Trade Group (MAN) Export Trade Group). The Director General ACCI, Dr Victoria Akai in a congratulatory message issued on behalf of the Chamber stated that the election of Oluwasoromidayo would bring great developments…
The Real Estate and Construction Expo (RECON EXPO 2022) is the leading exhibition on Housing, Construction and Environment in Nigeria designed to meet the economic interest of participants and advance the economic development of Nigeria through private and public Sector Investments in Housing and Infrastructure. The RECON 2022 with the theme, “Building Wealth Through Investment…
Monetary and fiscal policy moves in advanced economies risk pushing the world towards global recession and prolonged stagnation, inflicting worse damage than the financial crisis in 2008 and the COVID-19 shock in 2020, UNCTAD warns in its Trade and Development Report 2022. According to the report, rapid interest rate increases and fiscal tightening in advanced economies…
Abuja Chamber of Commerce and Industry (ACCI) has called on Governor Yahaya Bello of Kogi State to direct a truce and dialogue between the Kogi State Assembly and the management of Dangote Cement at Obajana to protect the image of the state as an investment destination. In a statement issued by its Director General, Dr…
Abuja Chamber of Commerce and Industry has called on Governor Yahaya Bello of Kogi state to direct a truce and dialogue between the Kogi State Assembly and the management of Dangote Cement at Obajana to protect the image of the state as an investment destination. In a statement issued by its Director General, Ms Victoria…
