“In the next few days, ten Nigerian companies would be exporting different homemade products to countries across East, Central, and North Africa, under the African Continental Free Trade Area Agreement (AfCFTA).This declaration was made , yesterday in Lagos, by the Coordinator, National AfCFTA Coordination Office, Olusegun Awolowo. “Some of the companies include, Le Look Nigeria…
▪︎Melaku Alebel, Luo Zhaohui, Chairman of the China International Development Cooperation Agency (CIDCA) and DG Gerd Müller. ▪︎ ETHIOPIA The Ethiopian Minister of Industry, Melaku Alebel, has officially inaugurated the China-Africa-UNIDO Centre of Excellence located in Addis – Ababa. UNIDO reports that the centre is a pioneering tripartite initiative, to promote sustainable industrialization, agricultural modernization,…
◇ Kamar Bakrin The Executive Secretary/CEO of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin, has been elected Chairman of the International Sugar Organisation (ISO)‘s Administrative Committee. This is one of the outcomes of the 64th Council Meeting of the ISO which took place in New Delhi, India. The Administrative Committee is responsible for…
Achieved 81 percent of the collection of the first quarter of 2024 amounting to N3.94 trillion being an all-time highest in the same quarter and 56 percent higher than Q1 2023.
The WTO says that it’s member countries introduced more trade-facilitating measures than trade-restricting measures on goods, between mid-October 2023 and mid-May 2024. It’s Director-General, Dr Ngozi Okonjo-Iweala, said : ” It’s an important signal of members’ commitment to keep trade flowing despite the current geopolitical uncertainty.” WTO, in its latest Trade Monitoring Update issued on…
In Picture: L-R: Director- General, Manufacturers Association of Nigeria (MAN) Segun Ajayi-Kadir, mn President, MAN, Otunba Francis Meshioye, OFR; Deputy Chief of Staff to the President, Senator Ibrahim Hadejia and Director General, National Institute for Policy and Strategic Studies (NIPSS) Prof. Ayo Omotayo during the Presentation of Preliminary Report of the Nigeria Manufacturers Summit to…
Emzor Pharmaceuticals Industrial Limited, says that the trend of manufacturing only 30 percent and importing 70 percent of drugs by pharmaceutical companies in the country , will soon end. Funke Asiru, the company’s Director of Strategy, anticipated this development in the industry, following the federal government’s recent executive order which introduced zero tariffs, excise duties and value-added…
Participants in the workshop were operators of canteens, grillers, ‘Maishais’, and bukas.
▪︎ WTO DG, Ngozi Okonjo-Iweala UNIDO, WTO, ITC, Africa Finance Corporation (AFC) and International Islamic Trade Finance Corporation (ITFC), have begun mobilizing $12 billion to support the development of a sustainable cotton industry in the Cotton Four countries (Benin, Burkina Faso, Chad, Mali – or “C4”) and Côte d’Ivoire. The project, tagged ‘Partnership for Cotton…
At the meeting, LCCI President, Mr. Gabriel Idahosa, stated that the Lagos Chamber of Commerce and Industry (LCCI) is committed to strengthening bilateral relations between Nigeria and China.
