Business

AfCFTA: ‘Lack of export strategy undermines Nigeria’s gains’

The lack of export strategy by Nigeria will deny her the opportunity of reaping maximally from African Continental Free Trade Area (AfCFTA), a faculty member of the Lagos Business School (LBS), Dr Frank Ojadi, has said. To block the loophole, he advised government to design one that will guide products meant for export. Ojadi made […]

Business

UK invests £35m to support AfCFTA implementation

UK has launched a programme of up to £35 million to support negotiations and implementation of the African Continental Free Trade Area (AfCFTA) agreement. AfCTFA is expected to lift 30 million people out of extreme poverty, create jobs and provide new commercial opportunities for businesses across Africa and the UK. It comes as Wamkele Mene, […]

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AfCFTA: Inequality in exchange rate costing Africa’s economy $5bn yearly

Promoters of Africa Continental Free Trade Area (AfCFTA) has said that the abnormalities being experienced in the foreign exchange rate conversion in the continent is costing multilateral trade in the continent an estimated $5 billion yearly and is also playing a major setback in the continent’s GDP growth. Precisely, the management of AfCFTA said that […]

Business

AfCFTA: Expert tasks AU members on opportunities for women

To ensure that women have access to new opportunities that would be created by the African Continental Free Trade Area (Af- CFTA), especially in economic areas such as agriculture, industry, services and trade, African Union (AU) members must take intentional steps in creating and implementing gender-sensitive policies and implementing targeted complementary measures, the Lead Researcher […]

Business

Exploring cocoa derivatives under AfCFTA

With the African Continental Free Trade Area (AfCFTA) in place already, the Federal Government has disclosed that by taking advantage of the trade treaty, Nigeria has the capacity to export $3 billion worth of derivatives from cocoa and $300 million from the sale of the raw unprocessed commodity to boost the country’s foreign exchange earnings. […]

Business

AfCFTA: Microsoft 4Afrika roots for technology

…extols partnership with FirstBank, MTN, others The Regional Director, Microsoft 4Afrika, Amrote Abdella, has said that the digital outfit’s partnership with some institutions has turned out positive as it has elevated the status of Small and Medium scale Enterprises sector. Abdella, in her column on Africa Business Communities, said partnership with FirstBank, Vodacom, MTN and […]

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AfCFTA: Nigeria faces dilemma over export terminal ‘conversion’

As the Africa Continental Free Trade Area (AfCFTA) takes off in earnest, there are fears that one of Nigeria’s export port terminals, Ikorodu Lighter Terminal,may be out of use for the purpose it was built for a long time. Findings by New Telegraph revealed that the port, built specifically to boost the Federal Government’s N2.5 […]

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Infrastructure deficit may hamper AfCFTA implementation –FG

The Federal Government, yesterday, lamented that infrastructure deficit may hamper the implementation of the African Continental Free Trade Area Agreement (Af- CFTA). The Minister of Trade and Investment, Otunba Niyi Adebayo, who stated this at a press conference in Abeokuta, Ogun State, noted that infrastructure deficit must be fixed for Nigeria to take full advantage […]

Business

AfCFTA: Nigeria to leverage telecoms, banks’ spread in Africa

Banks, telcos to tap from $504bn market Faced with a challenged manufacturing sector, the Nigerian government has said it will be leveraging the service sector to gain benefits from the African Continental Free Trade Area (AfCFTA). To this end, Nigerian banks, telecom operators and fintech companies in other African countries are being projected as the […]

Business

AfCFTA: FG targets $50bn intra-Africa export

The Federal Government has said it is targeting an intra-Africa export trade valued at $50 billion annually through the implementation of the African Continental Free Trade Area (AfCFTA). This target, government said, is to be achieved by 2035. Senior Special Assistant to President Muhammadu Buhari on Public Sector Matters, Mr. Francis Anatogu, who disclosed this […]

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