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African Continental Free Trade Area

National Bureau of Statistics NBS

NBS, NPA sign MoU on data collection, analytics at ports

The National Bureau of Statistics (NBS) and the Nigerian Ports Authority (NPA) have signed a Memorandum of Understanding (MoU) to improve data collection and analytics on port related activities.

AfCFTA: Nigerian government to register more employers associations

The Federal Government said it has put machinery in motion to register more employers associations, besides the Nigeria Employers Consultative Association.
NECA’s Director-General, Mr Timothy Olawale, who made the call on Tuesday in Lagos, called for more specific and direct business sustainability schemes, to save the private sector.

OPS urges Nigerian government to save economy as insecurity worsens

Members of the organised private sector (OPS) have urged the federal government to rise to the occasion and arrest the worsening insecurity in the country in order to salvage the nation’s economy from a total collapse.
Twitter CEO and Co Founder, Jack Dorsey addresses students at the Indian Institute of Technology (IIT), on November 12, 2018 in New Delhi, India. (Photo by Amal KS/Hindustan Times via Getty Images)

Twitter chooses Ghana as its African headquarters, explains why

Twitter has officially announced its decision to base its African headquarters in Ghana. The social media company is already looking to fill 12 positions in the West African country but will hold off on opening a physical office until the Covid-19 pandemic subsides.

Weak African customs regimes will ‘hinder’ implementing continental free trade agreement

Many African countries have no ability to enforce customs agreements, and this could be a major hindrance to the implementation of the African Continental Free Trade Area (AfCFTA) agreement, its secretary general Wamkele Mene has said.
Retired Col. Hameed Ali, Comptroller-General of Nigeria Customs Service (NCS), on Thursday said the closure of Nigeria’s borders by Federal Government was undertaken to strengthen the nation’s security and protect its economic interests.

Nigeria Customs wants vehicles over seven years banned

The House of Representatives’ Committee on Customs and Excise (NCS) has proposed a revenue target of N1.56 trillion for the Nigeria Customs Service in 2021, up from the original N1.4 trillion proposition.
The bill for the Chartered Institute of Forensic and Certified Fraud Examiners of Nigeria has scaled the First Reading in the House of Representatives .

House raise customs’ revenue target by N214 billion to N1.6 trillion

The house of representatives committee on customs and excise has raised the revenue target for the Nigerian Customs Service (NCS) in the 2021 financial year from N1.465 trillion to N1.679 trillion.
1. Lagos State Governor, Mr Babajide Sanwo-Olu, says the state is ready to domesticate the African Continental Free Trade Area (AfCFTA) agreement.

Lagos governor: We are ready to domesticate AfCFTA agreement

Lagos State Governor, Mr Babajide Sanwo-Olu, says the state is ready to domesticate the African Continental Free Trade Area (AfCFTA) 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).

AfDB: AfCFTA objectives remain elusive, if Africa fails to explore its opportunities

Though the implementation of the African Continental Free Trade Agreement (AfCFTA) promises to transform the economy of Africa, the objective will not be fully achieved if the opportunities offered by the deal are not fully explored.
Gov. Abdullahi Sule of Nasarawa State has denied media report credited to him that the dislodged Boko Haram insurgents are regrouping in his state, particularly on the Benue-Nasarawa border.

AfCFTA: Nasarawa to establish commodity marketing board

The Nasarawa State Government has concluded plans to establish a commodity marketing board as part of moves to explore the African Continental Free Trade Area (AfCFTA) Agreement for increasing Internally Generated Revenue (IGR) and job creation for the teeming youth population.
Ghana’s president Nana Akufo-Addo on Monday became the world’s first recipient of a coronavirus vaccine from Covax, a global scheme to procure and distribute inoculations for free for poorer countries.

President Akufo-Addo: Successful Ghanaian diplomacy led to establishment of AfCFTA secretariat in Accra

Successful Ghanaian diplomacy enabled the African Union (AU) to agree to the location in Accra of the Secretariat of the African Continental Free Trade Area (AfCFTA), President Nana Addo Dankwa Akufo-Addo has said.
African Export-Import Bank (Afreximbank)

Afreximbank, AAAM to drive automotive investment

The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have entered into a Memorandum of Understanding (MoU) for the financing and promotion of the automotive industry in Africa.
The Nigerian American Chamber of Commerce (NACC) has said non-oil exporters should embrace higher standards while engaging the United State markets.

NACC: Poor infrastructure may shortchange Nigeria in AFCFTA

The Nigerian-American Chambers of Commerce (NACC) says Nigeria would be short-changed in the African Continental Free Trade Area (AFCFTA) if the dilapidated infrastructure remains unfixed.

Afreximbank, AAAM to fund automotive industry in Africa

The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have entered into a Memorandum of Understanding (MoU) for the financing and promotion of the automotive industry in Africa.
The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, says the sector is crucial in the drive toward diversification of the nation’s economy, away from being oil dominated.

WTO: Nigeria’s trade agenda is to operate on world stage – minister

The minister of industry, trade and investment, Niyi Adebayo, says Nigeria’s trade agenda is to operate on the world stage, noting that the country has outgrown Africa.
Victor Liman, NOTN acting director-general, told journalists in Abuja that the processes involved before implementation include the enactment of a law by the national assembly in line with the provisions of section 12 of the amended 1999 constitution.

Official: Nigeria yet to start trading under AfCFTA

The Nigerian Office of Trade Negotiations (NOTN) says trading has not begun under the African Continental Free Trade Area (AfCFTA) agreement because it is still in the process of domesticating the guidelines.
FILE PHOTO - Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October 5, 2017. REUTERS-Brendan McDermid

Analysts foresee faster economic recovery as oil price hits $60

Analysts yesterday forecasted a faster economic recovery for Nigeria as crude oil prices, at $60 per barrel, hit a new high since February 2020.
The logo of the International Monetary Fund (IMF), is seen during a news conference in Santiago, Chile, July 23, 2019. REUTERS-Rodrigo Garrido

IMF: Nigerian economy at ‘critical juncture’

The International Monetary Fund (IMF) on Monday said the Nigerian economy is at a critical juncture, having been weakened by falling per capita income, double-digit inflation, limited buffers, significant governance vulnerabilities, and the global pandemic.

IMF: Nigeria’s economic outlook remains challenging

The International Monetary Fund (IMF) says that Nigeria’s outlook remains challenging and charged the federal government to urgently undertake policy adjustments.

NPNEN convenes first non-oil exporters’ town hall meeting

The Network of Practicing Non-oil Exporters of Nigeria (NPNEN) on Friday, during its first non-oil exporters' town hall meeting deliberated on ways to improve the country’s non-oil export sector. The event which was hosted in a hybrid format (physical and virtual) brought together over 140 stakeholders to identify means of harnessing Nigeria’s Non-Oil resources to leverage improved economic growth.
Chad's former prime minister Moussa Faki Mahamat on Saturday won a second term as head of the African Union's executive body at the opening of a two-day virtual summit expected to focus on the continent's pandemic response.

AU chief secures second four-year term at summit focused on coronavirus

Chad's former prime minister Moussa Faki Mahamat on Saturday won a second term as head of the African Union's executive body at the opening of a two-day virtual summit expected to focus on the continent's pandemic response.
AU Chairperson Moussa Faki Mahamat

Coronavirus has not diverted AU’s attention from Africa’s priority issues – chairperson

Chairperson of the African Union (AU) Commission Moussa Mahamat on Friday said that “exceptional situation’’ caused by COVID-19 has not diverted the bloc’s attention from Africa’s priority issues.

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If Zinedine Zidane and his charges make it to the final of the competition, they will land 15 million euros, with the winner of that game taking home a further 19 million euros.

Zinedine Zidane denies reports that he is leaving Real Madrid

“How can I tell my players that I’m leaving the club at this stage of the season? We’re playing for our lives in this league and I’m going to say I’m leaving? You can say anything you want to say. I will never say that to my players. How can I say that. At the end of the season, we will see what will happen. We can’t constantly talk about my future.”

Kaduna in total blackout as workers begin strike

Kaduna State on Sunday was thrown into total blackout ahead of the five-day warning strike directed by the Nigeria Labour Congress to commence from midnight of Sunday in the state.
Kaduna State Governor Nasir Ahmed El-Rufai

ASCAB: Kaduna governor sacked over 60,000 workers in six years

Human rights lawyer, Mr. Femi Falana (SAN), and the Alliance on Surviving COVID-19 and Beyond say Kaduna State Governor, Nasir el-Rufai, has sacked over 60,000 workers since he took office in May 2015.
Manchester United’s board and manager, Ole Gunnar Solskjaer, are in disagreement over the future of Paul Pogba.

Manchester United board in disagreement with Ole Gunnar Solskjaer over Paul Pogba

Manchester United’s board and manager, Ole Gunnar Solskjaer, are in disagreement over the future of Paul Pogba.
President Goodluck Jonathan

Ex-President Jonathan calls for synergy among state governors

Former President Goodluck Jonathan on Sunday called for more synergy among the state governors in order to resolve the numerous challenges affecting the country.

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PDP: Robbery attempt in Aso Rock shows President Buhari can’t secure Nigeria

The Peoples Democratic Party says the failed robbery attack in Aso Rock on Monday shows that President Muhammadu Buhari, lacked the capacity to secure Nigeria.
The Ohanaeze Ndigbo has advised Governor Babajide Sanwo-Olu to ignore the rumour that members of the Indigenous People of Biafra are plotting to attack Lagos. “The constant and periodic dangerous insinuations, rumour, gossips, and callous statements that Ndigbo in Lagos or any part of Yoruba land contemplate to instigate violence in Lagos or any part of Yoruba land is not true,” said Ohaneze. The President-General of Ohanaeze Ndigbo Worldwide, George Obiozor, stated this during a courtesy visit to Mr Sanwo-Olu at the Lagos House, Marina, on Thursday.

Ohanaeze: No plot to attack Lagos

The Ohanaeze Ndigbo has advised Governor Babajide Sanwo-Olu to ignore the rumour that members of the Indigenous People of Biafra are plotting to attack Lagos.
National Leader of the ruling All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, also known as the “Lion of Bourdillon” appears set to roar into action as the race for the 2023 presidential ticket of the ruling party in the country begins in earnest.

Eid-el-Fitr: Senator Tinubu urges Nigerians to put politics aside, pray for President Buhari

All Progressives Congress chieftain, Bola Tinubu, has urged Nigerians to put politics aside and pray for President Muhammadu Buhari for strength and wisdom to protect the nation.
Governor Douye Diri has expressed worry over the development, following the lifting of the ban on interstate travel.

Bayelsa teachers accuse governor of short-changing them

Primary school teachers in Bayelsa have expressed disappointment that their April salaries did not reflect increment following promotions, despite the pledge by Governor Douye Diri.

Ooni of Ife: We don’t need war in Nigeria

The Ooni of Ife, Oba Adeyeye Ogunwusi, has called on Nigerians to desist from any act that could lead to war in Nigeria.