News

FG Engages Trade Unions to Resolve Industrial Crisis with RTEAN

DailyTimesNGR DailyTimesNGR 18 January 2024 0

By Ukpono Ukpong The Federal Government has continued to actively maintain open communication with major trade unions, aimed at preventing future strikes, fostering positive labor relations, and ensuring a friendly working environment for workers. Minister of Labour and Employment, Barr

Business

Trade volume between Nigeria, EU hits €45bn

Ihesiulo Grace 14 September 2023 0

By Joy Obakeye The trade volume between Nigeria and the European Union(EU) has hit €45billion euros. Ambassador Samuela Isopi, Head of Delegation to the European Union and ECOWAS stated this in Abuja when she in the company of the Acting Head of Cooperation of EU, Mr. Ruben Alba Aguile ra, paid a courtesy visit to […]

News

Africa needs urgent trade finance boost, says report

Ihesiulo Grace 20 September 2020 0

Africa needs urgent financing to re-energise its trade in the continent in the wake of the COVID-19 pandemic, a joint report has stated. This is according to the latest trade finance report, jointly released by the African Development Bank (AfDB), and the African Export-Import Bank (Afreximbank), on Sunday. The report, titled: “Trade Finance in Africa: […]

Business

NB hosts trade partner, fetes them with vehicles, other incentives

Ihesiulo Grace 9 March 2020 0

Nigerian Breweries Plc (NBP), held an exciting two day event in Lagos to reward and celebrate its esteemed trade partners. The 2020 Distributors Award held recently a pre-awards dinner where popular soap opera actor and Radio Host, Steve Onu, popularly known as Yaw, thrilled the company’s trade partners to an entertaining evening of jokes, games and […]

Politics

Buhari presides over FEC as Ministries of Power, Trade make presentations

Ihesiulo Grace 19 February 2020 0

Abuja – President Muhammadu Buhari on Wednesday presided over the meeting of the Federal Executive Council (FEC) at the Council Chamber of the Presidential Villa, Abuja. The Ministries of Power as well as Trade and Investment are scheduled to make presentations on their activities in the past 100 days. Others expected to make presentation at […]

Business

Afreximbank: Trade Transformation is task for all financial institutions

Ihesiulo Grace 27 October 2018 0

African Export-Import Bank (Afreximbank) Executive Vice President, Business Development and Corporate Banking Amr Kamel has said that the transformation of trade in Africa is a task that all African financial institutions must collectively pursue as major stakeholders in its quest to facilitate African trade. Speaking during a roadshowin Dar Es Salam on Tursday, organized

News

Registration Opens for 2019 Certificate of Finance in International Trade Programme

Ihesiulo Grace 23 October 2018 0

The African Export-Import Bank (Afreximbank), the FCI+IFG Union and the University of Malta today in Cairo announced the opening of registrations for the 2019 cohort of the Certificate of Finance in International Trade (COFIT). Stephen Kauma, Afreximbank’s Director & Global Head of the Human Resources Department, said that COFIT 2019, which is open to banking […]

Business Headlines

Afreximbank declares 2018 Structured Trade Finance Seminar, invites registrations

Ihesiulo Grace 12 September 2018 0

The Structured Trade Finance Seminar and Workshop, organized annually by the African Export-Import Bank (Afreximbank), will be hosted in Casablanca, Morocco, from 7 to 9 November, the Bank announced today in Cairo. The 2018 seminar and workshop, being organized in collaboration with the Ministry of Economy and Finance of Morocco, will be the 18th in […]

News

Nigeria records N2.1trn trade surplus in Q1

Ihesiulo Grace 7 June 2018 0

National Bureau of Statistics (NBS) has said that Nigeria in the first quarter (Q1) of 2018 recorded a trade balance in excess of N2 trillion. NBS in its latest report issued on Wednesday, indicated that strong increase in export trade in the first quarter of 2018 led to the surplus balance of trade amounting to […]

Business News

FG reiterates commitment to economic diversification

Ihesiulo Grace 1 June 2018 0

The commitment of the Federal Ministry of Industry, Trade and Investment to initiate policies that would contribute to the diversification of the economy has again been reiterated. The Director, Industry Development Department (IDD) Mr. Kunle Olorode, stressed that the significant role Micro Small and Medium Enterprise (MSMEs) play as the engine of economic growth and […]

News

We shall prioritize staff welfare – Perm Sec

Ihesiulo Grace 1 March 2018 0

The Permanent Secretary of Federal Ministry of Industry, Trade and Investment, Mr. Edet Akpan has stated that the Ministry will prioritize settlement of all outstanding allowances of staff including repatriations, death benefits and others despite paucity of funds. This was contained in a statement signed by Josephine Ademu, Head, Press Unit of the Ministry on […]

Business News

Lagos Trade Fair: FirstBank set to fete customers with bouquet of products

Ihesiulo Grace 7 November 2017 0

First Bank of Nigeria Limited has announced its participation at the 2017 Lagos International Trade Fair, scheduled for November 3 – 12, 2017 at the Tafawa Balewa Square, Lagos. The fair, themed: “Promoting Industrialisation for Economic Recovery and Sustainable Growth,” would bolster the current efforts at creating a diversified economy needed for the stimulation of […]

Business News

Fresh bailout: TUC charges FG not to release fund until govs pay workers

Ihesiulo Grace 19 October 2017 0

The Trade Union Congress of Nigeria (TUC) has commended President Muhammadu Buhari for telling governors the gospel truth on how he feels about their failure to pay salaries and pensions despite the interventions of the federal government. The congress also floored some state governors for asking for the release of 50 per cent of the […]

Business Labour

How AFL–CIO Is Opposing Obama’S Trade Pact

Ihesiulo Grace 22 April 2015 0

The American Federation of Labour and Congress of Industrial Organisations AFL-CIO’s PACs recently stopped all donations to Congress members’ campaigns as a way to protest Trade Promotion Authority, also known as “fast-track.” AFL-CIO head Richard Trumka explains that the legislation would also pledge Congress to only give the pact an up-or-down

Business

Dubai's Port and Free Zone World Completes $1.1 Bn Loan

Ihesiulo Grace 21 March 2015 0

Port and Free Zone World (PFZW), the majority owner of listed Dubai-based ports operator DP World, has completed a deal to borrow $1.1 billion, a company spokesman said. Earlier banking sources had said the five-year loan would be used to help the company meet commitments at the group and subsidiary levels. PFZW is part of […]