Year Review: Manufacturing contracts in 2020, industrialists unsure of 2021
Like many governments, the Nigerian government has identified industrialisation as the tool to generate tangible nonoil revenue, increase employment opportunities, and contribute maximally to GDP. As part of government’s efforts…
AfCFTA, opportunity to increase intra-African trade by over 50%, add $76bn in income to the rest of the world – Report
The African Continental Free Trade Area (AfCFTA), due to launch in January 2021, is likely to be a watershed for African regional and international agri-food trade, a new report said….
Border reopening: Goods coming in will increase market turnover, money in circulation – NIS
The President, Nigerian Institute of Shipping (NIS), Capt. Tony Onoharigho, on Thursday, said that the reopening of the nation’s land borders would lead to increased market turnover, with more goods…
‘Africa has great prospects for investors,’ AfDB tells Indian investors, officials
The groundwork has been laid for Indian investors who are looking to invest in Africa. During a recent virtual conference hosted by the Confederation of Indian Industry (CII) and its…
AfCFTA if implemented could lift 30m people out of extreme poverty by 2035, boost Africa’s income by $450bn – World Bank StudyÂ
The African Continental Free Trade Area (AfCFTA) represents a major opportunity for countries to boost growth, reduce poverty, and broaden economic inclusion, a new World Bank report has found. If…
COVID-19:Â Africa may lose half of its GDP with growth falling to about 2% – ECA warnsÂ
The Economic Commission for Africa (ECA) has raised an alarm that Africa may lose half of its GDP with growth falling from 3.2 per cent to about 2 per cent due…
COVID-19: Africa would need $ 10.6 bn in unanticipated increases in health spending to curtail virus —ECA
The Economic Commission for Africa (ECA) says Africa would need up to US$ 10.6 billion in unanticipated increases in health spending to curtail the spread of coronavirus while on the…
SON to establish labs in 6 geo-political zones, says Lagos labs have attained int’l accreditation
The Standards Organisation of Nigeria (SON) says it has concluded plans to establish laboratories in the six geo political zones for testing products and ensuring standardisation in the country. Mr…
Senate summons Aregbesola over visa-on-arrival policy
The Senate on Tuesday summoned the Minister of Interior, Rauf Aregbesola to explain details of the visa on arrival policy introduced by the Federal government. President Buhari had announced that…
Border closure: We’ve really advanced in the discussion, agreement with our neighbours – FG
Nigeria’s recent border closure drill has been linked to the recent rise in headline inflation which is currently at 11.61 per cent as of October 2019. The Minister of Finance,…