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NECA demands reversal of new import levy

By Esenvosa Izah The Nigeria Employers’ Consultative Association (NECA) has demanded a reversal of the four per cent charge on the Free on Board (FOB) value of imports by the Nigeria Customs Service (NCS). NECA’s Director-General, Mr Adewale-Smatt Oyerinde, made the call in a statement on Sunday. The News Agency of Nigeria (NAN) reports that […]

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IFC invests $50m in Lagos Free Zone to support Nigeria’s industrial growth

By Rukayat Moisemhe Lagos, Feb.7, 2025(NAN) The International Finance Corporation (IFC) has announced an equity investment of 50 million dollars in the Lagos Free Zone Company (LFZ) to support Nigeria’s industrial growth and economic diversification. Dahlia Khalifa, IFC Regional Director, Central Africa and Anglophone West Africa, made this known at an official signing on Friday […]