The Economic Commission for Africa (ECA), has urged African nations to accelerate implementation of the African Continental Free Trade Area (AfCFTA) to make it more resilient and globally competitive. Acting Executive Secretary of the ECA, Antonio Pedro said this in…
By Omolola Dede Adeyanju The Manufacturers Association of Nigeria (MAN) has released its Manufacturers CEO’s Confidence Index (MCCI)’s Aggregate Index Score (AIS) for the fourth quarter of the previous year. This was related through a press statements from the association…
Nigeria’s January inflation figure rose from 21.34 per cent in December to 21.82 per cent in January, according to National Bureau of Statistics, NBS recent data. The January 2023 inflation rate showed an increase of 0.47% points when compared to…
TAJBank Ltd., Nigeria’s foremost non-interest bank, on Tuesday listed its Sukuk Bond on the floor of the Nigerian Exchange Ltd., (NGX). The bank listed N10 billion Mudarabah Sukuk issuance after it successfully raised over N11.4 billion under its N100 billion…
The Nigerian Content Development and Monitoring Board (NCDMB), says the African Continental Free Trade Agreement (AfCFTA) presents a critical legal framework that can be leveraged to achieve the collaborative local content strategy in Africa. Executive Secretary of the Board, Mr…
By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency (NIMASA), has expressed commitment to playing a leadership role that will ensure growth and development of the maritime sector. The Deputy Director, Shipping Development of NIMASA, Hajiya Rakiya Lamai made this…
Nigeria’s first deep-water exploration and production vessel, Bonga, hit a one-billion-barrel oil export mark on Monday. The Managing Director, Shell Nigeria Exploration and Production Company Ltd., (SNEPCo), Mrs Elohor Aiboni said this in a statement in Lagos. Aiboni said that the…
Mr Ben Llewelyn-Jones, British Deputy High Commissioner in Lagos, says UK exports to Nigeria amounted to 3.3 billion pounds in the four quarters of 2022. He said that the total UK imports from Nigeria, in the period, amounted to 2.2…
The Niger State Government on Saturday revealed that it had filed a lawsuit against the Federal Government of Nigeria over the naira redesign policy of the Central Bank of Nigeria (CBN) at the Supreme Court. This was disclosed in a…
On Friday, an economic expert, Bismarck Rewane, projected a three-to-five-per cent drop in the gross domestic product (GDP) of Q1 2023 as a direct result of the naira redesign policy of the Central Bank of Nigeria (CBN). Earlier, the Central…
