Business Infrastructure Maritime Top Story Trade

Amaechi tasks contractors to speed up Lekki seaport, 90 per cent completed

Reading Time: 2 minutes The Minister of Transportation, Mr Chibuike Amaechi, has urged contractors of the Lekki Deep Seaport Project to speed up work to enable the government to approve all the necessary processes before the next election. Amaechi made this known in a statement on Saturday while inspecting the ongoing construction of the Lekki Deep Seaport Project in Read More…

Business Industry Top Story Trade

Ikorodu business holds maiden trade fair with great expectations

Reading Time: 2 minutes Ikorodu business is alive and wants the whole world to know. After all, it has been home to many industries both large and small, including Ragolis, the table water enterprise. Now, the Ikorodu Chamber of Commerce and Industry (ICCI) is organising its maiden trade fair, ”Ikorodu Division Expo (IKODIV Expo 2021), to explore business opportunities Read More…

Business Top Story Trade

Nigeria’s Okonjo-Iweala makes history as new head of WTO

Reading Time: 4 minutes Nigeria’s Ngozi Okonjo-Iweala was selected by consensus to be the next director-general of the World Trade Organization at a closed-door meeting on Monday, according to two sources attending the meeting. All members of the WTO’s top decision-making body, the General Council, agreed on her appointment in a virtual meeting which had just one agenda item, Read More…

Business Top Story Trade

Final WTO talks under way on selecting new leader, delegates say

Reading Time: 2 minutes Image Credits: REUTERS. World Trade Organization members are conducting final consultations this week on selecting a new director-general (DG) and are widely expected to endorse Nigeria’s candidate at their next formal meeting, delegates said on Monday. Washington backed Nigerian former finance minister Ngozi Okonjo-Iweala on Friday, reversing its previous opposition and prompting her to express Read More…

Business Economy Top Story Trade

African nations begin trading under AfCFTA pact

Reading Time: 3 minutes Image Credits: PIUS UTOMI EKPEI/AFP/Getty Images, AWP Network. African Union (AU) Chairperson Cyril Ramaphosa and Ethiopian Prime Minister Abiy Ahmed have congratulated Africans for starting trading under the African Continental Free Trade Area (AfCFTA). Abiy tweeted: “Congratulations to our continent for the beginning of trading under AfCTA. The new frontier for Africa is indeed regional Read More…

Business Economy Top Story Trade

African Continental Free Trade Area Agreement comes into effect

Reading Time: 2 minutes Image Credits: REUTERS, Quartz. The African Continental Free Trade Area (AfCFTA) agreement comes into effect on January 1, 2021, but Zambia is one of the 21 countries that have not yet deposited their instruments of ratification. Zambia’s Minister of Commerce, Trade and Industry, Christopher Yaluma, disclosed at a media briefing in Lusaka on Thursday that Read More…

Business Economy Featured Trade

Border re-opening is a good step toward exiting recession – Badagry Chambers

Reading Time: 2 minutes Image Credits: Vanguard. The Badagry Chambers of Commerce, Industry, Mines and Agriculture (BACCIMA) says the reopening of four land borders in parts of the country will boost trade between Nigeria and her neighbours and help the economy to grow. Mr Opeyemi Oke, the Director-General, BACCIMA, said this in an interview with the News Agency of Read More…

Business Featured Trade

Trade expert tasks ECOWAS on border laws, policies

Reading Time: 2 minutes Image Credits: REUTERS/Charles Placide Tossou, PIUS UTOMI EKPEPIUS UTOMI EKPEI/AFP/Getty Images. Dr Ken Ukaoha, a trade and economic development advocate, has urged ECOWAS to ensure that trade and border related laws and policies within West Africa are implemented dutifully.. He made the call on Saturday in Abuja while reacting to the reopening of four land Read More…

Business Top Story Trade

Jubilation in Seme as FG reopens 4 land borders

Reading Time: 2 minutes Image Credits: NAN Photo. There was jubilation in Seme, near Badagry, Lagos State, on Wednesday as Federal Government ordered the reopening of four land borders across the country. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, announced the immediate reopening of four land borders after the Federal Executive Council meeting held virtually Read More…

Business Metro Top Story Trade

On Day 7 of Lagos trade fair, improved turnout excites exhibitors

Reading Time: 2 minutes Turnout of visitors at the 2020 edition of the Lagos International Trade Fair (LITF) improved on Thursday as it entered its seventh day. the News Agency of Nigeria (NAN) reports. Exhibitors at the Tafawa Balewa Square venue attributed the development to the rush-hour syndrome as the 10-day event begins to draw to a close. Mrs Read More…