TRADE

  Lack of capacity for mass production is a major obstacle to Nigeria’s full utilisation of the African Growth and Opportunity Act (AGOA) initiative, a government official has said. Mr Babatunde Faleke, the South West Coordinator of Nigerian Export Promotion Council (NEPC), Said this in an interview with newsmen in...

The United Nations Economic Commission for Africa (ECA) on Monday released a report titled: ‘Next Steps for the African Continental Free Trade Area (AfCFTA )’. It is an assessment of the regional integration efforts in Africa. Excerpts: The historic signing of the AfCFTA Agreement on 21 March 2018 marked a...

  The Organised Private Sector (OPS) has lauded President Muhammadu Buhari for including Nigeria in the African Continental Free Trade Agreement (AfCFTA) at the just concluded Africa Union Summit on Sunday in Niamey. The sector’s chieftains told the News Agency of Nigeria (NAN) on Monday in Lagos that Nigeria has...

President Muhammadu Buhari has given reasons again why Nigeria will not be rushed into the African Continental Free Trade Area (AfCFTA) treaty. The AfCFTA treaty is one of the flagship initiatives of the African Union Agenda 2063, aimed at creating a single continental market for goods and services, with free...

    The 2019 continental trade report of the African Export-Import Bank (Afreximbank) has revealed that the value of Africa’s merchandise trade in 2018 stood at over $997.9 billion even as it was also noted that output grew by 3.4 per cent between 2017 and 2018 despite the slowdown in...

  The National Bureau of Statistics (NBS), said the country recorded trade volume of 8.24 trillion in first quarter, 2019. The NBS said this in “Foreign Trade in Goods Statistics’’ for first quarter, 2019 posted on its website. The bureau said the figure (N8.24 trillion) was 2.50 per cent higher...

  The Federal Executive Council (FEC) on Wednesday agreed to set up a committee to meet and review within two weeks the content of the proposal for the Continental Free Trade Agreement (CFTA) and report back to the Federal Executive Council. Mr. Femi Adesina, the Special Adviser to the President...

  The National Bureau of Statistics (NBS) has revealed that the total value of Nigeria’s trade increased from N6 trillion in the fourth quarter of 2017 to N7.21 trillion in the first quarter (Q1) of 2018, representing a growth of 19.7 per cent. The report placed on its website on...

  African trade ministers have deliberated on the protocols to the agreement establishing African free trade area (AfCFTA), and the modalities for tariff liberalisation. The 6th African Union Ministers of Trade (AMOT) meeting is holding in Dakar, Senegal. According to a press release issued Monday by South Africa’s Department of...

  The Federal Executive Council (FEC) on Wednesday agreed to set up a committee to meet and review within two weeks the content of the proposal for the Continental Free Trade Agreement (CFTA) and report back to the Council. The Special Adviser to the President on Media and Publicity, Mr....