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CAC now registers foreign investors from UK, USA, China — Muhmud

THE Corporate Affairs Commission, CAC, says it has made provisions for foreign investors planning to invest in Nigeria to register their companies from UK, USA and China without coming into the country. Registrar-General of CAC,...
Sukuk fund

The 25 projects Nigerian government would be funding with its 100bn Sukuk fund

These are strategic economic road project across the country. play This is the first sovereign Sukuk bonds issuance by the Nigeria. The Federal Government of Nigeria (FGN) has released the proceeds of its first...
Nigerian economy

Three reforms expected to enhance business activities in the country.

The Presidential Enabling Business Environment Council (PEBEC) has kicked off the National Action Plan 2.0, which is aimed at increasing the global competitiveness of the Nigerian economy. The plan, tagged NAP 2.0, is the...
Grants and Loans

Is China taking advantage of Nigeria with loans and grants?

The Chinese have provided grants for major infrastructure projects, but that has only opened the doors to more sub-standard products and a trade imbalance. One of the most common Nigerian stereotypes is that you will...
Uber app news

Uber is Suing an Ad Agency for Fraud

Ride-hailing service Uber Technologies Inc. is suing an ad agency for fraud, thanks partly to a post on Breitbart News. Uber is taking Fetch Media Ltd. to court for click fraud. The company says the...
Bitcoin Cryptocurrecy

Two in court over alleged N10m Bitcoin scam

Two men, who allegedly obtained N10 million on the pretext of exchanging it for $30,000 worth of bitcoin, on Thursday appeared before a Yaba Chief Magistrates’ Court in Lagos. The accused, Ransome Ajom, 32, and...
Marginal Oil fields

Marginal Fields: What happens to the operator when an OML is revoked?

Word is out that the Federal Government of Nigeria is set to commence a new bid round for the allocation of marginal fields. Thinking about marginal fields, essentially a small area of a wider...
Oil and Gas

National Gas Policy – Series I(Governance and Industry Structure)

Background The first half of 2017 ended on a positive note with the approval by the Federal government of Nigeria (FGN), of the National Gas Policy (the Policy) which articulates Government’s medium to long-term targets...
Business in Nigeria

Business in Nigeria – current state of play

Nigeria has been ranked the nineteenth most attractive economy for investments flowing into the African continent. In 2015, it was estimated that Nigeria attracted a net foreign direct investment of US$3.1 billion. Although the Nigerian...
CBN

CBN Guidelines on Importation

In an effort to ensure the stability of Nigeria’s foreign exchange market, the Central Bank of Nigeria ( CBN ), has issued a series of circulars excluding certain goods and services from the list...