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FG Targets 20% Real Sector’s Contribution To Nation’s GDP

The Federal Government has unveiled plans to raise manufacturing sector’s contribution to the nation’s Gross Domestic Product (GDP) to 20 percent within the next six years. Currently, the real sector’s contributions to the nation’s GDP is less than 10 percent, thereby necessitating huge importation of manufactured goods with the attendant negative implications for Nigeria’s foreign […]

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China Devt Bank, Afreximbank Seal $500m Trade Infrastructure Pact

The China Development Bank (CDB) and African Export-Import Bank (Afreximbank) have signed an agreement to provide a $500 million facility to Afreximbank for the purposes of supporting trade enabling infrastructure projects in Africa. The facility carries a 10-year tenor. According to the terms of agreement, the facility will also be used to enable the African […]