Oil and Gas Free Zones Authority Nigeria

Business

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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OGFZA, NPA PARTNER ON FREE ZONE OPERATION

The Oil and Gas Free Zones Authority (OGFZA) has opened discussions with the Nigerian Ports Authority (NPA) to forge closer ties on a range of issues from use of land in the ports where oil and gas free zones are located to strategic cooperation. The strategic engagement move between the two government agencies began during the weekend when the managing ...

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ALSCON: FG Signs Renewed Share Purchase Agreement with UC Rusal, Settles Legal Tussle with BGI Group

The Federal Government has given official recognition to Messrs UC Rusal, a Russian Company, as the core investor of the Aluminium Smelter Company of Nigeria (ALSCON) Ikot Abasi, Akwa Ibom State, following the signing of the Renewed Share Purchase Agreement between Government and the Russian company in Abuja, on Friday. The Renewed Share Purchase Agreement, was signed during a brief ...

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Stanbic IBTC Target Youths with Inaugural Youth Leadership Series

Nigeria’s leading one-stop financial services provider, Stanbic IBTC, a member of Standard Bank Group, has said it plans to deepen financial and entrepreneurial knowledge among Nigeria’s younger generations through a Youth Leadership Series. Chief Executive of Stanbic IBTC Holdings PLC, Mr. Yinka Sanni, in a statement stated that the organization has finalized plans to host the inaugural edition of its ...

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