HomenewsFREE ZONE

  • NIGERIA CUSTOMS SERVICE MOVES TO IMPLEMENT INTEGRATION OF FREE TRADE ZONES

    • August 19, 2023
    • Posted by: Destiny Young
    • Category: News
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    Recall that, at the inaugural joint meeting held at the Acting CGC’s office a few weeks ago, a committee was established to look into issues affecting the operations of Customs procedures in the Special Economic Zones.

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  • FG approves new free zone for A-Ibom

    • August 24, 2020
    • Posted by: Destiny Young
    • Category: News
    No Comments

    …Secures $10bn investment commitments, targets 7,000 jobs   The Federal Government has approved a new oil and gas free zone for Akwa Ibom State. The new free zone, which is jointly promoted by Akwa Ibom State government, Nigerian National Petroleum Corporation, NNPC, and an American private equity investor, Black Rhino Group, has already reported investment

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  • Notore Oil dreams big over Free Zone developer status

    • August 1, 2018
    • Posted by: Destiny Young
    • Category: News
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      The Free Zone developer’s status granted to Notore Chemical Industries Plc will enable the oil and gas petrochemical industry to create 15,000 jobs and attract $5 billion in Foreign Direct Investment (FDI), it was learnt yesterday. The company has a direct port access and a dedicated jetty at Onne Complex, near Port Harcourt, Rivers

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  • Nigeria’s free zone incentives thrill global investment conference

    • June 27, 2018
    • Posted by: Destiny Young
    • Category: News
    1 Comment

      A presentation by the managing director of Nigeria’s Oil and Gas Free Zones Authority (OGFZA), Mr Umana Okon Umana, at the ongoing “Africa Trade and Investment Global Summit” in Washington, DC, USA, has stimulated strong interest in the incentives offered to investors in Nigeria’s oil and gas free zones. Speaking as a member of

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  • New free zone developer, Notore targets $5bn FDI, 15000 jobs

    • December 5, 2017
    • Posted by: Destiny Young
    • Category: News
    No Comments

              The Oil and Gas Free Zones Authority (OGFZA) has conferred the Oil and Gas Free Zone Developer status on Notore Chemical Industries Limited, following the company’s satisfactory compliance with the requirements for a free zone developer licence. At the licence presentation ceremony in OGFZA’s office in Abuja on Monday, the

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  • OGFZA MD: Eko Support Free Zone to Be Fully Operational This Year

    • June 16, 2017
    • Posted by: Destiny Young
    • Category: News
    No Comments

    OGFZA MD: Eko Support Free Zone to Be Fully Operational This Year     “We are determined to make sure that our free zones succeed,” Umana assured Edu, leading the management team of Eko Support. “We will set up a committee to work with you and make sure all parties benefit and perform their roles.”

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  • Making Life Easy for Investors: Nigeria’s OGFZA

    • May 22, 2017
    • Posted by: Destiny Young
    • Category: News
    No Comments

    Making Life Easy for Investors: Nigeria’s OGFZA   Mr Umana Okon Umana is the managing director/CEO of Oil and Gas Free Zones Authority (OGFZA) Nigeria; he is a former secretary to the government of Akwa Ibom State in Nigeria’s South-South region; a former commissioner for finance in the state and a former permanent secretary in

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  • Free zones agency threatens stiff sanctions against erring operators

    • May 8, 2017
    • Posted by: Destiny Young
    • Category: News
    No Comments

    Free zones agency threatens stiff sanctions against erring operators     The Oil & Gas Free Zones Authority, OGFZA, has threatened stiff sanctions against operators who ignore all extant laws and regulations guiding their activities in the zones.   The managing director of the agency, Umana Okon Umana, told a management meeting in Onne that

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  • OGFZA lauds A’Ibom State on Liberty Free Zone

    • April 5, 2017
    • Posted by: Destiny Young
    • Category: News
    No Comments

    OGFZA lauds A’Ibom State on Liberty Free Zone   The Oil and Gas Free Zones Authority (OGFZA) has commended the Akwa Ibom State government on the efforts to build and secure a licence for the proposed Liberty Oil and Gas Free Zone in Ikot Abasi. Reviewing progress of work on the proposed free zone after

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  • Umana restates FG support to free zone investors

    • January 25, 2017
    • Posted by: Destiny Young
    • Category: News
    No Comments

    Umana restates FG support to free zone investors   The managing director of the Oil and Gas Free Zones Authority (OGFZA), Mr Umana Okon Umana has restated the federal government policy of maximum support to all investors in the country’s oil and gas free zones. Speaking during official visit to Indorama and Brawal offices in

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