Business Hilights

Tracking Nigeria's Headline Business News Online

African Continental Free Trade Area (AfCFTA)

AfCFTA: MAN lists five key technical concerns for Nigeria’s gainful participation

Ahead of July, 2020 takeoff of the African Continental Free Trade Area (AfCFTA), the Manufacturers Association of Nigeria (MAN) has listed five key factors that will effectively determine Nigeria’s involvement in the first instance. Recall that President Muhammadu Buhari had…

Africa deceiving self if infrastructure deficit meets AfCFTA takeoff— Ramaphosa

Chair of African Union (AU) and President Cyril Ramaphosa of South Africa, has raised an issue of urgent continental importance, saying the free trade dream under the implementation of the African Continental Free Trade Area (AfCFTA) may suffer early defeat…

Power, multiple taxation’ll frustrate Nigeria’s major AfCFTA players, products

Whereas the services, non-oil export and manufacturing sectors of the economy have been identified as key sectors that will benefit under the African Continental Free Trade Area (AfCFTA) regime coming sooner, issues of power and multiple taxation will kill Nigeria’s…

AfCFTA: strict enforcement of ‘Rules of Origin’ vital to tame dumping—NESG

Leading national economic think-tank body, Nigerian Economic Summit Group (NESG), has released its latest technical report, warning that “the emerging  African Continental Free Trade Area (AfCFTA), may lead to one of two outcomes; a win-win outcome for all African countries,…

AFREXIM bank
ICT

Border closure implies being far away from latest surveillance technology— Afreximbank

The leadership of the Africa Export-Import Bank (Afreximbank) may have chided Nigerian government at the ongoing second edition of the African Investment Forum (AIF) in Johannesburg, South Africa over the continued closure of land borders. Whereas global experts in birder…

AfFCTA: Maritime sector critical to seamless trade, integration in Africa—Minister

The Minister of Transportation, Rt. Hon. Chibuike Amaechi has disclosed as the African Continent forges ahead with phase II negotiations for the creation of the African Continental Free Trade Area (AFCFTA), the maritime sector remains critical to seamless trade and…

Gulf of Guinea: Buhari, IMO seek joint security architecture for safe shipping

President Muhammadu Buhari has advocated strategic joint security architecture amongst all maritime nations to fight piracy along the Gulf of Guinea in African waters. In his keynote address at the opening of the Global Maritime Security Conference (GMSC), presented by…

AU asks countries to leverage on digital technology to drive farming, AfCFTA agenda

The Commissioner for Agriculture and Rural Economy at the African Union Commission (AU), Ms Josefa Leonel Correla Sacko has encouraged African countries to leverage on digital technology to provide solutions to the challenges in the agricultural sector ahead of full…

Gencos may be amongst early gainers in AfCFTA if…

More sectors that may gain most from the full activation of the African Continental Free Trade Area (AfCFTA) Agreement signed last Sunday in Niamey, Niger Republic by all heads of government of the African Union (AU) are still emerging. Latest…

What Innoson Motors needs now is support not judicial fireworks—Industrialist

The news of another bench warrant for arrest of Innoson Motors Chief Executive, Chief Innocent Chukwuma, has been received by leading manufacturers on Monday with anger and frustration. Recall that Justice Ayokunle Faji of a Federal High Court in Lagos…