Trade

Showing: 91 - 100 of 113 Articles
Business Solutions Trade

German Chancellor to pay 3-day official visit to Nigeria

Abuja, Oct. 27, 2023 – German Chancellor Olaf Scholz is to begin an official tour of Nigeria from Oct. 29 to Oct. 30, 2023. A statement from the German Embassy said the visit would further strengthen bilateral relations between the two countries. “It is the first visit of a Head of Government to Nigeria since the inauguration of the new government. “With diplomatic relations spanning over 60 years, Germany and Nigeria have a warm and longstanding relationship. “They are natural partners as both are the strongest economy and the most …

Business Planning Investment Trade

Afreximbank, Morocco sign MoU on trade, investment promotion

Marrakech (Morocco), Oct. 16, 2023 – The African Export-Import Bank (Afreximbank) has entered into a Memorandum of Understanding (MoU) with Morocco to develop a US$1billion Morocco-Africa Trade and Investment Promotion programme. According to the terms of the MoU, the programme aims to facilitate and guide future cooperation in areas of common interest between Afreximbank, the Ministry of Economy and Finance of Morocco, other government departments, and Moroccan economic operators.    Areas of collaboration under the programme will include financing and promoting intra- and extra-African trade through the implementation of credit, risk bearing …

Trade

Kebbi State suspends mining activities

Birnin-Kebbi, Sept. 22, 2023 – Kebbi State Government has suspended mining activities in the state due to heightened insecurity reports across the state. Alhaji Yakubu Bala-Tafida, told journalists in Birnin-Kebbi on Friday that there were increasing security concerns from the mining sites, He said the decision was also due to lack of verified evidence of positive economic impact of mining activities in the state.  “Also, there is a total absence of accruable revenue in the names of ecological tax and development levy for state and local governments, respectively. “A significant …

Trade Travel

United Nigeria Airlines gets approval to operate international flights

Abuja, Sept. 10, 2023 – The United Nigeria Airlines has received approval to operate international flights to the USA, UK, UAE, Netherlands, Italy and Ireland. The airliner is a private operator in Nigeria. It received its Air Operators Certificate, in 2021.  The approval is in line with the Bilateral Air Services Agreement between Nigeria and each of the countries. The approval letter from the Ministry of Aviation and Aerospace Development, dated September 8, 2023, was signed by Director, Air Transport Management, H.T. Ejiburu “I am directed to acknowledge receipt of …

General News Investment Trade

Tinubu assures Indian investors of enormous profits in Nigeria

New Delhi, Sept. 5, 2023 – President Bola Tinubu on Tuesday assured potential Indian investors of enormous profits in Nigeria. A statement by Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, said Tinubu started meeting Indian investors within minutes of his arrival in India. “I am here to personally assure our friends and investors that there is no bottleneck that I will not break. “Nigeria will become one of the most conducive places on earth to make good profits and create lasting jobs,” Tinubu told the …

General News Trade

APC chieftain calls for port reforms to facilitate international trade

Lagos, June 9, 2023 – Mr Bola Babarinde, a former Chairman of the South African Chapter of All Progressives Congress (APC), has advised President Bola Tinubu to reform the nation’s ports to enhance ease of doing business and aid economic growth. Babarinde, in a statement in Lagos on Friday, described ease of doing business as a potent catalyst for trade facilitation and economic growth. “It is important to address a small, but important area that can help the new administration of Asiwaju Bola Ahmed Tinubu to take off with great …

Foreign Trade

Nigeria, Indonesia trade volume exceeds $4.7bn – official

Lagos, June 2, 2023 – The trade volume between Nigeria and Indonesia is more than $4.7 billion, surpassing the initial target of $4 billion. Ishmael Balogun, the President of Nigerian-Indonesian Chamber of Commerce and Industry (NICCI), said this during a two-day Equipment and Manufacturing West Africa 2023 Exhibition and Conference in Lagos. He said that the chamber had decided to address the trade imbalance between the two countries which stood at $2.8 billion at the first Nigerian-Indonesia Trade Forum (NITF) in Jakarta. Balogun said that in order to redress the …

Investment Trade

LCCI calls for improved trade between Nigeria, Poland

Lagos, June 2, 2023 – The Lagos Chamber of Commerce and Industry (LCCI) has called for improved trade volume between Nigeria and Poland which currently stands at $800 million annually The volume of trade between Nigeria and Poland currently stands at about $800 million annually. Dr. Michael Oluwale Cole, the President of LCCI, made the call while signing a Memorandum of Understanding (MoU) with his Polish counterpart at a Polish Business Forum in Lagos. He said the MoU was to rekindle the moribund business relationship between the two countries which started …

Foreign Investment Trade

2023 Intra-African Trade Fair to gulp $43bn – Afreximbank

Cairo, May 2, 2023 – More than $43 billion is being committed to hosting the 2023 Inter-African Trade Fair in Cairo, Egypt. The African Export-Import Bank (Afreximbank) said in a statement that the fair would host more than 1,600 exhibitors and more than 35,000 visitors, buyers and conference delegates from all 55 African countries, the Diaspora and the rest of the world.   Cairo, the Egyptian capital, has been selected to host the trade fair holding from Nov. 9 to Nov.15, 2023. The IATF2023 Advisory Council said the decision to change …

Business Solutions Trade

Ban imported goods that can be produced locally – Mamora

Abuja, May 16, 2023 – Dr Olorunnimbe Mamara, the Minister of Science, Technology and Innovation, has suggested that government should ban all imported goods that can be produced locally. Mamora gave the advice on Tuesday at the ministerial media briefing held at the Presidential Villa in Abuja. He expressed regret that most of the inventions by agencies under his ministry were gathering dust on shelves because of lack of patronage. Mamora said his ministry was having a challenge taking research products to the market, saying that it is only when …


Notice: ob_end_flush(): Failed to send buffer of zlib output compression (0) in /home/gbn/public_html/wp-includes/functions.php on line 5493