Regulators
Trade Barriers Stunt Nigeria-Morocco Bilateral Trade 1.88%
The Speaker of the House of Representatives, Abbas Tajudeen, has expressed a commitment to collaborate with the Federal Ministry of Industry, Trade and Investment, the Federal Ministry of Foreign Affairs, and various relevant institutions and corporate entities to address and eliminate trade barriers between Nigeria and Morocco. During a recent stakeholders’ meeting focused on Nigeria-Morocco…
Quality Products Would Reduce Nigeria’s Exports Rejection – SGF Akume
The Federal Government of Nigeria has called on the organized private sector to consistently demand quality products and services from the public sector in order to foster a culture of quality across the country. Senator George Akume, Secretary to the Government of the Federation, highlighted the importance of quality during a workshop on the Sustainable…
FIRS: The New Powerhouse Fueling Nigeria’s Fiscal Sustainability
By Dare Adekanmbi LONG before Nigeria claimed its independence in 1960, agriculture was the heartbeat of its economy. The stories of the First Republic highlight how various regions flourished— from the North’s bustling groundnut pyramids to the fertile cocoa farms in the West, and the East’s thriving rubber and palm oil production. Each region carved…
Nigeria in Talks with IFC to Establish Carbon Markets for Industrial Growth
The Ministry of Industry, Trade and Investment is in discussion with the International Finance Corporation (IFC) to establish carbon markets across the country. The aim is to guarantee economic and sustainable industrial growth. Dr Jumoke Oduwole, the Minister of the sector, disclosed this when she was featured in a ministerial briefing by the Ministry of Information…
“With the removal of trade barriers, insurance companies can develop and offer cross-border insurance products, including coverage for businesses operating in multiple African countries, which can enhance the attractiveness of Nigerian insurers to multinational clients. This will also bring about increased investment as it is likely to attract foreign direct investment.” – Commissioner for Insurance, Mr Olusegun Omosehin
Read More
FG Seeks Reconnection of 60% Manufacturers on National Grid to Fund $32.8bn Energy Security
The federal government is making frantic efforts to ensure the return of over 60 percent of manufacturing firms, which had exited the national grid. The Minister of Power, Chief Adebayo Adelabu, disclosed yesterday, during the release of a National Integrated Electricity Policy (NIEP) to drive the transformation of Nigeria’s power industry. At the event, Adelabu…
” Trade is a global thing but it is not all trade that is good. Some trades bring fake products into a country. However, the China Canton Fair does not promote fake products. Therefore, I am encouraging your participation (Nigerian private and public enterprises) in the 137th Canton Fair that will be held in China in April 2025.” – the Director of Economic Trade, Federal Ministry of Foreign Affairs, Ambassador Bolaji Akinremi.
Read More
We are not in a hurry to pass tax reform bills – Akpabio
The President of the Senate, Godswill Akpabio, has assured stakeholders in the business community and beyond that the Red Chamber would be thorough as it is not in a hurry to pass the tax reform bills. Akpabio gave the assurance during the public hearing on tax reform bills organised by the Senate Committee on Finance,…