Business Top Stories

AfCFTA: With $3trn GDP, Africa will be largest free trade area worldwide — Afreximbank

Ihesiulo Grace 24 September 2021 0

The Africa Export-Import Bank (Afreximbank) says with a Gross Domestic Product (GDP) of US$ 3 trillion, Africa will be the biggest free trade area in the world. Prof. Benedict Oramah, the President/Chairman, Board of Directors, Afreximbank, said this at the opening of the Agriculture Summit

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First negative list for trade in services manifests China’s determination to open its door wider

Ihesiulo Grace 8 August 2021 0

China’s Ministry of Commerce recently released a negative list for cross-border trade in services in the Hainan Free Trade Port (FTP), south China’s island province Hainan. It is the first negative list for cross-border services trade in the country. The list set out 70 special management measures in 11 categories for overseas services providers. For […]

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FEC ratifies Nigeria’s membership of African Free Trade Zone

Ihesiulo Grace 12 November 2020 0

The Federal Executive Council ratified Nigeria’s membership of the African Continental Free Trade Area Agreement on Wednesday in Abuja. Minister of Information and Culture, Alhaji Lai Mohammed, made this known at the end of the weekly meeting of the Council chaired by President Muhammadu Buhari. According to the minister, with the ratification, Nigeria has beaten […]

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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 […]

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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

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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, […]

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Content Board lauds Dangote Refinery on local content

Ihesiulo Grace 15 October 2018 0

Nigerian Content Development and Monitoring Board (NCDMB) has praised the management of Dangote Petroleum Refinery and Petrochemical Free Trade Zone Enterprises (DPRP) over its adherence to the local content law in the execution of its projects and declared its intention to further partner with it for effective implementation of the Local Content policy in the […]