benefits of metallurgical industries in nigeria

THE SOAP AND OTHER DETERGENTS MANUFACTURING

The soap industry includes companies primarily engaged in making soap, synthetic organic detergents, inorganic alkaline detergents, and crude and refined glycerin from vegetable and animal fats. In 1997, the latest year for which U.S. Economic Census data are available, this industry had 799 establishments2 nationally. There were roughly Get price

Indian Steel Industry Report

Steel industry and its associate mining and metallurgy sectors have seen many major investments and developments in the recent years. According to data released by Department for Promotion of Industry and Internal Trade, the Indian metallurgical industries attracted Foreign Direct Investment to the tune of US$ 11.3 billion in the period April Get price

Finance Bill 2019: Tax Implications for Nigerian Entities

Companies Operating In Nigeria To Pay 0.005% Net Profit Levy Under The NPTF (Establishment) Act 2018 - September 17, 2019. 6. NAFDAC-Regulated Products Imported Into Nigeria Now To Be Processed On The Nigeria Trade Portal - September 06, 2019. 7. National Identity Management In Nigeria: NIMC and Matters Arising - Jul 29, 2019. 8. Get price

Nigerian Business Environment: Advantages Threats

Nigeria has the potential for growth and stability. It is a strong place for the businessmen to flourish their business. The monetary policy of Nigeria is mobilized and in control to manage the supply of money in a way which does not result in excessive appreciation or devaluation of the currency.The country has the fastest growing telecommunication as well as the largest oil and gas sector Get price

Nigeria Economy Research Analysis 2019

Nigeria is Africa's biggest oil exporter and, with a population of 193m, the region's biggest economy and largest consumer base. While the government is reliant on oil and gas for its revenue, the economy itself is more diversified, with manufacturing, banking and insurance, retail and agriculture all major contributors. However, each of these sectors could grow faster and create more Get price

Nigerian Smoked Fish Market Potential

Nigeria alone exports about 5 tonnes of smoked fish per month, via airfreight. —Domestic smoked fish products of Nigeria. It is known that fish is an important and main food materials of Nigerian. The continued growth of population, income, and urbanization assures the high demand for fishes in Nigeria. Get price

Multinational Companies in Nigeria: The Ultimate List

Multinational companies in Nigeria spread across various platforms and line of production from Oil and Gas, Telecommunications, Health and Wellness, Consumables and so on and they boast some of the highest paid workforce in Nigeria. Multinationals also allows the opportunity of career expansion for employees and a very conducive working Get price

Nigeria (NGA) Exports, Imports, and Trade Partners

Overview: In 2018 Nigeria was the number 29 economy in the world in terms of GDP (current US$), the number 50 in total exports, the number 53 in total imports, and the number 134 most complex economy according to the Economic Complexity Index (ECI).In 2018, Nigeria exported $59.5B and imported $48.7B, resulting in a positive trade balance of $10.9B. Get price

COMPANY INCOME TAX IN NIGERIA

The tax regime in Nigeria is a multi-level tax system, which simply means that tax is administered by the three tiers of government. The Federal Inland Revenue Service (FIRS) administers or oversee the income tax for companies. Companies Income Tax (CIT) is a tax on the profits of registered companies in Nigeria. Get price

(PDF) IMPACT OF MICROFINANCE INSTITUTIONS ON SMALL

Abstract: This study examines the impact of Microfinance Institutions in financing small scale enterprises for economic growth in Nigeria. Time series data from Central bank of Nigeria (CBN) report on the activities of Microfinance Institutions Get price

Nonprofit Law in Nigeria

The laws of Nigeria do not provide for the deductibility of donations made by individuals to Nigerian NPOs. Companies are taxed at a rate of 30 percent. A tax benefit, in the form of an allowable deduction, is available to any Nigerian company that makes a donation to certain Nigerian funds and institutions. Get price

Pioneer Status the Return of the 3

Poor competitiveness of Nigeria relative to major countries in Africa as an investment destination. The crash in crude oil prices 'unanticipated' by the then Federal Government resulting in significant cash flow challenge and the desire to address this challenge, brought under Get price

How To Get A Bank Of Industry (BOI) Loan in Nigeria

Industry in which Nigeria's comparative advantages could be converted to competitive ones. Ability to promote the expansion of exports through the production of high-quality products that are attractive to domestic and export markets. Niche projects that are produced for worldwide consumption. Projects that create both forward and backwards Get price

Africa Continental Free Trade Area: Benefits, Costs and

Most of the benefits of further trade integration (i.e. welfare benefits from lower import prices, production efficiency and increase in outputs, higher value-added jobs and exports, technological specialization, etc.) will materialize in the long term, while most of the associated costs of Get price

Foreign direct investment (FDI) in Nigeria

Nigeria has been attracting strong inflows from American companies, including giants like Uber, and Facebook, as well as Emergent Payments, and Meltwater Group. China has also been investing considerably in the country, mainly in the textile, automotive and aerospace industries. Get price

Foreign Direct Investment: Definition, Example, Pros, Cons

Jul 02, 2020The Act allows companies to repatriate the $2.6 trillion they held in foreign cash stockpiles. They pay a one-time tax rate of 15.5% on cash and 8% on equipment. The Congressional Research Service found that a similar 2004 tax holiday didn't do much to boost the economy. Get price

Advantages Disadvantages of Whistle

Oct 25, 2018The program protects from retaliation workers who blow the whistle on their employer's behavior. Retaliatory action can include dismissal, demotion, denial of benefits and reduction of working hours. Companies found to be in violation of the whistle-blower protection laws can face fines, suspension of government contracts and civil lawsuits. Get price

Life Insurance

Take out a life insurance plan and we will pay your family or loved ones an agreed amount – your "life benefit" – if you pass away or become permanently disabled. Depending on your life insurance plan, we also pay a proportion of your life insurance benefit if you contract a critical illness. Get price

Italy

Italy - Italy - Manufacturing: Mining is not an important sector of the Italian economy. Minerals are widely dispersed, and, unlike other industries, mining and quarrying traditionally have been more prevalent in the south than in the north. In the early 21st century, increased demand for construction materials and fertilizers led to the expansion of northern-based quarrying industries Get price

A CRITICAL LOOK AT THE NIGERIAN STEEL INDUSTRY

growth. These are the happenings in the Metallurgical industries especially the Steel Industry in Nigeria that shock both the angels and even the devils. Government Inland Rolling Mills: They were designed to produce 210,000 tones of rolled products based on (1 20x120) mm2 billets from Delta Steel Company Ovwian-Aladja. These are stories or Get price

The Advantages and Disadvantages of Outsourcing

Although outsourcing presents a variety of benefits to your organization, it could also pose difficulties if not outsourced to the right service provider. Advantages and Disadvantages of Outsourcing Outsourcing most commonly known as offshoring has pros and cons to it. Get price

Nigeria Overview

Large pockets of Nigeria's population still live in poverty, without adequate access to basic services, and could benefit from more inclusive development policies. The lack of job opportunities is at the core of the high poverty levels, of regional inequality, and of social and political unrest in the country. Get price

Advantages and Disadvantages of Deregulation for

Unlike the mostly benefits that deregulation has for businesses, there are some pitfalls of deregulation for the consumes. If we look at the advantages first, consumers benefit because they have more choices and hence, can affect the demand for a particular product by switching to competitors when they find the products as inferior or pricey. Get price

REGISTRATION AND BENEFITS OF FREE TRADE ZONES IN NIGERIA

BENEFITS OF THE FREE TRADE ZONES IN NIGERIA. FREE TRADE ZONES REGULATIONS. A free-trade zone is a class of special economic zone. It is a geographic area where goods may be landed, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulation and generally such goods are not subject to customs duty. Get price

Doing Business in Nigeria

Expats looking to do business in Nigeria, and especially those who have never done business on the African continent before, will certainly have to prepare themselves for some unique challenges.Although great strides have been made within the corporate world in Nigeria – one of the most oil-rich countries in the world and Africa's largest economy – the country still suffers from massive Get price

Multinational Companies in Nigeria: The Ultimate List

Multinational companies in Nigeria spread across various platforms and line of production from Oil and Gas, Telecommunications, Health and Wellness, Consumables and so on and they boast some of the highest paid workforce in Nigeria. Multinationals also allows the opportunity of career expansion for employees and a very conducive working Get price

How To Get A Bank Of Industry (BOI) Loan in Nigeria

Industry in which Nigeria's comparative advantages could be converted to competitive ones. Ability to promote the expansion of exports through the production of high-quality products that are attractive to domestic and export markets. Niche projects that are produced for worldwide consumption. Projects that create both forward and backwards Get price