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African Continental Free Trade Area

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: Nigeria harps on fairness

For the African Continental Free Trade Area (AfCFTA) agreement to achieve its goals and boost intra-African trade, deliberate efforts ensuring fair trade must endure, says Minister of Industry, Trade and Investment, Mr Niyi Adebayo.
Notwithstanding the revenue increase the Nigerian Customs Service, NCS, said it has achieved with the on-going partial border closure, exporters are counting their losses as countries within the Economic Community of West African States, ECOWAS, sub-region have started rejecting Nigerian cargoes, apparently, as a form of retaliation against the land border closure.

Uproar in ECOWAS parliament over Nigeria’s border closure

There was uproar on the floor of ECOWAS parliament, yesterday, over Nigeria’s border closure policy as Nigeria hinged its decision on failure of Benin Republic to implement agreements.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Minister: Border closure contributes to rising inflation

The Federal Government has said that closure of the nation’s borders has contributed to the rising inflation.
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.

Nigeria, South Africa operate difficult visa regimes – AfDB, AU

A report of the African Development Bank Group and the African Union has ranked Nigeria and South Africa as some of the nations that make it difficult for prospective African travellers to secure entry visas.
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.
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 Buhari mourns as Nigeria’s chief trade negotiator Chiedu Osakwe passes on

President Muhammadu Buhari on Monday mourned the death of the Director-General of the Nigerian Office for Trade Negotiations, Ambassador Chiedu Osakwe.
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.

Federal government proposes N9.79 trillion budget for 2020

The Federal Government will propose to the National Assembly about N9.79 trillion as total expenditure in the 2020 budget, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has said.
Manufacturers Association of Nigeria (MAN)

MAN urges Nigerians to embrace Made-in-Nigeria products

The President of the Manufacturers Association of Nigeria (MAN), Mr. Mansur Ahmed, has enjoined Nigerians to have preference for Nigerian-manufactured products to enable the country’s local manufacturers employ more Nigerians and spread wealth in the country.
Secretary to the Government of the Federation (SGF) Boss Mustapha

SGF urges improvement in export trade

The Secretary to the Government of the Federation Mr. Boss Mustapha yesterday challenged Nigerians to move forward in their trading activities as the nation cannot remain a consuming nation, even though it believes in free trade.

CIBN presents accreditation certificate to Ecobank academy

The Chartered Institute of Bankers of Nigeria (CIBN) has officially presented certificate of accreditation to the ultra-modern, state of the art Ecobank Nigeria Academy with a call to other financial institutions in the country seeking accreditation of their training school to emulate Ecobank Nigeria.
Foreign Affairs Minister Geoffrey Onyeama flanked by the Minister of State Amb. Zubairu Dada (left) and the Permanent Secretary in the ministry, Amb. Mustapha Suleiman ( right) pose for a shot when the minister assumed office on Wednesday in Abuja.

Minister takes office, lists security of Nigerians abroad

Returning Minister of Foreign Affairs, Geoffery Onyeama, says he will focus attention on ensuring the security of Nigerians living abroad and attracting Foreign Direct Investment (FDI) to the country.g
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB says risks to growth ‘increasing by the day’

The U.S.-China trade war and uncertainty over Brexit pose risks to Africa’s economic prospects that are “increasing by the day,” the head of the African Development Bank (AfDB) told Reuters.
6 President Muhammadu Buhari on Wednesday received Cyril Ramaphosa, his South African counterpart, in Abuja.

Presidents Buhari, Ramaphosa to meet over xenophobic attacks

Presidents Muhammadu Buhari and Cyril Ramaphosa of South Africa will meet on the sidelines of the ongoing African Export Import (Afrexim) bank Annual General Meeting in Abuja to discuss the killing of Nigerians and citizens of other African countries in South Africa.

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