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Tuesday, 12 September 2017 15:54

FG Approves Concession of Lagos, Abuja Airports

The Federal Executive Council (FEC) has approved the concession of the Murtala Muhammed International Airport and Nnamdi Azikiwe International Airport, Vice-President Yemi Osinbajo disclosed yesterday.   The vice-president made this disclosure at the quarterly parley of the government and private…
The Nigeria Customs Service and the Nigeria Export Processing Zones Authority (NEPZA) have set up a technical committee to harmonise their operations at Free Trade Zones across the country. The committee was set up yesterday in Abuja by the two…
The President of Manufacturers Association of Nigeria, MAN, Dr. Frank Udemba Jacobs, has described the LADOL Free Zone as a haven for investment and job creation. Speaking during a facility visit to the company, he commended the company for its…
Tuesday, 15 August 2017 11:08

Total’s Egina FPSO reaches 98%

The construction of Total Exploration and Production Nigeria Limited’s $3.3 billion Egina floating production, storage and offloading, FPSO, vessel has reached 98 per cent, thus raising hope for the completion of $16 billion Egina project. Investigations, weekend, showed that many…
The United States Trade Development Agency (USTDA) has provided $797,343 initial funding for the take-off of Eko Petrochemical and Refining Company Limited. USTDA representatives led by its acting Director, Thomas R. Hardy and the owners of the $250million Eko Petrochemical…
The Minister of Industry, Trade and Investment, Mr. Okechukwu Enelamah, has frowned at the unnecessary bureaucracy and bottlenecks enthroned by the Nigerian Customs Service (NCS) in dealing with investors at the Calabar Free Trade Zone (CFTZ). The minister, who was in…
Despite all the hype, the Tolaram Group, an international private consortium and promoters of the Lagos Free Trade Zone (LFTZ), has said that even as more investors are indicating interest in the massive developmental project, only four industries have commenced…
Wednesday, 02 August 2017 10:46

Lagos Logistics Base Set for Expansion

Facing an uphill battle, the privately–owned West African free zone and logistics hub Lagos Deep Offshore Logistics Base (Ladol) has been rapidly expanding over the past 15 years and has established itself as an important logistics base for international oil…
The Dangote Petrochemical Complex has been described as a strategic project that keys into the 7 Big Wins reforms of the Petroleum sector, of the Federal Government. This is particularly in the area of gas revolution and refinery and local…
Tolaram Group, promoter of Lagos Free Trade Zone and Lekki Deep Seaport projects, has extended its hunt for fresh foreign direct investment (FDI) into the multi-billion projects in the Ibeju-Lekki axis of Lagos State, to companies in Singapore. The infrastructural…
The Nigeria Export Processing Zones Authority, NEPZA, yesterday, said it had commenced investigation into the petroleum products tank farm explosion at the Calabar Free Trade Zone, while it vowed to prosecute any individual or organisation found culpable.  In a statement…
The Managing Director of Nigeria Export Processing Zones Authority (NEPZA), Emmanuel Jime, has said the majority of Nigerians, including sister-government agencies, do not understand the concept of Free Trade Zones (FTZs), pointing out that only a massive public awareness programme…
The newly appointed Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Mr. Emmanuel Jime, has commended the management of Nigeria’s first privately owned free zone, Snake Island Integrated Free Zone (SIIFZ) and leading indigenous energy services provider, Nigerdock,…
The managing director, Nigeria Export Processing Zones Authority (NEPZA), Hon. Emmanuel Jime, yesterday said the Calabar Free Trade Zone (CFTZ), has attracted over 11,000 direct and indirect employment in Cross River State, since inception. This is even as the state…
Newly appointed managing director of Nigeria Export Processing Zones Authority (NEPZA), Emmanuel Jime, will tomorrow continue with his fact-finding/familiarisation of tours of Free Trade Zones (FTZs) in the country. Jime, who had earlier toured some FTZs in the Lagos axis…
The Lagos Deep Offshore Logistics (LADOL), has disclosed that it is investing in a gas fired power plant, which will be built in phases. The Managing Director, LADOL, Amy Jadesimi, dropped the hint during a tour by a team from…