Business

9 Nigerian companies made N277.417bn investments, NIPC says

670


Nine Nigerian companies made as much as ₦277.417 billion in the last three months of last year and created about 1,733 direct jobs, the Nigerian Investment Promotion Commission (NIPC) said Tuesday.
The commission, in a report, ioneer Status Incentive, found on its website, said it granted applications to 19 new companies and extended three applications between October 1, 2018 and December 31 of the same year.
According to the commission, eight companies were granted Pioneer Status Incentive with confirmed production dates, one application was declined and while 23 companies are currently the Pioneer Status Incentive in the reporting period.

Author

See also  US-Nigeria trade relationship hits $10bln mark

Leave a comment

Related Articles

Transcorp Hits ₦20.3bln Dividend Milestone at 20th AGM, Stakeholders Excited

Transnational Corporation Plc (Transcorp Group), a premier African conglomerate with core interests...

Cardless Payments Go Nationwide via New UBA, Redtech, and MoMo PSB Deal

By Maryanne Awuya United Bank for Africa (UBA), Redtech, and MoMo Payment...

Jim Ovia Retires from Zenith Bank; Mustafa Bello Steps In

By Maryanne Awuya Zenith Bank has announced the retirement of its founder...

SEC Crackdown: 13 Nigerian Firms Hit With Asset Freeze for Terror Financing

The Nigerian Securities and Exchange Commission (SEC) has ordered an immediate asset...