Economists have defined economies of scale as cost advantages reaped by companies when production becomes efficient. It is with this in mind that pnly economic policies that can assist enterprises in the country’s Free Trade Zones to achieve regular increases…
Saturday, 03 September 2022 11:22

Virtual Free Zones: NEPZA, Binance in Partnership

In its drive to further deepen the country's economy, the Nigeria Export Processing Zones Authority (NEPZA) is seeking partnership with Binance and Talent City for Nigeria to harbour the first Virtual Free Zone in West Africa.    Prof Adesoji Adesugba,…
The House Committee on Commerce says the ongoing process to concession the Calabar Free Trade Zone (CFTZ) is a positive approach in unleashing the full potentials of the zone to boost the country’s economy significantly.   Hon. Richard Gbande, Deputy…
Prof. Adesoji Adesugba, Managing Director of the Nigeria Export Processing Zones Authority (NEPZA) has urged the Ondo Chambers of Commerce Industry Mines and Agriculture (ONDOCIMA) to become active partner in the economic development of Ondo State by establishing a special…
 The Nigeria Export Processing Zones Authority (NEPZA) has expressed satisfaction on President Muhammadu Buhari’s concrete steps to ensure that the administration of the country’s Free Trade Zone aligned more with the global rules and regulations guiding the scheme. Prof. Adesoji…
The Nigeria Export Processing Zones Authority (NEPZA) has secured an anchor tenant, Ash Biomedical Diagnostics Limited which is prepared to without delay invest initial 100-million-dollar capital in the production of variety of medical equipment in the freshly approved Medical/Pharmaceutical Special…
The Nigeria Export Processing Zones Authority (NEPZA) says the newly inaugurated Special Economic Zone Security (SEZSEC) outfit will cause an upsurge of investments in the zones. The Managing Director of NEPZA, Prof. Adesoji Adesugba, said this at the passing-out ceremony…
The Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba has said that the new tax pact with the Federal Inland Revenue Service (FIRS) was aimed at enhancing better understanding of the Free Trade Zones Scheme’s…
The Nigeria Export Processing Zones Authority (NEPZA) has begun training for 40 of its personnel to boost security architecture in all special economic zones in the country. The  ongoing exercise, which is being done  in collaboration with the Department of…
The Nigeria Economic Zones Association (NEZA), an umbrella body of Free Trade Zones operators and enterprises in zones has urged members of the National Assembly, Ministries, Department and Agencies (MDAs) of the Federal Government to only take actions that would…
Prof. Adesoji Adesugba, Managing Director of the Nigeria Export Processing Zones Authority (NEPZA) has reiterated that the planned concession of the country’s two public free trade zones remains Federal Government best economic approach to use the scheme to accelerate industrialisation…
Unarguably, the Federal Government changed the name of the Federal Ministry of Communications to Federal Ministry of Communications and Digital Economy in order to be in tune with global trends and reality. The World Economic Forum (WEF), predicts that by…
The management of Nigeria Export Processing Zones Authority(NEPZA) has concluded plan to nip in the bud emerging traffic gridlock arising from the operations of Pinnacle Oil & Gas FZE, one of the Free Zone Enterprises (FZE) registered in Lekki Free…
Following requests from local and international players, the Nigerian Export Processing Zones Authority ( NEPZA) is considering the launching of policy consultation with other relevant agencies on the opening up of Nigerian free zones space to blockchain tech and crypto…
The Nigeria Export Processing Zones Authority (NEPZA) says scores of prospective anchor tenants seeking to establish world class hospitals and pharmaceutical industries in the new Special Medical Free Zone in Lekki area of Lagos signal gradual end to unnecessary medical…
Following requests from local and international players, the Nigerian Export Processing Zones Authority ( NEPZA) is considering the launching of policy consultation with other relevant agencies on the opening up of Nigerian free zones space to blockchain tech and crypto…
In the bid to reposition the country’s jewelries and gemological industry, the Nigeria Export Processing Zones Authority (NEPZA) says it is on the verge of convincing the Ministry of Solid Minerals and the Gemological Institute of Nigeria to jointly adopt…
By Martins Odeh Gradually, but steadily, the grandiloquence narrations of the acclaimed outright under-performance of the Nigeria’s Free Trade Zones’ concept in the last 29 years of its adoption to drive the country’s industrialisation is been obliterated by new crop…
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