The World Trade Organization’s bid to select a new leader was plunged into uncertainty on Wednesday after the United States rejected the Nigerian woman proposed as the global watchdog’s next director-general. Three WTO ambassadors, charged with finding a successor to Brazilian Roberto Azevedo, had decided that Nigerian former finance minister Ngozi Okonjo-Iweala should be the Read More…
The Lagos Chamber of Commerce and Industry (LCCI) has unveiled plans to host the 2020 edition of the Lagos International Trade Fair to promote trade and drive industrialisation. Mr Gabriel Idahosa, Chairman, Trade Promotion Board, LCCI, made this known at a press conference on Tuesday in Lagos. Idahosa said the 2020 edition of the Lagos Read More…
PICTURE ABOVE: Ears of orange maize lines following harvesting, on experimental plots at the Zambia Agriculture Research Institute (ZARI). (Via CIMMYT on Flickr) The Central Bank of Nigeria (CBN) has directed all athorised dealers to discontinue the processing of Form M for the importation of maize with immediate effect. The CBN made this known in a Read More…
PICTURE ABOVE CREDIT: FINANCIAL TIMES The Nigerian Ports Authority (NPA) says it is expecting 14 ships laden with petroleum products, food items and other goods from Saturday to July 25. The NPA made this known in its publication, `Shipping Position’, a copy of which was made available to the News Agency of Nigeria (NAN) in Read More…
Capt. Ibraheem Olugbade, Executive Director, SIFAX Off Dock, has urged stakeholders in the maritime sector to adopt cargo movement through barge to off dock to decongest Lagos ports. Olugbade gave the advice in a statement signed by Mr Muyiwa Akande, Corporate Affairs Manager, SIFAX Group, in Lagos on Friday. According to Olugbade, the challenges of Read More…
The International Trade Centre has announced the launch of SheTrades Outlook, a digital tool that allows governments and others to track progress on gender equality in trade. It also tracks progress toward achieving Sustainable Development Goal (SDG) 5 to empower all women and girls. ITC launched the SheTrades Outlook at a side event of the Read More…
Africa possesses a more powerful tool in the African Continental Free Trade Area (AfCFTA) for accelerating regional and economic integration, the UN Economic Commission for Africa (ECA) has said. The Executive Secretary of the United Nations body, Ms Vera Songwe, stated this on Tuesday in a virtual panel discussion to mark the inaugural Africa Integration Read More…
Dr Amy Jadesimi, Managing Director of Lagos Deep Offshore Logistics (LADOL) base, a logistics and engineering facility, says local production is key to servicing trade in the African Continental Free Trade Area (AfCFTA) agreement. Jadesimi said in Lagos on Friday that the trade should not just be about importing from wealthy countries and distributing them Read More…