Highlights of African Trade Report 2024, by Yemi Kale
It provides an analysis of the economic environment, trade patterns, debt scenarios, and future projections for African economies.
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Afreximbank Loans Fidelity Bank $40mn to Boost Trade Flows Between Nigeria, UK
In the words of the MD/CEO of Fidelity Bank, Dr (Mrs) Nneka Onyeali-Ikpe, ‘We are very thankful to Afreximbank for supporting our expansionary initiatives for international growth.
After Oil Refinery, Dangote Eyeing Investment in Steel Manufacturing
Data from the National Steel Raw Materials Exploration Agency (NSRMEA), shows that total steel consumption in the country averages around 10 million metric tonnes of which 70 percent is imported.
SON Sanitizes Electrical Markets in Ekiti, Seizes Cables Worth N30.5m
The SON, he stressed, would not relent in its mandate of ensuring that only quality products are allowed in the markets.
How Franchising Kills Mr Bigg’s
Mr Bigg’s had more than 170 outlets in South West Nigeria then, but now more than 95 percent of them are inactive. Some have been leased out, sold or closed down.
Dangote Sinotruck $100mn CKD Assembly Plant in Lagos
The plant has the capacity to assemble and produce 10,000 trucks annually. It is a joint venture, controlled by Dangote with a leading share of 65% and Sinotruck of China with 35%.
RMRDC’s New DG Sets Goals for Self and Staff
Prof. Ike-Muonso reminded participants drawn from Directorate cadre and Heads of Divisions that RMRDC occupies a critical position in Nigeria’s economic and industrial development aspirations.
Thousands of jobs underway in sugar industry – NSDC boss
They are laying irrigation pipes, they are completing other infrastructure, they are expanding their factories and rehabilitating them, and so on.
NPA Reduces Entry Time for Export Trucks to 48hrs from 72hrs
Mohammed Bello Koko, MD/CEO of Nigeria Ports Authority in collaboration meeting with the Nigeria Customs Service and Ports stakeholders.
Tinubu Tasks Dev’t Financiers on Investments In Agric, Infrastructure
Nigeria holds the second-largest IFC portfolio in Africa with an active investment portfolio of $2.1 billion as of April 2024