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AfCFTA

Nigerian government begins feasibility study for Brass shipyard project

The Federal Government has begun the feasibility study for the construction of a shipyard on Brass Island in Bayelsa.
Olufemi Gbajabiamila

AFCFTA: Speaker Gbajabiamila tasks Nigeria on industrialisation

Speaker of the House of Representatives Femi Gbajabiamila says Nigeria must increase its industrialisation and manufacturing activities through the free trade zones to survive the African Continental Free Trade Area (AfCFTA) regime.
Wamkele Mene, Secretary-General of the African Continental Free Trade Area, told Reuters that while only the heads of state of the 55-member AfCFTA could sanction changes to the deadlines.

African free trade deal launch unlikely this year – AfCFTA scribe

Wamkele Mene, Secretary-General of the African Continental Free Trade Area, told Reuters that while only the heads of state of the 55-member AfCFTA could sanction changes to the deadlines, the cancelled summit between leaders planned for May in South Africa left few options.
The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has said the Federal Government will welcome long-term agribusiness activities coming from Russia to Nigeria.

Nigeria commissions $1 billion locally-made vehicles

The Ministry of Industry, Trade and Investment in collaboration with the National Automotive Design and Development Council (NADDC) has commissioned one billion dollars worth of locally-assembled vehicles.
Guest Lecturer at the event, Prof. Jonathan Aremu during his presentation said Nigeria’s trade policy is outdated and not globally compliant.

AfCFTA: Experts seek review of Nigeria’s trade policy

The Federal government has been urged to review Nigeria’s trade policy to achieve the objectives of the African Continental Free Trade Agreement (AfCFTA) pact.
Manufacturers Association of Nigeria (MAN)

MAN raises concern over Nigeria’s GDP growth

The Manufacturer Association of Nigeria (MAN) has described the lean 0.14 per cent GDP growth rate recorded in the fourth quarter of 2019 as a strong indications that Nigeria was not be ready for the AfCFTA commencing in July 2020.

SON to establish laboratories in six geo-political zones

The Standards Organisation of Nigeria (SON) says it has concluded plans to establish laboratories in the six ge-opolitical zones for testing products and ensuring standardisation in the country.
Manufacturers Association of Nigeria (MAN)

Manufacturers identify improved infrastructure as key to realising benefits of AfCFTA

The Manufacturers Association of Nigeria (MAN) has advised the Federal Government to get its policies right by making them industry- friendly, as the operational phase of the AfCFTA commences on July 1, 2020.
The African Export-Import Bank (Afreximbank) says it is providing one billion dollars grant to African countries to support the implementation of the Agreement for the African Continental Free Trade Area (AfCFTA).

Stakeholder, experts identify challenges to implementation of AFCFTA

Ahead of the implementation of the African Continental Free Trade Agreement (AfCFTA) in July, the Nigeria’s industrial sector has identified the need for the country to address current market challenges to ensure its gets benefits of the agreement.
President Muhammadu Buhari on Saturday condemned terrorism and violent extremism in Libya, Mali, Burkina Faso, Niger, Chad, Mauritania as well as some countries in East Africa.

President Buhari: Nigeria, Ethiopia relations will give concrete effect to AfCFTA

President Muhammadu Buhari has noted Nigeria and Ethiopia relations would give concrete effect to the African Continental Free Trade Area (AfCFTA).
Standards Organisation of Nigeria | SON

SON shuts 13 steel factories over infractions

The Standards Organisation of Nigeria (SON) National Steel Task Force has sealed 13 steel factories across the country for standards infractions following nationwide market surveillance carried out by the Task Force between November 2019 and January 2020.

SON shuts 13 steel coys over standards infractions

The Standards Organisation of Nigeria (SON) says it has sealed 13 steel factories across the nation for standards infractions.

AU: Continental free trade treaty key to ending gun violence

The newly-adopted continental free trade treaty of the African Union could help reduce gun violence and other armed conflicts across the continent, an official prescribed on Thursday
rice importation

Rice: Stakeholders call for extension of border closure, ABP

There were fears last August when the Federal Government announced the closure of borders in a bid to stem the influx of light arms, food products, including rice and poultry.
The African Export-Import Bank (Afreximbank) says it is providing one billion dollars grant to African countries to support the implementation of the Agreement for the African Continental Free Trade Area (AfCFTA).

NESG: How AfCFTA will impact economy

The Nigerian Economic Summit Group (NESG) has conducted a study on the impact of the African Continental Free Trade Area (AfCFTA) on key macroeconomic variables.
The African Export-Import Bank (Afreximbank) says it is providing one billion dollars grant to African countries to support the implementation of the Agreement for the African Continental Free Trade Area (AfCFTA).

Nigeria undergoing reforms for AfCFTA

Intra-Africa trade has been historically low due to numerous trading rules and tariffs of many countries, leading to untapped potential in the region.
The African Export-Import Bank (Afreximbank) says it is providing one billion dollars grant to African countries to support the implementation of the Agreement for the African Continental Free Trade Area (AfCFTA).

AfCFTA: MAN wants federal government address gaps in economic ecosystem

The Manufacturers Association of Nigeria (MAN) has advised the Federal Government to address the gaps in the economic ecosystem to benefit from the Africa Continental Free Trade Area (AfCFTA) in 2020.

SON: Why we approved 128 new standards for AfCFTA

The Standards Organisation of Nigeria (SON) has taken proactive measures to ensure there is no drawback, in Nigeria’s participation in the African Continent Free Trade Agreement (AfCFTA), by approving a new set of 128 Nigeria Industrial Standards.

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Prime Minister Boris Johnson discussed telecoms security with US President Donald Trump as he prepares to announce if Britain will use China’s Huawei in its 5G networks, officials said Saturday.

Huawei will stop producing Kirin chipsets on September 15

Huawei will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of U.S. pressure on the Chinese tech giant grows. U.S. pressure on Huawei’s suppliers has made it impossible for the company’s HiSilicon chip division to keep making the chipsets, key components for mobile phone, Richard Yu, CEO of Huawei’s Consumer Business Unit was quoted as saying at the launch of the company’s new Mate 40 handset.
Speaker of the House of Representatives, Rep. Femi Gbajabiamila on the floor, moving a bill on the Repeal of Quarantine Act, 2004 at plenary yesterday at National Assembly Abuja. . Photo by Gbemiga Olamikan. 2

House of Reps uncovers abandoned power projects worth over N156 billion

The Federal House of Representatives, in it’s oversight function, has uncovered many power projects, put together at the cost of N156 billion, that are being abandoned or are yet to be completed by the Transmission Company of Nigeria (TCN).

Biafra group warns Miyetti Allah against operating security outfit in South-east, South-south

The Biafra Nations Youth League, BNYL, on Saturday, warned Miyetti Allah Kautal Haure not to allow the Fulani Security group to operate in the Southeast and Southsouth to avoid bloody confrontation by both groups.
Governor of Kaduna State, Mallam Nasir El-Rufai, has fully recovered from coronavirus. 4

Governor El-Rufai: South should produce next President

Barely a week after President Muhammadu Buhari’s closest ally and nephew, Malam Mamman Daura, spoke against zoning of presidency ahead of the 2023 election, Kaduna Governor Nasir El-Rufa’i has said the next President should come from the South.
The Lagos Waste Management Authority on Saturday said plans had been concluded to decommission its Olusosun and Solous landfill sites. The Managing Director of LAWMA, Dr Muyiwa Gbadegesin, said in a statement that the decommissioning was due to urban encroachment and increased human activities around the areas.

LAWMA arrests 13 cart pushers for environmental laws violation

Mr Ibrahim Odumboni, Acting Managing Director, Lagos State Waste Management Authority (LAWMA), said the authority arrested 13 cart pushers and seized 29 carts for violating environmental laws of the state.