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AfCFTA

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 will promote insecurity, imperialism – NGO

The federal government has been advised to urgently reverse its decision to take part in the proposed African Continental Free Trade Agreement (AfCFTA) signed by 27 African Union member states in Kigali, Rwanda, describing it as an instrument of neo-colonialism.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Minister: Border closure is reason for rising food inflation

Nigeria’s recent border closure drill has been linked to the recent rise in headline inflation which is currently at 11.61 per cent as of October 2019.
Former President Olusegun Obasanjo has listed what Nigeria should do to have access to $12 trillion “dormant funds”.

Border closure: Former President Obasanjo chides Benin, supports Muhammadu Buhari

Former President Olusegun Obasanjo on Tuesday in Addis Ababa backed President Muhammadu Buhari’s stance on border closure, urging Benin Republic to change its ways for a harmonious bilateral relationship with Nigeria.

AfCFTA: Group entertains fear over Nigeria’s immediate benefits

Leadership of the Association of Nigeria Customs Licensed Agents, ANLCA, has expressed worries on what Nigeria stands to gain from the commencement of the African Continental Free Trade Agreement, AfCFTA, being a consumption based nation, and one with myriads of import/export control mechanism.
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).

UNIDO: AfCFTA veritable platform for Africa’s industrialisation agenda

The African Continental Free Trade Area (AfCFTA) agreement will provide a new impetus to the continent’s industrialization agenda through increased intra-African trade.
The border closure has affected goods from other West African countries. Wikimedia Commons

NEPZA: Benin accounts for N1.45 trillion goods smuggled into Nigeria annually

This was the revelation from Simon Tsuwan, a representative of the Acting Managing Director, Nigeria Export Processing Zones Authority (NEPZA), David Terhemba Nongo, has revealed. He spoke on the sidelines of a two-day national workshop in Lagos, last week.
The Nigeria Export Processing Zones Authority (NEPZA) says N1.45 trillion worth of goods are smuggled into Nigeria annually from Benin Republic.

NEPZA: N1.45 trillion goods smuggled into Nigeria from Benin Republic annually

The Nigeria Export Processing Zones Authority (NEPZA) says N1.45 trillion worth of goods are smuggled into Nigeria annually from Benin Republic.

Governor Ikpeazu secures $430 million deal for Enyimba Economic City

Abia State Governor, Dr. Okezie Ikpeazu, has secured the go-ahead of the African Development Bank (AfDB), private investors and other multilateral financial institutions for the investment of $430 million to fast-track the development of Enyimba Economic City (EEC).

Presidency, Shehu Sani disagree on border closure

The Special Adviser to the President for Economic Matters in the Office of the Vice-President, Dr Adeyemi Dipeolu and Senator Shehu Sani on Monday disagreed on the impact of the border closure on the nation’s economy.
Yutaka Kikuta

Japanese ambassador commends federal government over improved World Bank ranking

The Japanese Ambassador to Nigeria, Mr Kikuta Yutaka, has commended the Federal Government for Nigeria’s improvement in the recently released World Bank’s 2020 Doing Business Index (DBI).
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

Border closure: IMF tacitly backs Nigeria, urges speedy resolution of issue

The International Monetary Fund (IMF) has expressed tacit support for the closure of Nigeria’s land borders to its neighbours over issues bordering on illegal trade.
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

IMF backs Nigeria on border closure

The International Monetary Fund has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Revenue generation not behind border closure – minister

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said the temporary closure of Nigeria’s land borders with her neigbours is not to induce revenue generation.
President Muhammadu Buhari with President Cyril Ramaphosa of South Africa during the visit of President Buhari to Pretoria

President Buhari advocates strong Nigeria, South Africa relationship for African development

President Muhammadu Buhari says a strong strategic relationship between Nigeria and South Africa can become the engine for the rapid economic, political, social, cultural development of Africa, thereby delivering ‘the Africa we want’.

Afreximbank chief urges Nigeria to set up agency for AfCFTA

To enjoy the opportunities offered by the implementation of the African Continental Free Trade Area (AfCFTA), the President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has urged Nigeria to set up a specialized agency for the project.
President Muhammadu Buhari and his South African counterpart, Cyril Ramaphosa, have agreed to set up a committee to address the issue compensation to victims of xenophobic attacks in South Africa, it was learnt on Thursday. 3

Xenophobia: Nigeria, South Africa to set up committee on compensation — in pictures

President Muhammadu Buhari and his South African counterpart, Cyril Ramaphosa, have agreed to set up a committee to address the issue compensation to victims of xenophobic attacks in South Africa, it was learnt on Thursday.

Shippers’ council restates benefits of AfCFTA

The Nigerian Shippers’ Council (NSC) had said the African Continental Free Trade (AfCFTA) if well implemented, will boost intra-African trade to the tune of $35 billion annually.

Minister, Aliko Dangote to speak on AfCFTA at IoD confab

The Minister of Industry, Trade & Investment, Otunba Adeniyi Adebayo, is the keynote speaker and will lead other top speakers as the Institute of Directors (IoD) Nigeria 2019 Annual Director’s Conference in Abuja.

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