Home Topics AfCFTA
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.
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 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.
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 Continental Free Trade Area (AfCFTA) agreement will provide a new impetus to the continent’s industrialization agenda through increased intra-African trade.
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.
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).
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 expressed tacit support for the closure of Nigeria’s land borders to its neighbours over issues bordering on illegal trade.
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 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’.
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.
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.
The National Broadcasting Commission (NBC), has said the new broadcasting regulations were not intended to gag Nigerians from expressing their views.
Some 141 doctors and paramedics at a public hospital in Rome have been charged with fraud for giving free medical tests to friends and family evading regional taxes, police said on Friday.
The Central Bank of Nigeria (CBN) on Friday, February 21, 2020, continued its intervention in the inter-bank foreign exchange market by injecting the sum of $292.34million into the retail Secondary Market Intervention Sales (SMIS).
A new acting General Manager has been appointed for the Kwara State Printing and Publishing Corporation (The Herald Newspapers).
The Imo State government has renamed the Imo State College of Education, Ihitte Uboma after the late Senator Benjamin Uwajumogu as a way to mortalizing him for his service to the state.
Leicester City manager Brendan Rodgers says Wilfred Ndidi will be fit for the Foxes next Premier League clash against Manchester City.
President of the Senate, Ahmad Lawan, on Wednesday said the National Assembly has devised a strategy that will see to the creation of institutions dedicated to providing enduring solutions to Nigeria's security travails. Academy
The Delta State Police Command has faulted media reports that eight persons were killed in series of renewed attacks by persons suspected to be Fulani herdsmen in Uwheru kingdom of Ughelli North local government area of Delta State describing it as moves by some individuals to cause apprehension in the state.
Suspected Boko Haram insurgents have attacked motorists near Lantaiwa, located 70 kilometres North from Damaturu, Yobe State capital.
A medical doctor with the University of Ilorin Teaching Hospital, Gbenga Adebusoye, has warned that abuse of paracetamol in general and in tenderising meat in particular, could lead to liver and kidney failures.