Business

Nigeria’s insurance sector charged to leverage AfCFTA opportunities for growth

DailyTimesNGR DailyTimesNGR 21 March 2025 0

BY MOTOLANI OSENI The Deputy Commissioner for Insurance, Finance and Administration, Mr. Ekerete Ola Gam-Ikon, has called on Nigeria’s insurance industry to strategically position itself for the opportunities presented by the African Continental Free Trade Area (AfCFTA). Speaking at the

Business

AfCFTA: Nigeria aims for maritime logistics hub status in Africa–NPA

DailyTimesNGR DailyTimesNGR 6 March 2025 0

BY TEMITOPE ADEBAYO Managing Director of the Nigerian Ports Authority (NPA), Dr Abubakar Dantsoho, has spoken about Nigeria’s target to be the maritime logistics hub for sustainable port services in Africa, especially under the Africa Continental Free Trade Area (AfCFTA) agreement. Dantsoho disclosed this in Lagos at the Nigerian British Chamber of Commerce (NBCC) maritime

Business

AfCFTA reaffirms commitment to strengthen Nigerian businesses for global trade

DailyTimesNGR DailyTimesNGR 17 February 2025 0

BY MOTOLANI OSENI The Nigeria African Continental Free Trade Area (AfCFTA) coordination office has reiterated its dedication to supporting Nigerian businesses in maximising export opportunities under the trade framework. Speaking to journalists, Franca Achimugu, a representative of the office, emphasised that the agency, led by National Coordinator Olusegun Awolowo, is

News

AfCTA: Nigeria paves the path for the continent’s transformation in digital trade

Ihesiulo Grace 19 July 2024 0

Within the framework of the African Continental Free Trade Agreement (AfCFTA), the Federal Government revealed on Friday a comprehensive plan to spearhead Africa’s digital trade revolution. The plan is a component of President Bola Ahmed Tinubu’s administration’s Renewed Hope Agenda, which aims to use trade as a catalyst for continental unity and economic

Business

African leaders urged to take ownership of AfCFTA

Ihesiulo Grace 4 October 2022 0

By Motolani Oseni The second edition of the African Sub-sovereign Governments Network (AfSNET) conference, held on 30 September 2022 in Abuja, Nigeria, unanimously called on African sub-nationals to play their full role in facilitating the implementation of the African Continental Free Trade Area (AfCFTA). Organised by African Export-Import Bank (Afreximbank) in

Business Headlines

IATF2021: AfCFTA must create jobs, enhance revenues – Buhari

Ihesiulo Grace 17 November 2021 0

President Muhammadu Buhari says the African Continental Free Trade Area (AfCFTA) must ensure that Africa is a marketplace where no country is left behind, jobs are created and revenues are enhanced for all parties. According to a statement issued by the African Export-Import Bank (Afreximbank), on Tuesday, he said this in Durban, South Africa, at […]

Business Headlines

AfCFTA: FG’s trade policy revision will facilitate market access — Buhari

Ihesiulo Grace 6 November 2021 0

President Muhammadu Buhari on Friday said the planned revision of Nigeria’s trade policy by the Federal Government is aimed at facilitating access to local and regional markets, against the backdrop of the take-off of the Africa Continental Free Trade Area, AfCFTA. He stated this at the opening ceremony of the 2021 Lagos International Trade Fair […]

Business

Leverage AfCFTA to accelerate industrialisation- African ministers

Ihesiulo Grace 23 March 2021 0

The United Nations Economic Commission for Africa (UNECA) has called for the leveraging of the African Continental Free Trade Area (AfCFTA) agreement to accelerate industrialisation in the continent. The ministers made the call at the commission’s ongoing 53rd Conference of Ministers of Finance and Economic, Planning and Development in Addis Ababa on Monday. Ghana’s

Business

Dangote to leverage on AfCFTA for expansion, new trade routes

Ihesiulo Grace 11 January 2021 0

MOTOLANI OSENI With many countries strategizing for the African Continental Free Trade Area (AfCFTA) that kicked off at the beginning of this month, Dangote Industries Ltd has said that its cement expansion plan and fertilizer investments will open new trade routes for the company and Nigeria under the trade deal. Already, the cement company, despite […]

News

African nations begin trading under AfCFTA pact

Ihesiulo Grace 4 January 2021 0

African Union (AU) Chairperson Cyril Ramaphosa and Ethiopian Prime Minister, Abiy Ahmed have congratulated Africans for starting to trade under the African Continental Free Trade Area (AfCFTA). Abiy tweeted: “Congratulations to our continent for the beginning of trading under AfCTA. The new frontier for Africa is indeed regional integration, where minds are open to ideas

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21 nations hesitant as AfCFTA takes off

Ihesiulo Grace 2 January 2021 0

The African Continental Free Trade Area (AfCFTA) agreement comes into effect yesterday (January 1, 2021) but Zambia is one of the 21 countries that have not yet deposited their instruments of ratification. Zambia’s Minister of Commerce, Trade and Industry, Christopher Yaluma, disclosed at a media briefing in Lusaka that the official launch of AfCFTA will […]

News

Nigeria presents ratified AfCFTA instrument to AU

Ihesiulo Grace 5 December 2020 0

The Federal Government has deposited the African Continental Free Trade Area Agreement (AfCFTA) ratification instrument to the African Union in preparation for the take-off of the agreement in January 2021. This was made known in a statement by the Ministry of Foreign Affairs on Saturday, December 5. The Nigerian representative to the AU, Amb. Richards […]

Economy

AfCFTA take off: We’re addressing concerns of transhipment — Mene

Ihesiulo Grace 21 September 2020 0

Philip Clement, Abuja AfCFTA – As part of measures to ensure the smooth take off of the Africa Continental Free Trade Area agreement (AfCFTA), concerns relating to transhipment and other trade barriers will be addressed, Secretary General of AfCFTA, Wamkele Mene has said. READ ALSO: Implementation of AfCFTA agreement our own stimulus, economic relief package-Mene

Business

Afreximbank, ITC partner to help African businesses grow through trade

Ihesiulo Grace 4 June 2020 0

The African Import-Export Bank (Afreximbank) is teaming up with International Trade Centre (ITC) to help businesses make the most of the African Continental Free Trade Area (AfCFTA). Afreximbank in a statement by its Manager, Communications & Event (Media Relations), Amadou Labba Sall, on Wednesday stated that it is teaming up with ITC to train small-business […]

Business

AfCFTA: MAN calls for strong commitment to enhanced sectoral competitiveness

Ihesiulo Grace 25 February 2020 0

The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to ensure that key technical concerns should be addressed with a strong commitment on the government’s part to enhance competitiveness ahead of the implementation of the African Continental Free Trade Area (AfCFTA), in July. According to MAN President, Mansur Ahmed, the crafting of […]

Business

Afreximbank urges Rwandan businesses to exploit IATF2020 to tap AfCFTA benefits

Ihesiulo Grace 17 February 2020 0

The second Intra-African Trade Fair (IATF2020) will provide key pathways for the Rwandan private sector to access intra-African trade opportunities offered by the African Continental Free Trade Area (AfCFTA), Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade Initiative, has said. Addressing the opening of a roadshow held in Kigali recently day to raise

Business

AfCFTA: Nigeria will excel in service delivery

Ihesiulo Grace 15 February 2020 0

Abuja – Mr  Nwiabu Nuka, Executive Director of Nigeria Private Sector Alliance says the country will excel in service delivery with  the Africa Continental Free Trade Agreement (AfCFTA) billed to take off in July. Nuka stated this during a panel discussion organised by Greeners Business-to-Business, to mark its Annual National Economic Dialogue 2020 in Abuja […]

News

2019: Operating environment takes toll on freight forwarding business

Ihesiulo Grace 27 December 2019 0

The National Association of Government Approved Freight Forwarders (NAGAFF) on Friday said the freight forwarding business was affected negatively by the operating environment and some government policies during the year. The President of the association, Mr Increase Uche, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos. According to him, […]

Business

AfCFTA: Nigeria harps on fairness

Ihesiulo Grace 6 December 2019 0

For the African Continental Free Trade Area (AfCFTA) agreement to achieve its goals and boost intra-African trade, deliberate efforts ensuring fair trade must endure, says Minister of Industry, Trade and Investment, Mr Niyi Adebayo. Adebayo emphasised fairness in his speech at the AfCFTA National Forum, which entered its second day on Friday in Lagos. EU […]

Columnist Featured Features

Refocusing Trade Policy and Industrialization in Nigeria

Ihesiulo Grace 9 October 2019 0

KEYNOTE SPEECH DELIVERED BY PROF. BENEDICT ORAMAH, PRESIDENT AND CHAIRMAN OF THE BOARD OF DIRECTORS OF THE AFRICAN EXPORT – IMPORT BANK ON THE THEME: REFOCUSING TRADE POLICY AND INDUSTRIALIZATION IN NIGERIA: PROSPECTS AND CHALLENGES OF THE AFRICA CONTINENTAL FREE TRADE AGREEMENT” AT THE NIGERIAN 59TH INDEPENDENCE ANNIVERSARY CELEBRATION GALA NIGHT ASO ROCK, ABUJA, 1ST […]