As the Economic Community of West African States (ECOWAS) is still battling with teething problems of its age long pet project of single currency, the Africa Union (AU) may have seized the initiative to launch common monetary policy and single currency to accelerate economic integration of African countries. According to Ms Naglaa Nozahie, a Special […]
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The federal government recently reiterated its position on the African Continental Free Trade Area, ACFTA, saying that Nigeria is not against the pact. The Vice President, Prof. Yemi Osinbajo, who said this in a keynote at the 2018 Africa Trade Forum in Lagos, said although, Nigeria was yet to sign the agreement, the country was […]
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Nigeria and some African countries have expressed their readiness to address challenges of achieving a free trade zone in Africa. The Vice-President Yemi Osinbajo and some other stakeholders from different countries in Africa spoke at the Africa Trade Forum 2018, which was co-hosted by the United Nations Economic Commission for Africa, the Rockefeller Foundation, the […]
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ADDRESS BY HIS EXCELLENCY MUHAMMADU BUHARI, PRESIDENT, FEDERAL REPUBLIC OF NIGERIA, AT THE INAUGURATION OF THE COMMITTEE TO ASSESS IMPACT AND READINESS FOR THE AFRICA CONTINENTAL FREE TRADE AREA AGREEMENT (AFCFTA) MONDAY, 22 OCTOBER, 2018 Protocols: It is my pleasure to be here with you in this inauguration ceremony. Let me begin by saying that […]
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The Manufacturers Association of Nigeria (MAN), yesterday, dissociated the Organised Private Sector (OPS) from the call by the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) for the federal government to sign the African Continental Free Trade Agreement (AfCFTA). President of MAN, Dr Frank Jacobs, said at a news conference, that the […]
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The Minister of Finance, Mrs Kemi Adeosun, on Wednesday explained why President Muhammadu Buhari had not given assent to the African Continent Free Trade Agreement, which is expected to increase intra-African trade by 52.3 per cent from the current 19 per cent. The Federal Executive Council had on March 14 approved that Nigeria should sign […]
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Former President Olusegun Obasanjo has decried the failure of President Muhammadu Buhari to sign the Africa Continental Free Trade Area agreement, expressing hope that he will change his mind before it is too late. Obasanjo poured out his mind on the AfCFTA during a presidential panel, titled: ‘When Leaders Make History’ at the Africa CEO […]
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The President of African Export-Import Bank (Afreximbank), Dr. Benedict Oramah, has disclosed that about $25 billion will be disbursed by the regional bank in support of intra-African trade during the five years ending in 2021 under an Intra-African Trade Strategy it launched in 2016 in anticipation of the African Continental Free Trade Area (AfCFTA). But […]
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