Tag: Trade

FG, U.S. Sign $1.1m Grant for Electricity Development

Henry Solomon- February 11, 2020

The Federal Government and United State Trade and Development Agency have signed a 1.1million dollar grant to support electricity infrastructure development in Nigeria. The agreement ... Read More

Due diligence delays signing AfCFTA

admin- February 11, 2019

Nigeria has again explained it has yet to sign the African Continental Free Trade Area (AfCFTA) because it is carrying out due diligence to ensure ... Read More

Zenith Bank drives trading on NSE

admin- November 22, 2018

Zenith International Bank dominated trading activities on the Nigerian Stock Exchange (NSE) accounting for 90.04 per cent of the total volume of shares traded. The ... Read More

Naira Steps Up Against Dollar at Parallel Market

Henry Solomon- June 13, 2018

The Naira on Wednesday gained 50 kobo to firm against the dollar at the parallel market in Lagos. The Nigerian currency exchanged at N361 to ... Read More

17m people left Africa in 2017, says UN report

Arowobusoye Samuel- June 1, 2018

No fewer than 17 million Africans left the continent in 2017 in search of greener pastures, a new report by the UN Conference on Trade ... Read More

President Buhari Urges D-8 To Prioritize Incentives For Trade, Investment Among Member Countries

AMT Tanimu- October 20, 2017

Garba Shehu, Ankara: President Muhammadu Buhari on Friday in Istanbul urged D-8 leaders to prioritize incentives and measures aimed at increasing trade and investments among ... Read More

U.S. Advises Africa Against Banning Used Clothing

Henry Solomon- August 5, 2017

The U.S. has advised  African countries against banning importation of used clothing, for them to continue benefiting from Africa Growth Opportunity Act (AGOA) Scheme which ... Read More

Nigeria Can Generate $10bn From Honey – USAID

Henry Solomon- June 29, 2017

Mr David Musa, the Team Leader, USAID Bee Keeping Pollination Project, says Nigeria can generate over 10 billion dollars from local and international trade in ... Read More

Acting President Task Regulatory Agencies To Act As Agents Of Change

Henry Solomon- February 28, 2017

It is the role of government’s regulatory agencies to act as catalysts of beneficial change and to take responsibility for facilitating businesses in the country, ... Read More

Minister Of State For Trade And Investment Charges Traders On Economy Diversification

Abdul Jimoh- December 16, 2016

Minister Of State Trade And Investment The minister of state trade and investment Aisha Abubakar has challenged Nigerian traders to diversify and go into trading ... Read More

Senate To Consider Trade Facilitation Legislation In Nigeria

AMT Tanimu- November 8, 2016

Senate will consider legislation to reform the administration and management of the customs and excise system in Nigeria. The bill, the Customs, and Excise Management ... Read More

Nigeria, Kenya, South Africa, Egypt To Start Free Trade Zones –FG

Suleiman Idris- September 3, 2016

Nigeria is to establish a free trade zone with three other African countries. They include Kenya, South Africa and Egypt. The Minister of Foreign Affairs, ... Read More

Naira/Chinese Yuan Swap Will Boost Economy – Bureau De Change

Henry Solomon- April 16, 2016

Alhaji Ibrahim Yelwa, a bureau de change operator in Sokoto, says the recent currency swap agreement between Nigeria and China will boost bilateral trade between ... Read More

Buhari, Emefiele Sign Currency Deal With China, an Act to Crash Dependence on The US Dollar

Arowobusoye Samuel- April 13, 2016

President Muhammadu Buhari and Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele moved closer to actualizing their promise to strengthen the naira against the ... Read More

China Offers Nigeria $15m For Agricultural Exploration

Henry Solomon- April 13, 2016

Chinese President Xi Jinping on Tuesday in Beijing offered 15 million dollars agricultural assistance to Nigeria for the establishment of 50 Demonstration Farms across the ... Read More

Reduce Trade Imbalance Between Nigeria And China ~ President Buhari Urges Nigerian And Chinese Business Communities

Abdul Jimoh- April 12, 2016

President Muhammadu Buhari Tuesday in Beijing called on the Nigerian and Chinese business communities to work harder to reduce the trade imbalance between both countries ... Read More

Buhari Passionate About Revival Of Textile Sector, Gives Presidential Directive To Revive

Henry Solomon- April 5, 2016

The Ministry of Industry, Trade and Investment, said on Monday that it has received a presidential directive to revive the cotton, textile and garment (CTG) ... Read More

Ministry Of Transportation Seeks To Explore Maritime Sector To Derive Revenue

Henry Solomon- March 20, 2016

As the nation desperately seeks other revenue sources, the Minister of Transportation says the Federal Government is disposed to exploring the opportunities in the maritime ... Read More

Bank of Industry launches N10bn Youths Entrepreneurship Support Project

Henry Solomon- March 17, 2016

The Bank of Industry (BoI) on Thursday formally launched a N10 billion Youths Entrepreneurship Support (YES) project to empower youths with loans to start businesses. ... Read More

Naira Trades N370 To Dollar At Parallel Market, Appreciates By N20

Henry Solomon- February 23, 2016

The Naira appreciated by N20 on Monday, exchanging for N370 to the dollar at the parallel market. The News Agency of Nigeria (NAN) reported that ... Read More