By Yusuf Issa An-Nuphawi The Nigerian Government as a State Party has reassured its commitment to deepening regional trade through the African Continental Free Trade Area (AfCFTA) which promises to improve continental integration, create jobs, and increase export earnings. The National Coordinator, Nigeria AfCFTA Coordination Office, Olusegun Awolowo, gave the country’s reassurance at the ongoing…
Awolowo hails Tinubu, Olutayo as trade begins under AfCFTA The National Coordinator, Nigeria AfCFTA Coordination Office, Olusegun Awolowo, has hailed President Bola Ahmed Tinubu for his commitment to deepening intra Africa trade and economic diversification for revenue generation and job creation in Nigeria. The National Coordinator gave the commendation during the Nigeria Launch and flag-off…
PAPSS: Awolowo restates FG’s commitment to cross-border trade The Executive Secretary of the National Action Committee on the African Continental Free Trade Area (NAC-AfCFTA) Agreement, Olusegun Awolowo, has described the Pan-African Payment and Settlement System (PAPSS) as a game-changer for seamless intra-African cross-border payments. Awolowo made the assertion on Thursday, 25th April,2024 while addressing Nigerian…
President Bola Tinubu says Nigeria is well-positioned to power the clean energy future of Europe and the world with its high-grade lithium deposits. Speaking during a meeting with Prime Minister Mark Rutte of the Netherlands at his official residence, known as The Catshuis in The Hague, on Thursday, the President said Nigeria offers immense opportunities…
The Nigeria Customs Service (NCS) and the Customs Administration of Benin Republic, over the weekend, deliberated on strategies aimed at amplifying trade activities between the two countries. In a press statement by the national public relations officer, Abdullahi Maiwada, the collaboration was also to ensure seamless implementation of recommendations previously discussed during their rendezvous in…
A US court in Idaho district has ordered an American company, Domtec to pay BUA International Limited £343,750.91 in arbitral award. The United States District Court for the District of Idaho gave the order to Domtec International LLC, an Idaho-based company specialising in the building of concrete domes. According to court papers obtained by PREMIUM…
The Central Bank of Nigeria (CBN) has lifted the restrictions placed on trade and payment services transactions on the Pan African Payment and Settlement System (PAPSS). PAPSS is a cross-border, financial market infrastructure enabling payment transactions across Africa. The CBN disclosed this in a circular signed by Hassan Mahmud, director, trade and exchange department. This…
The Russia-Ukraine and Israel-Gaza wars are sending shockwaves through the Nigerian economy, pushing up the price of everything from data to diesel and wheat products. The Russia-Ukraine war, which started on February 24, 2022, has shown no signs of nearing its end, fuelling volatility in the global crude oil market. Last week, a drone attack…
Olutayo: How Nigeria ‘ll leverage AfCFTA to boost digital exports Large market access and other opportunities await players in Nigeria’s technology industry as the country prepares to commence export of goods and services to a few countries outside ECOWAS regional block under the Guided Trade Initiative (GTI) of the African Continental Free Trade Area (AfCFTA)….
Nigerian government has signed agreement under the Guided Trade Initiative (GTI) of the African Continental Free Trade Area (AfCFTA) Agreement to commence export of goods and services to a few countries outside ECOWAS regional block in April, 2024. The Executive Secretary of the National Action Committee on AfCFTA, Olusegun Awolowo, disclosed this on Thursday in…
