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Nigeria Expands her Free Zones, Create Textile, MedicalAgric FTZs

-Funtua Gets Textile FTZ -Lagos Hosts Medical FTZ -Kwara is Agric FTZs The Nigerian government has approved expansion of her Free Trade Zones alongside activation of existing ones in response to demands of continental free trade and Covid-19 pandemic,the Managing Director of Nigerian Export Processing Zones Authority (NEPZA), Prof Adesoji Adesugba has declared. Speaking while […]

AfCFTA to Push Nigeria, Other African Economies to $29tn By 2050

The elimination of tariff following the introduction of the African Continental Free Trade Area Agreement (AfCFTA) is expected to boost intra-African trade by 52 per cent and help Nigeria and others benefit from a $29 trillion market by 2050. According to a report by Ernst and Young (EY), titled: “Diversification and Non-oil Export Opportunities for […]

Restricting Cryptocurrency Trading in Nigerians’ Best Interest, Says Emefiele

Central Bank of Nigeria Governor, Mr. Godwin Emefiele, has said that the CBN acted in the nation’s best interest by ordering banks, non-banking and other financial institutions not to facilitate trading and dealings in cryptocurrencies. Emefiele, while briefing a joint Senate Committee on Banking, Insurance and Other Financial Institutions, ICT and Cybercrimes, and Capital Market, […]

FG gas expansion to lift 100m out of poverty —Minister

The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Monday that the Federal Government’s National Gas Expansion Programme was expected to lift over 100 million Nigerians out of poverty. Sylva said the programme was “a practical demonstration of President Muhammadu Buhari’s commitment to lift 100 million Nigerians out of poverty by using […]

HEDA sues Accountant General, wants details of ₦173b MDA budget

A Federal high Court in Abuja has been asked to compel the Accountant General of the Federation to release details of the N173 billion released to various Ministries, Departments and parastatals during COVID-19 The ministries, parastatals including security agencies, educational institutes and other contractors are alleged to have received some N173b from federal purse in […]

FG using AFCFTA to boost FTZs competitiveness

The Managing Director of the Nigeria Export Processing Zones (NEPZA), Prof. Adesoji Adesugba has said both the Federal Government and the Authority were leaving no stone unturned at leveraging on the African Continental Free Trade Zone Agreement (AFCTA) to boost the country’s trade zones’ competitiveness.Adesugba, who is also the Chief Executive Officer of NEPZA made […]

ACCI Welcomes Nigeria’s Exit From Recession

The Abuja Chamber of Commerce and Industry (ACCI) has welcomed Nigeria’s exit from recession in the fourth quarter of 2020.   The Chamber’s President, Dr. Al-Mujtaba Abubakar in a press release stated that the growth in agriculture and telecommunications which offset a sharp drop in oil production was impressive and prays other sectors pick up […]

How Nigeria Can Benefit from Okonjo-Iweala-Led WTO – LCCI

The Lagos Chamber of Commerce and Industry has highlighted steps Nigeria needs to take in order to fully take advantage of the opportunities offered by the World Trade Organisation under the leadership of Dr Ngozi Okonjo-Iweala. The LCCI, in a statement on Monday, felicitated with Nigeria on the appointment of Okonjo-Iweala as the Director-General of […]

AfDB to Support Women Entrepreneurs

The African Development Bank’s (AfDB) Affirmative Finance Action for Women in Africa (AFAWA) program has agreed a partnership with the African Guarantee Fund (AGF) to unlock $1.3 to $2 billion in loans to women-owned small and medium-sized enterprises (SMEs) in Africa, by working with financial institutions to enhance their ability to lend to women. The […]

New WTO’s DG is a Star Trade Diplomat-ACCI President

  The Abuja Chamber of Commerce and Industry (ACCI) has congratulated Dr Ngozi Okonjo-Iweala for her emergence as the Director General(DG) of the World Trade Organization (WTO) , describing her as ” a shining light” in trade diplomacy.   Okonjo-Iweala who was a two-time Minister of Finance, and also a Minister of Foreign Affairs was […]

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