A team of investors have inspected facilities at the site of the proposed Export Processing Zone in Koko in the Warri North Local Government area of Delta.

HIGH-LEVEL experts from ECOWAS member states, who met in Ghana, recently, have identified priority actions to improve the implementation of the ECOWAS Trade Liberalisation Scheme (ETLS), which would reduce the costs of doing business and increase regional and international trade. The two-day meeting was co-organised by the USAID Trade Hub and ECOWAS.

Petrobras, Brazil’s oil company, has announced a long-awaited plan to invest $224.7bn over the next five years following months of battling with the government over cost-cutting.

The Nigerian Stock Exchange, NSE, has announced plans to increase the number of products traded on its platform to five within the next five years.

The Institute of Chartered Accountants of Nigeria (ICAN) has urged the Federal Government to partner with relevant professional bodies to train Nigerians on the International Financial Reporting Standards (IFRS). Mr Sunday Ajileye, Chairman of Amuwo Odofin District of ICAN, made the all in in Lagos.

Foreign Direct Investment (FDI) flows to Nigeria declined by 29 percent in 2010 amidst regulatory concerns in the nation’s oil industry.

MARITIME lawyer and Senior Advocate of Nigeria (SAN) Mr Olisa Agbakoba has decried the neglect of the N7trillion Cabotage trade, calling for a review and full implementation of the Cabotage law to the benefit of the economy.

The Lagos Chamber of Commerce and Industry has called on the 7thNational Assembly “not to bleed the economy.”

The Central Bank would soon review upward the limit on banks’ autonomous foreign exchange sales to bureaux de change (BDC).

As the world frowns at the activities of pirates of the Gulf of Edan following its effect on the world’s trade, the virus seem to be spreading to the West African region as pirates again seize a second vessel in the area last weekend.