Oil and Gas Free Zones Authority Nigeria

Business

Economic Reforms: $84bn Investments Recorded in 18 Months — Osinbajo

An update received from the office of the Vice President of Nigeria on the state of foreign investment inflow into the economy has indicated that about $83.9 billion worth of investments were announced between January 2017 and the end of the first quarter of 2018. The report titled, “2018 Making Business Work”, evaluated government’s efforts in improving the business environment ...

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NLC SEALS MTN OFFICES IN CALABAR

By Ofonime Iboro The Nigerian Labour Congress (NLC) has sealed the premises of telecommunications giant, MTN, over the company’s alleged ill-treatment of her staffs in MTN Etta Agbor office, Calabar and other offices in Cross River State.

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Exporters Hail OGFZA for Ranking Best on Ease of Doing Business

The Association of Nigerian Exporters has commended the leadership of the Oil and Gas Free Zones Authority (OGFZA) on the performance of the parastatal in the 2018 ranking by the Presidential Enabling Business Environment Council (PEBEC) on the Ease of Doing Business in Nigeria. Director-general of the association, Prince Joseph Idiong, said “the ranking of OGFZA by PEBEC as the ...

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OGFZA LEADS IN EASE OF DOING BUSINESS RANKING

The Oil and Gas Free Zones Authority (OGFZA) has come first in Federal Government’s report on Ease of Doing Business Executive Order (EO1), as one of the most innovative strategic initiatives to deliver quick and pragmatic changes for Nigerians. OGFZA beat all ministries, departments and agencies (MDAs) with 94 per cent, followed by the Federal Ministry of Foreign Affairs (FMoFA), ...

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Nigeria’s Free Zone Incentives Thrill Global Investment Conference

A presentation by the managing director of Nigeria’s Oil and Gas Free Zones Authority (OGFZA), Mr Umana Okon Umana, at the ongoing ‘Africa Trade and Investment Global Summit’ in Washington, DC, USA, has stimulated strong interest in the incentives offered to investors in Nigeria’s oil and gas free zones. Speaking as a member of the summit’s discussion panel on ‘Investing ...

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OGFZA IS ON COURSE TO ACHIEVING ITS MANDATE—TIMIPRE SYLVA

The Governing Board of the Oil and Gas Free Zones Authority (OGFZA) has commended the executive management of the agency for effective leadership. The chairman of OGFZA’s board, Chief Timipre Sylva, former governor of Bayelsa State, said during the inaugural meeting of the Board of the agency at the Oil and Gas Free Zone, Onne, Rivers State, that the Managing ...

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FIRSTBANK CEO, ADESOLA NAMED AFRICAN BANKER OF THE YEAR

Dr. Adesola Adeduntan, the Managing Director/CEO of First Bank of Nigeria Limited & Subsidiaries, has been named the African Banker of the Year in the African Leadership Magazine Persons of the Year Award which took place in Johannesburg, South Africa on Saturday, February 24, 2018. He was also inducted into the African Leadership CEOs Hall of Fame at the event. ...

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CBN BEGINS DISBURSING 5, 10, 20 AND 50 NAIRA NOTES TO TRADERS

By Ofonime Iboro The Central Bank of Nigeria (CBN) has started the distribution of smaller naira notes to traders in order to improve the circulation of N5, N10, N20 and N50 in the market. According to the acting Director, Currency Operations Department, CBN, Priscila Eleje, the campaign was targeted at the informal sector, especially traders in markets with the aim ...

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EXPORTERS WANT MODULAR REFINERIES IN FREE ZONES

The Association of Nigerian Exporters (ANE) has called for the establishment of modular refineries in the nation’s oil and gas free zones. Speaking during a courtesy call on the managing director of the Oil and Gas Free Zones Authority (OGFZA), Mr Umana Okon Umana, in Abuja, the president of ANE, Chief Sunny Jackson Udoh explained that locating modular refineries in ...

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