The federal government recently reiterated its position on the African Continental Free Trade Area, ACFTA, saying that Nigeria is not against the pact. The Vice President, Prof. Yemi Osinbajo, who said this in a keynote at the 2018 Africa Trade Forum in Lagos, said although, Nigeria was yet to sign the agreement, the country was […]
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Companies operating in the Nigerian export processing zones could save up to 30 percent in operating cost, according to the Managing Director, Nigeria Export Processing Zone Authority (NEPZA), Mr Emmanuel Jime. Speaking on ‘Investment Opportunities in Nigeria’s Free Trade Zones’ at the June breakfast meeting of the Nigerian-American Chamber of Commerce (NACC) in Lagos, Jime, […]
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Construction work has finally commenced on Tomaro Industrial Park, which was pronounced a Free Trade Zone (FTZ) by the Federal Government in line with its effort to industrialise the nation’s economy through building of industrial clusters across the country. During the site tour with journalists yesterday in Lagos, the Chairman/Chief Executive Officer, Integrated Oil and […]
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Former President Olusegun Obasanjo has decried the failure of President Muhammadu Buhari to sign the Africa Continental Free Trade Area agreement, expressing hope that he will change his mind before it is too late. Obasanjo poured out his mind on the AfCFTA during a presidential panel, titled: ‘When Leaders Make History’ at the Africa CEO […]
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African leaders agreed on Wednesday to form a $3 trillion continental free-trade zone encompassing 1.2 billion people, but its two biggest economies, Nigeria and South Africa, did not sign up, diminishing its impact. The African Union started talks in 2015 to establish a 55-nation bloc that would be the biggest in the world by member […]
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The Managing Director, Aero Contractors, Captain Ado Sanusi yesterday said the airline will approach the federal government to grant it Free Trade Zone status to enable it effectively carry out C – check maintenance on airplanes at its facilities. Aero yesterday received certification from the Nigerian Civil Aviation Authority, NCAA, to handle C-checks on Boeing […]
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