The Afreximbank’s Africa Trade Report 2024, titled ‘Climate Implications of the AfCFTA Implementation,’ ranked Nigeria as the top fourth contributor to intra-Africa trade, following South Africa, Cote d’Ivoire and Egypt for 2023. In the report, Nigeria’s intra-Africa trade decreased in 2023 by 2.1 percent to $8 billion from $8.2 billion in the previous year. “This…
The Nigerian Economic Summit Group (NESG), yesterday, commenced the preparations for the 30th edition of it’s annual summit. The Vice Chairman of NESG and Chairman of the NES#30 Anniversary Committee, Mr Omoboyede Olusanya, said that the inauguration of the NES#30 Joint Planning Committee marked the official commencement of preparations for the 30th Nigerian Economic Summit….
Founder and Executive Vice Chairman, SecureID, Kofo Akinkugbe noted that the company currently produces over 60 percent of locally issued payment cards in Nigeria, reflecting the scale, reliability and reach of its operations.
▪︎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,…
▪︎Image of a CNG car / GoCNG Could the government’s push for the adoption of vehicles driven by Compressed Natural Gas(CNG) be the driving force behind the frequent hikes in the pump prices of petrol in Nigeria, in recent months? The latest increase announced (Tuesday, October 29) by the Nigerian National Petroleum Company Limited (NNPCL) raised…
“Our target really is to get the larger part of the society to buy. Because it is a very good… I think it’s better you buy… you are looking at this now, people don’t know we are going to have 10 percent of the entire America’s production in terms of refining,” the billionaire said.
Nigeria requires an estimated 100,000 megawatts of electricity to effectively power its economy but currently generates only about 4,000 to 5,000 megawatts.
Mr Vowles brings extensive diplomatic and development experience to the role, having served as His Majesty’s Ambassador to Zimbabwe from 2023 to 2026 and previously as Ambassador to Myanmar from 2021 to 2022.
Global trade expanded by an estimated $300 billion in the first half of 2025, growing at an estimated 1.5% in the first quarter and projections showing 2% growth in the second. UN Trade and Development (UNCTAD) disclosed this in its just released Global Trade Update (July 2025). Said the report: Price increases contributed to the…
” The $600 million Iron Ore Mining & Processing Facility owned by the African Natural Resources and Mines Limited (ANRML) in Kaduna state, is a significant stride in Nigeria’s mining sector.” This statement was made by Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite. “Alake Dele and I inspected the $600m ANRML investment in…
