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African Continental Free Trade Agreement

The United States should work to achieve a single, comprehensive agreement with Kenya that removes barriers to trade and investment, instead of pursuing a phased approach, the U.S. Chamber of Commerce said in a document viewed by Reuters.

Chamber: US should avoid phased approach in trade talks with Kenya

The United States should work to achieve a single, comprehensive agreement with Kenya that removes barriers to trade and investment, instead of pursuing a phased approach, the U.S. Chamber of Commerce said in a document viewed by Reuters.
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 Jonathan Aremu during his presentation said Nigeria’s trade policy is outdated and not globally compliant.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.
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.
Vice President Yemi Osinbajo on Tuesday joined other world leaders in mourning the late former President of Kenya, Daniel Arap Moi.

VP Osinbajo: Former Kenyan president Arap Moi would be fondly remembered

Professor Osinbajo who represented President Muhammadu Buhari at the state funeral for the late president, described Moi as one of the foremost leaders of decolonization of Africa and a founding father of the Common Market for Eastern and Southern Africa (COMESA), while delivering his tribute.
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.
President Muhammadu Buhari on Tuesday unveiled new visa policy with 79 visa classifications.

President Buhari unveils new visa policy

This comes amid news that five international airports with sufficient technology and devices that will make it impossible for persons with threats to pass through, have been approved as the only ports of entry where visa on arrival can be obtained.
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).

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.

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Manchester United star Paul Pogba ‘excited’ about Jadon Sancho transfer possibility

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The Economic and Financial Crimes Commissions has arraigned Senator Shehu Sani before a Federal High Court in Abuja.

I did not give Shehu Sani bribe – witness tells court

Dauda made this known in a Federal High Court, Abuja, while being cross-examined in the ongoing trial of Sani over alleged bribery and advanced fee fraud.

Court adjourns Pastor Ize-Iyamu alleged N700 million fraud case to July 14

The presiding judge of a Federal High Court in Benin City, Edo State, Justice Umar Garba, on Tuesday adjourned to July 14 the alleged N700m fraud case levelled against the governorship candidate of the All Progressives Congress, Osagie Ize-Iyamu.
Ibrahim Magu

Ibrahim Magu probe: Nobody is above scrutiny – Presidency

The presidency on Tuesday declared that the ongoing probe of the acting Chairman of the Economic and Financial Crimes Commission (EFCC) is an affirmation that nobody under the present administration is above scrutiny.