AfCFTA
25 Oct
Manufacturing, a major aspect of any nation’s economy, is a key driver of economic transformation and industrialisation, capable of generating employment, fostering intra-African trade, technological advancement and reducing poverty.
18 Oct 2023
From all indications, Nigeria may likely fail in its bid to commence trading in the African Continental Free Trade Area (AfCFTA), under the Guided Trade Initiative (GTI). This is because not all the requirements have been met yet. Nigeria had missed the former commencement date two months ago and now, is on the verge of…
12 Oct 2023
The Manufacturers Association of Nigeria (MAN) has again lamented the daily rising cost of production, owing to scarce and unavailable manufacturing inputs.
11 Oct 2023
The Africa Continental Free Trade Area (AfCFTA) has called on Micro Small and Medium Enterprises (MSMEs) to work closely with it to overcome trade barriers.
6 Oct 2023
The recent military coup in Niger and later Gabon has not only undermined democratic governance but also threatened to reverse the scanty gains of intra-continental trade under the African Continental Free Trade Agreement...
5 Oct 2023
Cases of cybercrimes, terrorism financing and money laundering in Nigeria could be tamed if the government adopts new technology, stakeholders said at a Fin-Crime Summit.
4 Oct 2023
Small and Medium Enterprises (SMEs) have been urged to collaborate and embrace the tenets of the Africa Continental Free Trade Area (AfCFTA) to overcome trade barriers. This call was made by Mr. Silver Ojakol, Chief of Staff of the AfCFTA Secretariat on behalf of the Secretary General, H. E. Wamkele Mene at the 2023 Regional…
20 Sep 2023
Nigeria has been asked to take advantage of the $300 billion potential economic gains that await Africa’s digital economy by 2025. This advice came from the Head of Privacy Policy, Africa, Middle East and Turkey, Meta, Dr. Ololade Shyllon.
10 Sep 2023
Nigeria will host over 500 investors from across the world amidst drive by the new government to increase investment in the country.
8 Sep 2023
The Economic Community of West African States (ECOWAS) has adopted a regional strategy to accelerate the implementation of the African Continental Free Trade Area (AfCFTA) agreement in the ECOWAS region and leverage on opportunities for growth and prosperity.
6 Sep 2023
More than two years after the African Continental Free Trade Area (AfCFTA) kicked-off, Nigeria’s trade volume with other African countries has continued to decline. The trade value fell year-on-year (YoY) to N842.6 billion in the first quarter of 2023 (Q1 ‘23), 11.95 per cent down from N956.93 billion recorded in Q1 ‘22
Latest
1 day ago
Abdulazeez Ganduje, the eldest son of the suspended national chairman of the All Progressives Congress (APC), Abdullahi Ganduje, paid a visit to the chairman of the Kano State Public Complaints and Anti-Corruption Commission, Muhyi Rimingado, at his office. Mr. Abdulazeez visited Mr. Rimingado on Wednesday evening to show his support for the chairman's anti-corruption efforts.…
1 day ago
NATIONAL Coordinator of presidential Unlocking Healthcare Value-Chain initiative, domiciled under the Federal Ministry of Health and Social Welfare, Dr Abdu Mukhtar, has disclosed that Nigeria imports 70 per cent pharmaceuticals, 99 per cent medical devices and 100 per cent vaccines. Mukhtar, in his presentation, yesterday, at the 11th Medic West Africa exhibition in Lägos, healthcare…
1 day ago
The Nigerian Army said it will probe the two soldiers allegedly involved in a reported case of theft at the Dangote Refinery in Lagos. Army spokesman, Major General Onyema Nwachukwu disclosed this in a statement on Wednesday. Onyema said the Army is deeply concerned about the alleged involvement of two of its personnel in the…
1 day ago
The Kaduna State House of Assembly has denounced the actions of Bello El-rufai, a federal lawmaker representing Kaduna North Federal Constituency. Bello is the son of immediate past governor Nasir El-Rufai. The assembly alleged that El-rufai attempted to obstruct the assembly's investigation into financial dealings and project implementation from 2015-2023 in the state. The assembly…
1 day ago
The Central Bank of Nigeria (CBN) has announced a review of the loan-to-deposit ratio (LDR) for banks, from 65 percent to 50 percent. The aim of the review is to align with the current monetary tightening. The apex bank disclosed this in a circular on Wednesday titled ‘Re: Regulatory Measures to Improve Lending to the…
1 day ago
Debt servicing may have been responsible for the drop in Nigeria’s foreign reserves from $34.45 billion to $32.61 billion within one month. Speaking at the ongoing Springs meeting of the World Bank Group and International Monetary Fund (IMF) in Washington, the United States, the governor of the Central Bank of Nigeria, Yemi Cardoso said some…
1 day ago
The Economic and Financial Crimes Commission, (EFCC) will on Thursday, April 18, 2024 arraign a former governor of Kogi State, Yahaya Adoza Bello before a Federal High Court sitting in Abuja. He will be arraigned before Justice Emeka Nwite alongside three other suspects, Ali Bello, Dauda Suleiman, and Abdulsalam Hudu on 19- count charges bordering…
1 day ago
A Brazilian woman Érika de Souza Vieira wheeled the corpse of her uncle 68-year-old Paulo Roberto Braga into a bank on Tuesday. Vieira wanted her dead uncle to sign off on a 17,000 reais ($3,250) loan to her. But she was arrested shortly after entering the bank. “Uncle, are you listening? You need to sign…
1 day ago
The ruling All Progressives Congress (APC) has dragged Justice Usman Na'Abba of the Kano High Court for allegedly breaching the extant provision of the law while granting an Ex-parte motion suspending its national chairman, Dr. Abdullahi Umar Ganduje from the party. In a petition to the Chief Justice of Nigeria, Olukayode Ariwoola, and the NJC,…
1 day ago
The Northern Elders Forum (NEF) has distanced itself from the widely reported news that the Northern region regrets voting for President Bola Tinubu. NEF in a statement by its Deputy Director General II, Salisu Mohammed, said the forum is not engaged in the politics of the 2027 election or decided on whom to support or…