U.S. Consul General, Will Stevens’ has stated that 80 U.S. companies operating in Nigeria collectively pay billions of naira in taxes, create thousands of direct and indirect jobs, and directly support various socioeconomic programmes that improve the lives of Nigerians. Stevens, who made the declaraÂtions in his keynote address theme: ‘The Ro...
•Dollars The Central Bank of Nigeria (CBN) has stopped international oil companies from repatriating 100% foreign exchange proceed to their mother companies overseas. The Director of Trade and Exchange Department at the apex bank, Hassan Mahmud, made this known in a circular dated February 14, 2024. … developing storyÂ
•Blinken and Tinubu The US Secretary of State Anthony Blinken has assured of the country’s companies’ readiness to partner with and invest in the Nigerian economy. Blinken, who is on an African tour, made the remark in Abuja during his visit to President Bola Tinubu at the Presidential Villa, reports Channels TV. “American entrepreneurs and [&...
•Heineken Lokpobiri Following the mass divestment of assets belonging to some International Oil Companies (IOCs), the latest being Shell Petroleum Development Company (SPDC) Onshore and Gas Assets Limited, the Minister of State, Petroleum Resources (Oil), Heineken Lokpobiri, has asked worried Nigerians not to lose sleep over the matter as the ...
•Power transformers Minister of power, Adebayo Adelabu, has warned against asking residents of communities to contribute funds to buy electricity transformers and other materials on their own. Adelabu said this in a meeting with management of the Ibadan Electricity Distribution Company (IBDEC) during a facility tour in Oyo State, reports The G...
•Uk visa The United Kingdom has updated its list of companies and organizations licensed to sponsor skilled immigrants through the temporary worker immigration route. According to the updated information on its website, the latest list, updated on January 12, 2024, now includes 99,856 approved companies. It marked an increase of 31,226 compani...
Throughout 2023, Nigeria’s business environment grappled with unprecedented challenges, chiefly influenced by the complexities of an election year. Uncertainties surrounding election outcomes and policy directions led investors to adopt a cautious stance, influencing significant long-term investment decisions, reports The PUNCH. The year kicke...