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| Liberia signs deal to build airport city |
 A new deal has been reached to transform Liberia’s International Airport into a modern airport city. Margibi County, Liberia, May 9, 2025-The Liberia Airport Authority (LAA), in partnership with the Liberia Special Economic Zones (LSEZ), has signed a Memorandum of Cooperation (MoC) to establish the country’s first Airport Special Economic Zones (ASEZ) at Roberts International Airport (RIA), marking a major milestone in the Government of Liberia’s infrastructure-led development strategy. The signing ceremony, held Thursday, May 8, 2025, at Roberts International Airport in Margibi County, brought together key executives from both institutions and underscores the government’s commitment to transforming the aviation sector into a powerful engine for economic growth and diversification. The ASEZ initiative is designed to convert designated airport lands into modern business and industrial hubs that promote light manufacturing, logistics, infrastructure development, and commercial activity. The zones are expected to boost foreign direct investment (FDI), generate new jobs, and stimulate sustainable economic growth in Liberia and the broader West African region. “This agreement lays the foundation for a vibrant airport city,” said Mr. Jero Mends-Cole, Managing Director of the Liberia Airport Authority. “By designating airport lands as Special Economic Zones, we’re creating a space that attracts investment, drives economic diversification, and enhances Liberia’s position in regional and global markets.” The MoC represents a joint strategic effort to leverage Liberia’s unique geographic advantage and existing airport infrastructure to establish a globally competitive economic zone. “Liberia’s geographic position offers a gateway to West Africa,” said Hon. Prince A. Wreh, Executive Chairman of the Liberia Special Economic Zones Authority. “This initiative leverages that strength, alongside our airport infrastructure, to create an environment that supports trade and sustainable economic activity across the region.” The launch of the ASEZ initiative coincides with the Liberia Airport Authority’s upcoming modernization program for Roberts International Airport. Planned infrastructure upgrades include, Modernized terminal facilities, Enhanced runway and taxiway conditions, Upgraded firefighting and safety systems, Improved power supply infrastructure, and Deployment of advanced aviation technologies. These developments are expected to improve operational efficiency, increase passenger and cargo capacity, and create a more attractive and competitive investment climate. The Liberia Airport Authority remains committed to playing a central role in Liberia’s economic transformation by developing airport infrastructure that supports trade, investment, and regional integration. |
| The New Dawn Liberia |
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BRICS leaders denounce protectionism, tariff 'blackmail' Leaders of the 11-member BRICS bloc railed against economic protectionism and "tariff blackmail" during a virtual meeting Monday held amid a damaging trade war with US President Donald Trump. In July, Trump lashed out at the BRICS and threatened its members with additional tariffs after they voiced concern that his trade war was putting the global economy at |
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Profit taking persists as investors lose N833bn in 4 days By Peter Egwuatu   Profit-taking activities persisted on the Nigerian Exchange Limited, NGX as the equities market for the fourth consecutive week sustained losses with the major performance indicator, NGX All-Share Index, ASI declining Week on Week, WoW by 0.9%. The Index closed lower in three of the four trading sessions of the week under review. Similarly, […]The post Profit taking persists as investors lose N833bn in 4 days appeared first on Vanguard |
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Nigeria’s FX Market Records $2.80bn Inflow Amid Strong Domestic Support Nume Ekeghe Total inflows into the Nigerian Foreign Exchange Market (NFEM) stood at $2.80 billion in August, according to data from FMDQ, underscoring the continuing resilience of local participation evenThe post Nigeria’s FX Market Records $2.80bn Inflow Amid Strong Domestic Support appeared first on |
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At 29.31%, Maximum Lending Rate Drops One-Year Low Amid Stable Monetary Fee As the Monetary Committee Members (MPC) of the Central Bank of Nigeria (CBN) retained interest rate at 27.50 per cent, the average maximum lending rate in Nigeria’s banking sector droppedThe post At 29.31%, Maximum Lending Rate Drops One-Year Low Amid Stable Monetary Fee appeared first on |
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FG makes tax identification mandatory for banking, allied services Emma Ujah, Abuja Bureau Chief The Federal Government has made Tax Identification, (Tax ID) compulsory for people getting involved in banking and allied services in the country. Consequently, all taxable Nigerians are to obtain a Taxpayer Identification when the new tax Acts come into force in January 2026. The Tax ID is contained in the provisions of […]The post FG makes tax identification mandatory for banking, allied services appeared first on Vanguard |
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