AfCRA was launched in Mauritius on Wednesday, October 7, 2026 , to address gaps in how African risk is understood and priced by international rating agencies – S&P Global Ratings, Moody’s Ratings, and Fitch Ratings.
This means if NNPC’s landing cost is N1300, it will sell fuel to Nigerians, especially commercial vehicles, at the same price.
He pledged to represent Africa effectively in the coalition and ensure that the interests of the continent’s oil palm smallholders receive adequate attention.
Manufacturing currently contributes about 7.5 per cent of Nigeria’s GDP, compared with about 14 per cent in Egypt, 15 per cent in Morocco, 25 per cent in Vietnam, 19 per cent in Indonesia, and 20 per cent in Bangladesh.”
The former president said Dangote’s industrial expansion illustrated what could be achieved when Nigerian entrepreneurs were encouraged to invest in production rather than depend heavily on imports.
Commodity Price Chg % SoybeansUSd/Bu1304.46 13.04 -0.99% WheatUSd/Bu691.79 15.21 -2.15 Palm Oil MYR/T 4673.00 99.00 -2.07% CoffeeUSd/Lbs277.32 1.97 0.72% CottonUSd/Lbs82.802 0.508 -0.61% CocoaUSD/T5590.00 62.00 1.12% SugarUSd/Lbs18.61 0 -0.02%
He criticised Nigerian agencies responsible for trade facilitation, including the Federal Ministry of Industry, Trade and Investment, Nigerian Export Promotion Council, Ministry of Foreign Affairs and NACCIMA, for failing to provide adequate support to exporters facing such barriers.
African countries on the memberships list includes Algeria, Cameroon, Congo, Ethiopia, Kenya, Lesotho, Mozambique, Senegal, South Africa and Zambia. Nigeria was not among them.
Okojie said the pharmaceutical company established during the military administration of the late Samuel Ogbemudia was vandalised in 2020 during the #Endsars protest in the state.
MAN argued that the impact of the MPR cut could be weakened by the continued high CRR.
