“Despite global headwinds, Africa’s trade rebounded strongly in 2024, with trade between African countries growing by 12.4% to reach US$220.3 billion, from a contraction of 5.9% in 2023. This shows the tangible benefits of AfCFTA implementation, even as the continent contends with rising inflation, sovereign debt risks, and a persistent trade finance gap.” Dr. Yemi…
Baladna’s Marketing and Communications Director, Aladdin Idilbi, has clarified that the Qatari firm and the Ogun State government hadn’t signed any agreement on building a multi-million dollar factory. Idilbi, in a WhatsApp message, said, “To clarify, the visit to Ogun State Governor, Dapo Abiodun, was purely exploratory, aimed at assessing potential sites for arable and…
Qatar’s dairy giant Baladna Food Industries is bringing in a multi billion dollar investment into Nigeria dairy industry, specifically in Ogun State. The investment which has already been approved by the State’s Governor, Dapo Abiodun, is expected to boost local dairy production and food security. Governor Abiodun, said ” If you could meet 35 percent…
• Dangote Cement 2024 AGM photo Dangote Cement Plc is adding 9 million metric tons (MTA) annual capacity to bring its combined outputs in Nigeria and in other African countries to 61 MTA. The company’s Chairman, Aliko Dangote, disclosed this during the 2024 annual general meeting held in Lagos. Dangote told the shareholders and the directors…
The Nigeria Customs Service (NCS) has expressed a strong commitment to fast-tracking Nigeria’s integration into global trade systems through the adoption of international trade facilitation standards developed by the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT). This assurance was given during a high-level stakeholders’ interactive session organised recently by the Nigerian Export…
” … Nigeria cannot afford to continue the cycle of plans without implementation. IRWG is our engine room for delivery.” The Industrial Revolution Work Group (IRWG) concluded its 2-day technical session in Lagos, with resounding optimism, strategic clarity, and renewed resolve to shift Nigeria’s industrial transformation from vision to verifiable action. Themed “From Activities to…
“Our business missions successfully showcased Nigeria as an attractive destination for investment, culminating in discussions that potential investment inflow exceeding several billion dollars.” After two years as National President of Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), and six months leading the Organised Private Sector of Nigeria (OPSN), Hon. Dele Kelvin…
PZ Cussons Plc and Wilmar International Limited have agreed definitive terms for Wilmar to purchase the 50 percent equity stake in PZ Wilmar Limited held by PZ Cussons Plc, for a cash consideration of $70 million.” A statement by the company , said that the transaction, which is subject to regulatory approvals, is expected to…
He is the Chairman of the NACCIMA AfCFTA (African Continental Free Trade Area)Committee and is very passionate about encouraging the active participation of Small and Medium Enterprises (SME’s) in AfCFTA.
The Corporate Affairs Commission (CAc) on Tuesday, announces an increments for its service fees effective the 1st day of August 2025. In a statement , the Commission said that the new fees are a reflection of the current economic conditions and rising operational expenses. The full list of the reviewed fees is accessible on the…
