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ICC launches initiative to save SMEs

  ICC has launched a call for urgent and decisive action to Save Our SMEs and combat the economic repercussions of the Covid-19 pandemic.     Highlighting the threat to the continued operation of micro-, small- and medium-sized enterprises (MSMEs) worldwide, ICC has today launched a campaign to encourage coordinated and collective action to help […]

Why we are investing $580m in varsities in Nigeria, west, central African countries

The World Bank said it is investing over $580m in 53 universities in Nigeria and other West and central African countries through its African Centres of Excellence (ACE) project to address common regional development challenges and strengthen their capacities to deliver high quality training and applied research. World Bank education specialist for west and central Africa, […]

FFA Nigeria commemorate 50th anniversary

By Lubem Gena The Francophone Des Affairs (FFA) Nigeria has commemorated the 50th anniversary of the organization. A communique issued at the end of the meeting in Abuja which was signed the President of the organization in Nigeria, Prince Adetokunbo Kayode, CON., SAN  said they were pleased to join other members across the globe to […]

How Covid-19 is disrupting global supply chain-Prince Adetokunbo Kayode

Covid -19 is seriously disrupting global supply chain and African businesses may soon be hard hit, President of Abuja Chamber of Commerce and Industry (ACCI), Prince Adetokunbo Kayode has raised the alarm.   According to a statement signed by the Media and Strategy Officer of the Chamber, Mr. Lubem Gena, Prince Kayode was speaking while […]

REA holds 3rd performance based grant roundtable under the solar hybrid mini grid component

On February 18th, 2020, the Rural Electrification Agency in collaboration with the World Bank, held the 3rd Performance Based Grant Roundtable under the Solar Hybrid Mini grid component of the Nigerian Electrification Project (NEP) in Abuja, Nigeria. The meeting began with opening remarks from the MD/CEO REA, Ahmad Salihijo commending the great work the NEP […]

Nigerian ports lack requisite infrastructure for investment – IMF

THE International Monetary Fund (IMF) has identified absence of National Single Window platform, absence of scanning machines for customs operations as well as poor logistics and road infrastructures as the bane of Nigerian Ports. IMF Mission Chief and Senior Resident, Representative for Nigeria African Department, Mr Amine Mati stated this on Saturday when he took […]

Nigeria/UK investors’ deals

The recent inaugural UK-Africa Investment Summit in London, which was hosted by the British Prime Minister Boris Johnson, was an excellent platform for Nigeria to show off available business opportunities in the country. These include agriculture, manufacturing, mining and technology. It was cheering that the Summit, which was graced by over 1, 000 people, including […]

Nigeria: Dynamics of Nigerian-British Relations in the Post-Brexit Era – the Challenge of New Anglo-French Rivalry

‘Post-Brexit Era’ is a concept that is subject to different interpretations. First, it can refer to the first referendum, held in 1975, to determine whether or not Britain should continue to sustain its membership of the then European Economic Community (EEC) or should simply withdraw its membership. Since Brexit is about withdrawing from the EEC, […]

Coronavirus Closes China to the World, Straining Global Economy

SHANGHAI—China’s isolation amid the coronavirus outbreak, a rare freeze out for such a vital economic center, is rippling across the world. Uncertainty over the virus—which has infected more than 17,000 people— has disrupted world-wide trade and supply chains, depressed asset prices, and forced multinational businesses to make hard decisions with limited information. The U.S., and governments […]

New U.S. Travel Ban Shuts Door on Africa’s Biggest Economy, Nigeria

The visa rules will affect nearly a quarter of the people on the African continent, including many hoping to join loved ones already in the U.S. The newlyweds had already been apart for half their yearlong marriage. Miriam Nwegbe was in Nigeria. Her husband was in Baltimore, and until she could join him, everything was […]

West Africa: USAID Launches $60 Million for West Africa Trade, Investment Hub

The U.S. Agency for International Development (USAID) has earmarked $60 million in co-investment grant funds for trade and investment hub activity to promote the Nigerian economy. U.S. Ambassador to Nigeria, Mary Leonard, disclosed this at the official launch of the West African Trade and Hub on Tuesday in Abuja. She said that the activity, which would last […]

Eni Signs Supply Deal with Nigeria LNG

Eni S.p.A. reported Monday that it has signed a long-term liquefied natural gas (LNG) supply agreement with Nigeria LNG (NLNG). Under the deal, Eni will purchase 1.5 million tonnes of LNG from liquefaction trains 1, 2 and 3 of NLNG – a joint venture in which it participates with Shell, Total and Nigerian National Petroleum […]

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