Category: ECONOMY & INDUSTRY

Nigerian ports

For a country trying to diversify its exports and foreign exchange earnings, Nigeria’s seaports are seriously deficient. According to the Nigerian Ports Authority (NPA), the country has six seaports: Apapa and Tin Can in Lagos, the Onne and Port-Harcourt ports in Rivers State, the Warri Port, and the Calabar Port. But, by many accounts, only […]

NIGERIA: IMPORT DUTIES & LEVIES, REDUCES MINIMUM TAX

STATE HOUSE PRESS RELEASE | OFFICE OF THE VICE PRESIDENT *FG PRESENTS 2020 FINANCE BILL TO NEC:* *PROPOSED LEGISLATION SLASHES IMPORT DUTIES & LEVIES, REDUCES MINIMUM TAX, EXEMPTS SMALL BUSINESSES FROM TETFUND, OTHERS.* *Raises compensation exemption threshold, qualifies software acquisition for capital allowance Following Wednesday’s approval by the Federal Executive Council (FEC), the 2020 Finance […]

Evolution of light vehicles

  The Iveco Daily is a large light commercial van produced by the Italian automaker Iveco since 1978; it was also sold as the Fiat Daily by Fiat until 1983. Unlike the more car-like unibody Fiat Ducato, the Daily uses a separate ladder frame typical of heavier commercial vehicles. The Daily is the longest-running vehicle of the Iveco production and in over 40 years have sold over 3 million examples. Today it […]

African brands

Despite optimism for Africa’s economic recovery and with GDP growth projected at 4% in 2019 by the African Development Bank, the number of African brands in our ranking have declined by 18% in Brand Africa 100’s 2019 ranking of the top 100 Most Admired Brands in Africa. Brand Africa 100 is a valuation and ranking […]

NIGERIA: monetary policy

The Gross Domestic Product (GDP) in Nigeria was worth 448.10 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Nigeria represents 0.37 percent of the world economy.   The Central Bank of Nigeria unexpectedly slashed its monetary policy rate by 100 bps […]

AUTOMOTIVE IN AFRICA

Experience has shown that the total supply chain for the automotive industry can be located across many economies. This is even more the case in economic blocs such as the EU where barriers to trade are reduced and logistics systems improved. As Africa starts in earnest a similar process of reducing trade barriers and improving […]

Understanding the business opportunities in the Nigerian maritime industry

1. What are the primary laws applicable to the maritime industry in Nigeria? The primary laws applicable to the maritime industry in Nigeria are: The Merchant Shipping Act 2007; the Coastal and Inland shipping (Cabotage) Act 2003; the National Inland Waterways Act, N47 Laws of the Federation of Nigeria (LFN) 2004; the Nigerian Maritime Administration […]

PADOAN – metal tanks

We are an italian company specialist in metal tanks for industrial vehicles and machineries. All of the operative and strategic areas are based on the Italian headquarter on the north-east of Italy. With an experience of more than 80 years, today we can count on a Group of 4 companies: Padoan Srl, the Italian HQ; […]

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