Business

AfCFTA: Nigeria to benefit from $29trn market by 2050

Ihesiulo Grace 24 February 2021 0

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

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Border closure: IMF backs Nigeria, urges speedy resolution of issue

Ihesiulo Grace 19 October 2019 0

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 […]

Business News

SON, MAN sign pact on industrial growth through manufacturing

Ihesiulo Grace 17 September 2019 0

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 […]

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Forex restriction: Agriculture sector can provide 50 million jobs – NASME

Ihesiulo Grace 20 August 2019 0

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 […]

Business

Nigerian businesses spent $14bn on generators in one year– NACCIMA DG

Ihesiulo Grace 23 July 2019 0

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 […]

Business

AfCFTA: Buhari receives report advising Nigeria to sign free trade deal

Ihesiulo Grace 28 June 2019 0

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 […]

Business

AFCFTA: NACCIMA restates need for FG to sign treaty

Ihesiulo Grace 21 May 2019

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