Oil and Gas Free Zones Authority Nigeria

Business

Federal Senior Employees Laud OGFZA on Ease of Doing Business Ranking

The Senior Staff Association of Statutory and Government-owned Companies in Nigeria have congratulated the Oil and Gas Free Zones Authority (OGFZA) for earning top ranking as the best Federal Government agency in the implementation of the Ease of Doing Business policy. OGFZA was honoured recently with the ranking plaque at a high profile ceremony in the Presidential Villa chaired by ...

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Examining Stanbic IBTC vis-à-vis Banking Industry Compliance and Corporate Governance Practices

At a recent function in Abuja, the Managing Director/CEO of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, delivered a lecture where he revealed that there has been a consistent decline, over the past three years, in the recorded rate of successful fraud incidences, thefts and forgeries in the banking industry. Specifically, Ibrahim said such cases had declined by ...

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OGFZA IS FIRST ON EASE OF DOING BUSINESS IN NIGERIA

  The Oil and Gas Free Zones Authority (OGFZA) has emerged first in the Federal government’s Ease of Doing Business initiative. The oil and gas free zones regulator bagged the award which was presented by the Presidential Enabling Business Environment Council (PEBEC). This award came after a review by PEBEC which evaluated implementation of the Ease of Doing Business initiative  ...

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NIGERIA IS NO1 RICE PRODUCER IN AFRICA

Nigeria has overtaken Egypt as the largest rice producer in Africa, Director-General,Africa Rice Center, Benin Republic, Dr Harold Roy-Macauley has said . Roy-Macauley, told The Nation that Nigeria is now the largest rice producer at 4 million tonnes a year. Egypt was producing 4.3 tonnes annually but production has reduction by almost 40 percent this year, attributed to the Egyptian ...

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AMCON TO SELL POLARIS BANK AFTER 2019 ELECTIONS

Asset Management Corporation of Nigeria (AMCON) says Polaris Bank will be put up for sale after the 2019 elections. According to Reuters, this was disclosed by Jude Nwauzor, the AMCON spokesman, on Tuesday. Speaking on plans for the sale of the bank, Nwauzor said: “The election season has slowed down things. We would advertise for expressions of interest from investors ...

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DIAMOND BANK ISSUES STATEMENT REGARDING TAKEOVER BY ACCESS BANK

Statement Regarding Scheme To Merge With Access Bank The Board of Diamond Bank Plc (“Diamond Bank”) today announces that following a strategic review leading to a competitive process, the Board has selected Access Bank Plc (“Access Bank”) as the preferred bidder with respect to a potential merger of the two banks (“the merger”) that will create Nigeria and Africa’s largest ...

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TOYOTA UNVEILS COROLLA OF THE FUTURE

2020 Toyota Corolla: More Style, More Power, More Safety Toyota has unveiled the 2020 version of the Corolla designed to shed its image as a second class car maker. Wrapped in sheet metal, the 12th-generation Corolla sedan rides on Toyota’s New Global Architecture, otherwise known as TNGA. This scalable platform which is already featured in other Toyota products such as the ...

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OGFZA, Eko Support Free Zone Seal Management Deal

The Oil and Gas Free Zones Authority (OGFZA) and Eko Support Oil & Gas Free Zone have signed a set of agreements to manage the free zone as a public-private partnership and develop its infrastructure base to global standards to attract foreign and domestic investments. Eko Support Oil and Gas Free Zone, based in Apapa within the Lagos port complex, ...

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NIGERIA MOVES UP 10 PLACES TO 115TH IN GLOBAL COMPETITIVENESS INDEX

Nigeria has moved up 10 places to rank 115th in this year’s Global Competitiveness Index (GCI 4.0). The global competitiveness report is a publication of the world economic forum which ranks 140 countries in their level of global competitiveness. Indices considered for the ranking include enabling environment, human capital, markets and innovation ecosystem. GCI 4.0 looks at the level of ...

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SENATE APPROVES FG’S REQUEST TO RAISE MORE FOREIGN CAPITAL

The Nigerian Senate has approved the federal government’s  request to raise more foreign capital to the tune of $2.786bn from the international market. The plan had been approved in the 2018 Appropriation Act. The lawmakers also approved the external capital raising of 82.54 million dollars to refinance the balance of 500million dollars matured Eurobond in the international market. Chairman of ...

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