Chinese investors put Nigeria’s guest houses in UK for sale at $2.2m The contract dispute between Nigeria and Chinese investment group, Zhongshang Fucheng Industrial Investment Ltd, seems to have taken a new turn. The Chinese firm accused Ogun State Government of violating a 2001 trade treaty between Nigeria and[Read More…]
The United Kingdom Civil Aviation Authority has written Nigeria’s Civil Aviation Authority stating Air Peace has reportedly violated some aviation safety regulations According to Punch, the development came barely three months after the Nigerian carrier commenced the Lagos-London route. Two mandatory occurrence reports on Air Peace had been[Read More…]
FirstBank Group appoints Olukorede Adenowo as new MD/CEO of UK subsidiary FirstBank Group has appointed Olukorede Adenowo as MD/Chief Executive Officer of FirstBank UK. According to Group Head, Marketing & Corporate Communications, First Bank of Nigeria Limited, Folake Ani-Mumuney, the appointment is effective from November 16, 2023, subject[Read More…]
UK approves naira for trade financing Britain will add the naira to its list of “pre-approved currencies” for financing transactions. This will enable United Kingdom (UK)’s export finance agency to provide financing for transactions with Nigerian businesses denominated in the local currency. The naira will become one of three West[Read More…]
UK adjusts trading rules for Nigeria, 65 others The United Kingdom, UK, government has significantly simplified trading rules for Nigeria, and 65 other African countries. Under the new rules the UK will remove duties on cocoa, tomatoes and other products. The move under its new post-Brexit Developing Countries[Read More…]
…effect by 2024 The United Kingdom has put in place a law that will see Nigerian students, and others studying in the UK from bringing family as dependents except under specific circumstances. This is as the UK government aims to bring immigration into the country which stands at about 1[Read More…]
