By Florence Onuegbu The Lagos State Government has sealed $1.35 billion investment deal with the African Export-Import Bank (Afreximbank) and Access Bank to boost infrastructure in the state. Speaking at the second AfriCaribbean Trade and Investment Forum (ACTIF) in GeorgeTown, Guyana, Gov. Babajide Sanwo-Olu of Lagos State, saidContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) says it has no be plans to redenominate Nigeria’s legal tender, the Naira. CBN’s Director, Corporate Communications Department, Isa AbdulMumim, made this known in a statement on Tuesday in Abuja. The News Agency of Nigeria (NAN) reports that there had beenContinue Reading
By Lucy Ogalue The Abuja Chamber of Commerce and Industry (ACCI), Invest In the U. S. A. (IIUSA) and BRAVE ICONS Global are collaborating to provide avenues for Nigerian investors to obtain U. S. citizenship. Mr Fife Banks, the Managing Partner, BRAVE ICONS Global, said this in a statement inContinue Reading
By Lucy Ogalue The National Association of Small and Medium Enterprises (NASME) and the United Nations Industrial Development Organisation (UNIDO) ITPO in Nigeria, have collaborated to boost small businesses in West Africa. The organisations said this in a communiqué issued at the end of the 2023 West Africa Small andContinue Reading
Gov. Babajide Sanwo-Olu of Lagos State says opportunities abound in the Africa-Caribbean relationship being fostered through the African Export Import Bank ( Afreximbank) AfriCaribbean Trade and Investment Forum (ACTIF). Sanwo-Olu spoke to the media on the sideline of the 2nd AfriCaribbean Trade and Investment Forum (ACTIF2023), being hostedContinue Reading
By Salisu Sani-Idris The Solid Minerals Development Fund (SMDF) and GeoScan GmbH of Berlin, Germany, have signed a Memorandum of Understanding (MoU) on solid mineral development. Mr Dele Alake, the Minister of Solid Minerals Development, made this known at a news conference after the Federal Executive Council (FEC) meeting,Continue Reading
By Chiazo Ogbolu The Federal Government has adopted the International Maritime Organisation (IMO) guidelines to prevent the menace caused by ship biofouling in waterways. Dr Bashir Jamoh, the Director-General, the Nigerian Maritime Administration and Safety Agency (NIMASA), said this at NIMASA and the Maritime Technology Cooperation Centres (MTCC) AfricaContinue Reading
By Salisu Sani-Idris African Development Bank (AfDB), Islamic Development Bank (IsDB) and the International Fund for Agricultural Development have voted $1billion to deliver Special Agro-industrial Processing Zones (SAPZs) across 24 states in Nigeria. This is in addition to an initial $520 million voted by the development partners for the developmentContinue Reading
By Chiazo Ogbolu Maritime stakeholders have highlighted political will, legal framework and basic technological skills as core issues that must be addressed for Nigeria to embrace the Maritime Single Window (MSW) system. They added that the MSW regime would make the country’s ports more efficient and competitive. They saidContinue Reading
By Lucy Ogalue The African Development Bank(AfDB) says its portfolio in Nigeria is one of the largest among the Regional Member Countries (RMCs), with a total commitment value of 4.4 billion dollars. Mr Lamin Barrow, Director-General, Nigeria Country Department of AfDB said this during the Joint Country PortfolioContinue Reading
