The UK Government has estimated that following the latest downward review of tariffs and extended duty free trade in goods exported from Nigeria to United Kingdom, Nigeria will yearly save over £750 million in export charges. The UK Deputy British High Commissioner to Nigeria, Mr. Ben Llewellyn-Jones, who made this disclosure during the launch of […]
The International Islamic Trade Finance Corporation (ITFC) and the Islamic Solidarity Fund for Development (ISFD), both members of the Islamic Development Bank (IsDB) Group, have announced the signing of the Trade Finance Support Programme for the least developed member countries (LDMCs) affected by the COVID-19 and the food security crises. The initial beneficiaries of this […]
The Managing Director of Nonicoms Telecommunications Limited, Alhaji Umar Abdullahi, has charged telecom service providers in the continent to leverage the benefits of the African Continental Free Trade Agreement (AfCFTA) to grow the sector in the region. The industry top player was quoted in an interview with the News Agency of Nigeria (NAN) on Friday […]
The Bureau of Public Enterprises (BPE) has demonstrated the priority it places on workers and various stakeholders’ safety in workplace with the acquisition and installation of modern firefighting equipment in its premises. Speaking on the initiative during the commissioning of the firefighting equipment and the unveiling of the Bureau’s Fire Warden Kits at the Bureau’s […]
The Minister of Power, Engr. Abubakar Aliyu, has disclosed that the completion of the 1,650mw Makurdi Hydro Power Plant (MHPP) will not only address the energy shortfall in the country, but also mitigate flooding. The minister made this remark at the inauguration of the Project Steering Committee (PSC) for the concession of the Power Plant on Monday, […]
The Kano Chamber of Commerce Industry Mines and Agriculture (KACCIMA) has said that the pan African drive by the Dangote Group will help in achieving the broad policy objectives of the Africa Continental Free Trade Area (AfCFTA) pact in the continent The interim chairman of the management committee of KACCIMA, Mallam Aminu Ahmed, who made […]
The National Bureau of Statistics (NBS) on Monday reported that Nigeria’s total foreign trade value totaled N11,597.93 billion in the third quarter of 2022, representing a 9.7% decline compared to the N12,841.54 billion recorded in the preceding quarter. However, the Bureau noted that the Q3 trade value was 10.7% higher than the N10,472.42 billion recorded […]
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has disclosed that the apex bank had paid N81 billion in rebates to Nigerian exporters to support their export-oriented businesses as a monetary policy step towards improving the nation’s foreign exchange earnings. Emefiele made this disclosure on Tuesday in his keynote address at […]
The Bureau of Public Enterprises (BPE) has announced that three firms have been pre-qualified and issued the Request for Proposal (RFP) for the concession of the Calabar and Kano Free Trade Zones (FTZs) in the country. The Director General of the Bureau, Mr. Alex Okoh, who announced the qualification of the three companies at the […]
The Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has charged world leaders to join the WTO in charting a trade roadmap for a just and ambitious global response to climate change. Okonjo-Iweala, who made the call in an opinion article on Climate Change published on Tuesday by Financial Times, explained that […]