Nigeria has officially gazetted and transmitted the ECOWAS Schedule of Tariff Offers for Trade in Goods under the African Continental Free Trade Area (AfCFTA) to the AfCFTA Secretariat. Nairametrics reports that this move comes ahead of the 16th Council of Ministers Meeting on Trade scheduled for April 15 in Kinshasa, Democratic Republic of Congo, and…
For Nigeria, in terms of exports, it’s not too bad because oil minerals are excluded by America from being in any way sanctioned with tariffs. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said that the Federal Government’s Economic Team will review the impacts of the ongoing global tariff war…
The Nigerian government has committed 14.3% in counterpart funding, with UNIDO mobilizing the remainder through partnerships and donor contributions. ∆ Nigeria’s President Bola Tinubu The Federal Government of Nigeria, and the United Nations Industrial Development Organisation (UNIDO),have earmarked a total of $174.6 million budget for the implementation of the Programme for Country Partnership (PCP). At…
∆ President Bola Tinubu The House of Representatives has passed a bill to give foreign investors in Nigerian Citizenship for second reading. The proposed legislation titled , “A Bill for an Act to Alter the Constitution of the Federal Republic of Nigeria, 1999 to include Citizenship by Investment as one of the classes of Citizenship…
By Felipe Maciel, Manager, Environment and Climate Change Steel scrap is a vital part of the whole steel industry and its importance in reducing CO2 emissions, conserving resources, and driving the economics of the industry is only growing, but the difficulties in each of the stages of scrap processing pose challenges to steelmakers. The pressure on…
The National Sugar Development Council (NSDC) has commenced talks with the Abuja Chamber of Commerce and Industry (ACCI) for potential collaborations aimed at mobilising about $5 billion to drive investments in the sugar subsector. The proposed agreement followed the visit of ACCI President, Mr. Emeka Obegolu, to the Executive Secretary of NSDC, Mr. Kamar Bakrin,…
The Federal Government has declared a state of emergency at the Onne Port in Rivers State following the repeated incidents of importation of dangerous cargo, including arms and ammunition through this port. To this effect, the government said it is immediately implementing emergency protocols at Onne Port for the next three months by conducting thorough…
The President of Dangote Group, Aliko Dangote, has presented the first sample of Premium Motor Spirit, commonly known as petrol. Dangote made the presentation on Tuesday during a broadcast at his refinery located in the Ibeju-Lekki area of Lagos State. The refinery, with a capacity of 650,000 barrels per day, has been engaged in a…
