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African Continental Free Trade Agreement

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.

AfCFTA: Visa on arrival for Africans begins January 2020 – President Buhari

President Muhammadu Buhari has disclosed Nigeria would commence issuing visa on arrival in January 2020 to all holders of African passport as a way of promoting free movement and facilitating the full implementation of the African Continental Free Trade Agreement (AfCFTA).
Alhaji Munir Sanusi, the chief of staff to the Emir of Kano, has confirmed the receipt of the query issued to Emir Muhammad Sanusi II by the Kano state government.

Kano emir, Ekiti governor drum support for border closure

Emir of Kano, Muhammadu Sanusi and Governor Kayode Fayemi of Ekiti State have said that the decision by Nigeria to close its border is part of the measures to preserve its foreign policy in the national interest.
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 hosts AfCFTA national forum in Lagos

Nigeria, which signed the landmark African Continental Free Trade Agreement in July, will on Thursday and Friday hosts its national AfCFTA Forum on the “Effective Implementation of the AfCFTA for Industrialization and Inclusive Economic Development”.
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.

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.

$57 budget 2020 oil benchmark unrealistic – central bank

The $57 oil benchmark adopted by the Federal Government in the 2020 budget may be unrealistic as the Central Bank of Nigeria (CBN) has called for its downward review.

IndustriALL Global Union bemoan expatriate quota abuse in Nigeria

The IndustriALL Global Union Federation has decried the rate of expatriate quota abuse in the oil and gas companies operating in Nigeria.
The border closure has affected goods from other West African countries. Wikimedia Commons

Nigeria’s border closure has implications for Africa’s economic integration

Nigeria recently partially closed its border with Benin in an effort to stem the smuggling of rice. It then went on to close its land borders to the movement of all goods from Benin, Niger and Cameroon, effectively banning trade flows with its neighbours.
The Minister of Interior, Ogbeni Rauf Aregbosola, says that the loyalty of Nigerians to the country is non negotiable.

Nigeria’s borders must be protected – minister

Interior Minister Rauf Aregbesola has said the loyalty of Nigerians to the country is non-negotiable.
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.

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.
Saratu Iya Aliyu

NACCIMA to promote vibrant regional economy with 16 point agenda

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has come up with a 16 point agenda to promote a vibrant regional economy through public and private sector collaboration,
President Muhammadu Buhari in his goodwill message to the Esogban by the Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, joined members of Edebiri family, friends and well-wishes in celebrating an important and respected son of Bini Kingdom’s rich culture and heritage.

President Buhari faults smugglers, traders ‘who choose profits over patriotism’

President Muhammadu Buhari has lashed out at traders who smuggle fake products into the country, accusing them of choosing profits over patriotism.
President Buhari at the event

President Buhari: Federal government will not inflict more hardship on Nigerians

President Muhammadu Buhari has on Thursday assured Nigerians that the Federal Government will not inflict additional hardship on citizens, rather it will keep seeking ways to ameliorate their sufferings and create a more enabling environment for everyone to thrive.
The President of the Senate, Dr Ahmad Lawan has described insinuations that he is a rubber stamp to the Executive as “sentimental and laughable”.

Senator Lawan: Ninth Assembly will strengthen manufacturing, promote conducive atmosphere

The President of the Senate, Dr Ahmad Lawan, on Tuesday assured manufacturers that the Ninth National Assembly would strengthen the sector with enabling laws to boost growth and job creation in the nation.

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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.