By Joy Obakeye A report by professional services firm, Ernst and Young (EY), has shown that with the elimination of tariff, the introduction of the African Continental Free Trade Area Agreement (AfCFTA) is expected to boost intra-regional activities by 52 per cent and help Nigeria and others benefit from a $29 trillion market by 2050. […]
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade. Mr Abebe Selassie, the Director of the African Department at the IMF, gave the position at a media briefing on the sidelines of the World Bank/IMF Annual Meetings in Washington. He was responding […]
Joy Obakeye Standards Organisation of Nigeria (SON) and the Manufacturers Association of Nigeria (MAN) have signed a Memorandum of Understanding (MoU), in a bid to promote economic and industrial growth in the country. According to a statement, SON stated that the move is part of efforts to further promote economic and industrial growth through manufacturing […]
The Nigerian Association of Small and Medium Enterprises (NASME) has stated that the agriculture value chain can provide over 50 million jobs if the Federal Government stops forex restriction as well as place an outright ban on food import. The Chairman of Agricultural Group of NASME, Lagos Chapter, Adam Adebayo made this suggestion in Lagos […]
Joy Obakeye The Director-General of the National Association of Commerce Industry Mines and Agriculture (NACCIMA), Ambassador Ayoola Olukanni has said that the over N5trillion spent annually by major businesses in the country to provide power is a big drain on resources. Speaking with The Daily Times in Lagos on Monday, the NACCIMA boss explained the […]
Mathew Dadiya – Abuja Nigeria May sign the long-awaited African Continental Free Trade Agreement (AfCFTA) as President Muhammadu Buhari has received the report of the Presidential Committee on Impact assessment and Readiness for the signing of the free trade agreement. The AfCFTA is a trade agreement between 52 African Union member states, with the goal […]
Joy Obakeye The National Association of Chambers of Commerce, Industry Mines and Agriculture (NACCIMA) has urged the federal government to sign the African Continental Free Trade Agreement (AFCFTA), to help reposition the country competitiveness in the area of locally manufactured goods. The immediate past President of the Association, Chief Iyalode Alaba Lawson, who disclosed this […]