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Salt Refinery: Namibia Issues License, Land To Nigerian Investors

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The Namibian government has issued a mining license and allocated a piece of land that will enable Nigerian investors to establish a salt refinery in that country.
Its High Commissioner to Nigeria, Dr Peingeondjabi Shipoh, told newsmen in Abuja on Monday that the Namibian government allocated the piece of land to the Nigerian investors in August.
The high commissioner, who said the land was located in the country’s Erongo region, near the Henties Bay, added that the Namibian government’s approval was a testimony to its readiness to address all challenges before the investors.
“The government of Namibia has granted license because it is mining and it is manufacturing.
“The land has to be in the proximity of the ocean and it looks like that land that has been offered, you have to cross someone else’s land before you get to it.
“And therefore there should be some negotiations in order to lay pipes to take water into the plant.
“The people involved would like to visit Namibia to go iron out these things.
“I was informed about the problem before I came here (to Nigeria) and I tried my best to resolve it and we are about to resolve that problem of land access so that the plant can go up.
“Investment resource is not an issue; that has been secured; license from the government has been issued.
“So, it’s to find a date to start but the mission has got no control over those issues, it’s to only facilitate if we are told where the issues are.“
The envoy also said that plans for the setting up of a Nigeria-Namibia oil refinery in that country were on.
Shipoh, who said that the project would be private-sector driven, called on investors in the country to take advantage of the opportunities made available by the governments of both countries.
The high commissioner said that “friendly investment opportunities“ existed in the mining, agriculture, energy, fishery, and tourism sectors.
He said that the signing of 11 agreements by presidents of both countries in March had created opportunities for investors in both countries to take advantage of.
He, however, said that the interest shown by investors since the signing of the agreements had been low pointing out that the value of trade between the two countries was not up to one million dollars.
The envoy said, “these agreements are there and we need to make sure that the players are correctly advised so that all stumbling blocks on both sides, if any, are removed.
“Certain factors could constitute problems which we would like to know.
“If maybe the problem is not in Nigeria but in Namibia or maybe the import barrier is on the Nigerian side, which we need to be informed about, we can talk to our counterparts here to resolve such problems.
“If maybe there are export barriers in Namibia, which we need to look at and advise our people at home, we have a Nigeria-Namibia Chamber of Commerce, which has got an office in the Sheraton Hotel.
“It’s another avenue for business people, who might be subscribing to that chamber of commerce to visit that office and get the information they would need.
“We have made a lot of information available to that office, but we have got people coming to Nigeria and when that happens, we will inform businesspeople, who are interested.
“We would like to see more; we have made inroads, but we would like to see the trade volumes increase.“
Speaking on the outbreak of the Ebola Virus, the envoy urged African countries to work more closely in the area of research.
“Let’s now work together and research so we can develop our own cure. If you look at ZMapp, it is from tobacco; let’s see what we can do to support countries that have tobacco.
“If there are researches that are being started, other African countries should contribute to such so we can finalise the work that has been started by others and expand the virology laboratories where they exist.“
On his country’s forthcoming elections on Nov. 28, the envoy said efforts had been made to ensure that Namibians living in or passing through Nigeria voted.
“Namibians in the Diaspora will be given the opportunity to cast their votes on Nov. 14; so they are invited to come to the mission and vote. The voting will be a one-day affair.
“Although it will not be easy for our citizens both outside Nigeria and even in states within Nigeria to come over and vote due to the cost implication, we would still like to encourage them to come and cast their votes.
He said that the high commission had a record of eight Namibians living in Nigeria and that all of them had so far been registered to vote.
He added that 3,441 Namibians living in the Diaspora had been registered to vote.

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PENGASSAN Tasks Multinationals On Workers’ Salary Increase 

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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has asked companies in the oil and gas sector to undertake urgent review of salaries of their workers in view of the prevailing harsh economic conditions in the country.
Also, the pensioners of Chevron Nigeria, under the aegis PenCoN, have lauded the President of PENGASSAN, Comrade Festus Osifo and his executive on their unrelenting efforts toward addressing pension abnormalities faced by retired workers in the oil and gas industry.
The association also appealed to the federal government to take necessary measures to check banditry and terrorist activities in parts of the country.
PENGASSAN President, Osifo who addressed journalists shortly after the National Executive Council meeting of the association in Abuja, at the weekend, said that though a lot of success has been recorded in negotiating salary reviews for its members, there are still organisations that have failed to lift their workers from the present harsh economic situation.
He said within this period, PENGASSAN has signed numerous Collective Bargaining Agreements (CBAs) which has brought smiles to the faces of its teeming members.
“This is because we recognise that our job, literally, is how to protect the job of our members, and how to enhance their pay,” he said.
Osifo said that operators in the oil and gas sectors always go for the best qualified professionals to carry out their operations.
“So, the same way they recruit the best, we also challenge them to provide the best condition of service and provide the best remuneration.
“Yes, today, a lot of companies will have achieved successes, but there are still few that we are still discussing at their CBAs, that we are not yet there.
“We still use this opportunity to call on these companies that are still foot dragging, that are still holding back, even with the massive devaluation that has occurred in our country, that still don’t want to fix the remuneration of our members.
“We are calling on them to do the needful, because for us in PENGASSAN we will push without holding back. We will push, using everything in our arsenal, to ensure that the needful is done,” he said.
Osifo spoke of the dispute with the Dangote Refinery group, saying there are still pending issues to be resolved.
“Gentlemen of the press, during the networking session, we also looked at the issues that are plaguing some of our branches, and you know that recently, we had some challenges in Dangote Refinery and PetroChemicals Ltd.
“And within this period, since our last National Industrial Action, we have been engaging them in a lot of conversations, but the issues are not fully resolved. There are still a lot of pending issues.
“Yes, the NEC decided that, yes, let us still consummate that process by pushing those issues, by engaging in dialogue to resolve the issues, and by also engaging all our social partners and stakeholders to get the issues resolved,” he said.
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SEC Unveils Digital Regulatory Hub To Boost Oversight Across Financial Markets

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The Securities and Exchange Commission (SEC) has launched the Regulatory Hub, a new centralized digital platform designed to streamline collaboration, strengthen oversight, and improve transparency across Nigeria’s financial and capital market ecosystem.
The Commission disclosed this in a statement posted on its website.
According to the commission, the platform connects key regulatory and security institutions including the Office of the National Security Adviser (NSA), the Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC), Federal Inland Revenue Service (FIRS), and Corporate Affairs Commission (CAC), enabling them to exchange information securely and in real time.
The launch of this regulatory hub comes ahead of the implementation of new tax laws in January 2026, with agencies such as the FIRS spreading its tentacles across sector to monitor compliance.
According to the SEC Director-General, Emomotimi Agama, the launch marks a significant step toward modernizing Nigeria’s regulatory framework through technology.
“The Regulatory Hub is a major step in our commitment to leverage technology for stronger regulatory synergy. By connecting regulators on one platform, we are building resilience, enhancing market integrity, and promoting investor confidence,” he said.
The SEC said the platform would help reduce bottlenecks in regulatory processes and facilitate faster, more informed decision-making across agencies.
Reinforcing the DG’s comments, the Executive Commissioner, Operations, Bola Ajomale, highlighted the operational benefits of the new system.
“The platform will significantly improve the timeliness and quality of regulatory decision-making. It provides a single window for regulators to share data, respond to requests, and collaborate seamlessly in safeguarding our financial and capital markets,” he said.
The commission believes the Regulatory Hub would support its broader mandate to strengthen investor protection, enhance market stability, and harmonize regulatory activities across the financial sector.
It urged stakeholders to initiate interest by emailing the Commission, adding that once registered, participants would be able to access the Hub and take advantage of its features.
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NAFDAC Decries Circulation Of Prohibited Food Items In markets …….Orders Vendors’ Immediate Cessation Of Dealings With Products 

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The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing circulation of banned food products across markets in the country.
The agency, in a Press Release dated 6 December 2025, warned that these items including pasta, noodles, sugar and tomato paste are expressly listed on the Federal Government’s Customs Prohibition List and are illegal to import.
NAFDAC stated that the sale and distribution of such prohibited items violate national trade laws, compromise the integrity of Nigeria’s food control system, and pose significant public health risks, as they have not undergone the agency’s mandatory safety and quality evaluations.

Importers, market traders, and supermarket operators have therefore, been directed to immediately cease all dealings in these items and to notify their supply chain partners to halt transactions involving prohibited products.

The agency emphasized that failure to comply will attract strict enforcement measures, including seizure and destruction of goods, suspension or revocation of operational licences, and prosecution under relevant laws.

The statement said “The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing incidence of smuggling, sale, and distribution of regulated food products such as pasta, noodles, sugar, and tomato paste currently found in markets across the country.

“These products are expressly listed on the Federal Government’s Customs Prohibition List and are not permitted for importation”.

NAFDAC also called on other government bodies, including the Nigeria Customs Service, Nigeria Immigration Service(NIS) Standards Organisation of Nigeria (SON), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Shippers Council, and the Nigeria Agricultural Quarantine Service (NAQS), to collaborate in enforcing the ban on these unsafe products.

By: Lady Godknows Ogbulu
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