BBC "Africa Business Report' Lekki Free Trade Zone
BBC "Africa Business Report' Lekki Free Trade Zone
BBC reports on Nigeria and looks at Nigeria's Economic Development with emphasis on the creation of Free Trade Zones being erected to attract foreign investors with benefits that include Tax-Free status.
BBC reports on Nigeria and looks at Nigeria's Economic Development with emphasis on the creation of Free Trade Zones being erected to attract foreign investors with benefits that include Tax-Free status.
Standard Chartered Bank, Nigeria (SCB) is fostering business relationship between African and Chinese business persons, as it recently launched its premium SME China Africa network. This provides...
By Jack Kimball Kampala - A much-heralded giant Africantrading bloc may be years in the making despite strong political will from heads of state for the three economic groups aiming to harmonise...
What's it like to live in the middle of a population explosion? James Meek reports from Lagos, bursting at the seams and soon to overtake Cairo as Africa's biggest city...
Gulf News Dubai: It will take at least seven more months before Dubai Textile City, which is already more than three years behind schedule, becomes fully functioning, the industrygroup involved in the project said. The Dh300-million commercial zone is being developed 22 km from the textile trade's bustling centre in Bur Dubai. It has modern warehouses, offices and showrooms, and most big merchants are expected to relocate their businesses to the new venue...
DubaiIndustryMarketPhotosTextile
The Guardian* Zone to spread over 16,500 hectares on edge of Lagos * China holds 60 percent of development company * Aim is to reduce Nigerian import dependence, create growth By Chijioke Ohuocha LAGOS, Sept 1 (Reuters) - Nigeria is building a multi-billion dollar free trade zone with Chinese investors on the edge of its commercial capital Lagos to try to develop a local manufacturing base and help reduce its...
Business Day OnlineNigeria's location and population make it a country of diverse economic capabilities with large investment opportunities at its sea ports. In Nigeria, most ports are owned by the Federal Government. States have had fewer stakes in the ports until recently when some state governments began investing in medium-scale ports. Private operators are also not left out of this venture, as more get involved...
Business Report By Chijioke Ohuocha|Lagos Submit your comment Nigeria is building a multi-billion dollar free trade zone with Chinese investors on the edge of its commercial capital Lagos to try to develop a local manufacturing base and help...
BBC NewsThe two countries entered into the East Africa Community Customs Union, EAC, in March 2004, along with Tanzania. However, these trading blocs are not always tariff-free. Kenya continued to pay export duties to Tanzania and Uganda for five years after the EAC union began, to compensate for the fact that it was a more prosperous, diversified economy. Other large free trade zones in Africa include...
Business Day OnlineThe Lekki Free Trade Zone (LFTZ) continues to attract more local and foreign investors as Lagos state government seeks to improve the state of infrastructural facilities in the Zone Sixty-eight firms comprising foreign and local investors with interest in diverse sectors of the economy, as at last week, were said to have so far shown strong intention to do business at the Lekki Free Trade Zone...
Business Day OnlineClearly, one of the ways that the government can hope to maintain roads is through concessioning, which allows for greater management of resources and promotes efficiency There is massive road construction work going on at the Lekki-Epe corridor at the moment, as the dual carriageway gets more lanes to ease vehicular movement. This pioneering project, which is the first of its kind in Nigeria,...
This DayResidents of Lekki area of Lagos yesterday protested the collection of toll levy by the Lekki Concession Company (LCC) along the Lekki Expressway as Governor Babatunde Raji Fashola (SAN) commissioned the administrative complex at the Lekki Free Trade Zone (LFTZ) The protesters carried placards with the inscription, "No toll gates, no fencing", blocked the expressway and in the process engendered...
Business Day OnlineTrade and commerce are essential measuring tools of the heartbeat of any economy. The harsh economic environment in Nigeria is a potential threat to the health of the Nigerian economy. Many industrial concerns have shut down because of rising and crushing overheads. Social shortfalls like congested ports, bad roads, traffic jams leading to wasted man hours as containers are conveyed from...
Business Day Online…refinery to cost $8bn The Lagos State government and the Nigerian National Petroleum Corporation (NNPC) in collaboration with a consortium of Chinese investors known as ChinaState have sealed a deal for the establishment of a new refinery with the capacity to produce 300,000 barrels of crude oil per day under a public-private partnership (PPP) arrangement within the Lekki Free Trade Zone (LFTZ)....
Business Day OnlineChinese investors proposing to finance the 750,000 barrel per day green refineries in Nigeria will begin discussions today with the Lagos State Government. The discussions between the Chinese and the Lagos State Government is in part to determine where a 300,000 barrels per day refinery is to be set up in Lekki Export processing Zone before moving to other parts of the country where the other two...
This DayA deal to establish a refinery capable of producing 300,000 barrels of crude oil per day has been sealed between the Lagos State Government, the Nigerian National Petroleum Corporation (NNPC) and a consortium of Chinese investors known as China State Construction Engineering Corporation Limited. The deal was revealed yesterday during the joint visit of the NNPC, the Chinese company, officers of...
Business Day OnlineWithin two years of independence, Nigeria had made giant strides in every aspect of national life. There was constant supply of electricity, potable water system, good roads and security was assured. In the area of health and social services, more hospitals were built and indigenous doctors were trained to cater for the health of the nation's growing population. It was indeed two years of economic...
China DailyNigeria and China have signed an agreement to build the West African nation's biggest oilrefinery at a cost of $8 billion, ThisDay reported, without saying where it...
Business Day OnlineLekki Port located at the Lagos Free Trade Zone (LFTZ) has named Louis Berger Group Inc., USA as its project management consultant. Louis Berger Group, a global leader in port and marine project consultancy, will be in charge of...
This DayThirty five foreign and local investors have signed Memoranda of Under-standing (MOUs) with Lagos State Government to invest $1.496 billion in the Lekki Free Trade Zone, according to a recent Growth and Employment Report (GER) on Nigeria by World Bank Country Office, Abuja. Five companies account for 64 percent or $955 million of the planned investment. These are Telsy Energy Consulting &...
Yahoo Daily NewsLAGOS (AFP) – China has signed a deal to build an eight-billion-dollar refinery in Nigeria, a government official said on Tuesday, in a fresh example of Beijing's aggressive investment in Africa. The agreement also highlights Nigeria's lack of fuel and electricity despite being one of the world's largest oil producers, with the country's...
This DayThe Economic and FinancialCrimes Commission (EFCC) at the weekend, said it had sealed off 104 properties and confiscated shares in 77 companies belonging to the sacked Managing Director of Oceanic Bank Plc, Mrs. Cecilia Ibru. The anti-graft agency, however, warned that it is an offence punishable under Section 32 of the EFCC Act 2004 with imprisonment for a term of five years without an option of...
Business ReportJohannesburg - As part of the greater FirstRand group's international strategy, Rand Merchant Bank is now looking to expand its footprint into Africa by having a physical presence in a few select countries, the investment bank said on Wednesday. "We have identified parts of Africa as high-growth areas," said RMB Africa head Leslie...
Business Day OnlineThe Nigerian National Petroleum Corporation (NNPC) and the Chinese State Construction Engineering Corporation (CSCEC) have taken a major leap towards realising the $28.5 billion Greenfield refineries to be established in the country as they executed a Memorandum of Understanding (MoU) for the establishment of three Greenfield refineries and one petrochemical complex. The two parties will seek an...
Business Day Online•One each in South West, N/Delta, North Central Plans are in the pipeline by the Nigerian National Petroleum Corporation (NNPC) and three other oil firms to set up three new refineries in the country. Two of them will be crude oil refineries to be located in the South West and the Niger Delta respectively, while the third, a gas refinery, to be situated in the North Central Zone, would leverage on...
This DayI was in London early last year when Project Finance International named the 50 Km Lekki-Epe Expressway Project as a worthy development model. The project alongside a power project in Southern Africa had won international recognition and awards in the public private partnership category. I felt a good sense of pride about Nigeria and thought it was truly remarkable that local and international...
Modern GhanaWhile more and more people are realising that hip-hop is an international music form which can be found in every part of the world, R'n'B on the other hand is still associated predominately with American superstars, such as R Kelly and Usher. But it's now time to welcome a hot, new talent to the emerging African R'n'B scene, already being hailed as the...
Rig ZoneTSMarine (Contracting) Ltd. has announced it is expanding into Lagos, Nigeria to capitalize on subsea development opportunities in West Africa. TSMarine has signed a joint venture agreement with a Nigerian company GulfEnergy Resources in Lagos. The new company, known as TSMarine (Contracting) Nigeria Ltd., has opened its office in the fast growing Lekki district of Lagos....
This DayThe construction of the Lekki express road has been received with mix feelings. While some jubilate that development is coming to their doorsteps, others are not, wondering why tolls should be paid by road users. Agha Ibiam write In response to the wider yearnings of Lagosians for improved quality of life, the current administration is of the view that a participatory approach between public and...
