Oil and Gas Free Zones Authority Nigeria

Business

NIGERIA STILL A DESTINATION FOR INVESTORS – IMF

By Ofonime Iboro The International Monetary Fund said on Wednesday that Nigeria is still a destination for investors. The Senior Financial Sector Expert, Debt and Capital Market Instruments Divison, Monetary and Capital markets Department, Miriam Tamene, said this in a statement issued to Securities and Exchange Commission’s management in Abuja. Tamene said this when she led a team on a ...

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NEW FREE ZONE DEVELOPER, NOTORE TARGETS $5BN FDI, 15000 JOBS

The Oil and Gas Free Zones Authority (OGFZA) has conferred the Oil and Gas Free Zone Developer status on Notore Chemical Industries Limited, following the company’s satisfactory compliance with the requirements for a free zone developer licence. At the licence presentation ceremony in OGFZA’s office in Abuja on Monday, the managing director of OGFZA, Mr Umana Okon Umana, said government ...

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Stanbic IBTC Retains AAA National Fitch Ratings

Stanbic IBTC Bank PLC and its holding company, Stanbic IBTC Holdings PLC, have retained their AAA national ratings by Fitch Ratings, the global leader in credit ratings, reaffirming their strong fundamentals and stability, especially the ability to meet their financial commitments as they fall due. In the report issued yesterday, Monday, November 27, 2017, the two institutions recorded AAA(nga) national ...

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NIGERIAN CONTENT BOSS BACKS DOWNWARD REVIEW OF FREE ZONE TARIFFS

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engineer Simbi Wabote has thrown his weight behind the move by the Oil and Gas Free Zones Authority (OGFZA) to reduce tariffs and cut the cost of doing business in the nation’s Oil and Gas Free Zones. Speaking during the week when the Managing Director of OGFZA, Mr ...

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Our Disagreement With Intels Is On Operational Matters, Not Politics – Umana

INTERVIEW In recent times, the management of Nigeria’s oil and gas logistics giant and port concessionaire, Intels Nigeria Limited (INL) has been tackling the country’s Oil and Gas Export Free Zone Authority (OGFZA) over refusal to renew its licence, alleging that the action of the Authority has something to do with politics of 2019. But in this exclusive interview with ...

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Why Intels’ Sister Firms Lost Work Visas – FG

ABUJA — Contrary to insinuations that the Federal Government cancelled the work permits of expatriate workers of Intels and its affiliates, government, yesterday, provided evidence to prove that the action had no political undertones.   INTELS   According to government, the action was based strictly on extant laws guiding operations of the nation’s Export Free Zones.   Documents exclusively obtained ...

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