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Experts Seek Tough Regulatory Policies to Drive Insurance Growth

Experts in the insurance industry have called on the government to create stronger regulatory policies and enforce existing ones to stimulate growth in the industry. Despite the economic challenges, stakeholders are hopeful of huge growth opportunities this year. Though, according to a few industry experts, looking at how the sector closed last year, it is […]

CBN Procedures Creating Bottlenecks for Exports – Exporters

The pre-export requirements recently introduced by the Central Bank of Nigeria is currently frustrating the export of goods from Nigeria to other nations, exporters declared on Wednesday. Speaking under the aegis of the Network of Practicing Non-oil Exporters of Nigeria, they stated that the electronic Nigeria Export Proceed Form being required by the bank from […]

FG to Build International Gemstone Market in Ibadan

The Federal Government has described gemstone as a natural resource that can boost the economies of Oyo State, Southwest region and Nigeria, by shoring up the internally-generated revenue (IGR), expressing readiness to exploit the resource for the benefit of all. To this end, it has commenced the process for the construction of an International Gemstones […]

Manufacturers Tasks SON on Protection of Local Industries Under AfCFTA

Local manufacturers in the North Central state of Kano, have charged the Standards Organisation of Nigeria (SON), on the need to protect local industries from undue imports at the ports of entry in preparation for the African Continental Free Trade Agreement (AfCFTA).    National Vice President of MAN, North West Zone, Ali Madugu, made the […]

‘How African Leaders Can Fast Track AfCFTA Benefits’

Group Chief Executive Officer, Tingo International Holdings, Dozy Mmobuosi, has said projected benefits of the African Continental Free Trade Agreement (AfCFTA), could be hampered unless African leaders focus on strategic plans, working with stakeholders and adopting technology to drive the agreement. January 1, 2021, ushered in a new era for trade in Africa as the […]

NEPZA Boss Warns Job Seekers Against Fake Online Recruitment Firms, Threatens Lawsuit

The Nigeria Export Processing Zones Authority (NEPZA) has described an ongoing online recruitment exercise ascribed to the Authority to be its “2021 Recruitment Exercise’’ as criminal and a surreptitious maneuver to swindle unsuspecting job seekers and defraud them and their sponsors. Prof. Adesoji Adesugba, Managing Director/Chief Executive Officer of the Authority, made the remark while […]

Nigeria’s rice production gap now 500,000MT, says FG

 The Federal Government on Tuesday put the rice production gap in Nigeria at 500,000 metric tonnes. It, however, stated that the country would soon close the gap and meet the seven million metric tonnes production capacity required to attain self-sufficiency. The Federal Ministry of Agriculture and Rural Development disclosed this in a statement issued in […]

NNPC Restates Commitment to OPEC Agreement

…To Focus More on Gas, Condensats for Revenue Growth The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its allies aimed at stabilizing the global oil market. The Group Managing Director of NNPC, Mallam Mele Kyari, stated […]

What Will Nigeria Be Exporting Under AfCFTA?

After many years of negotiations, the African Continental Free Trade Area (AfCFTA) came into effect at the beginning of this year. While the trade deal appears to have inherent benefits for the continent, the readiness of many African governments remains in doubt. Indeed, African leaders have come to the realisation they have to build infrastructure, […]

Dangote to Leverage Expansion, New Trade Routes Under AfCFTA

Dangote Industries Ltd has expressed optimism that its cement expansion plan and fertiliser investments will open new trade routes for the company and Nigeria under the African Continental Free Trade Area (AfCFTA) that kicked off on January 1. Already, the cement company, despite an installed capacity of 29.3Mta in Nigeria, is targeting an expanded entity […]

Analysts Project Nigerian Banks to Emerge Highest Beneficiaries of AfTCA

With the commencement of the African Continental Free Trade Area (AfCFTA) agreement on January 1, 2021, analysts and stakeholders have expressed optimism of Nigerian banks readiness, saying the financial sector stands to benefit most from the continental agreement. The analysts, in separate interviews on Thursday with THISDAY, added that with most Tier-1 banks already operating […]

What Will the African Continental Free Trade Area Mean for Shipping?

BY BRIAN GICHERU KINYUA    The start of this year heralded the implementation of the AfCFTA (African Continental Free Trade Area), a flagship project of the African Union’s Agenda 2063 to stimulate intra-African trade. The project aims to create a single continental market for goods and services through a comprehensive agreement by member countries that will […]

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