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Afreximbank launches company to promote large -scale intra African trade

Afreximbank launches company to promote large -scale intra African trade

…Secures $1bn funding African Export-Import Bank (Afreximbank) has launched the African Trade and Distribution Company (ATDC) to catalyse large-scale trade in raw materials, minerals and value-added products from across Africa. Afreximbank, through the Fund for Export Development in Africa (FEDA), established ATDC in collaboration with Arise Integrated Industrial Platforms (Arise IIP), Equitane DMCC and the African […]

Business start-ups in Nigeria on 3-year downward trend — Report 

Business start-ups in Nigeria on 3-year downward trend — Report 

•Dips to 24% in 2024 By Yinka Kolawole Creation of new businesses in Nigeria have been on a downward trend over the past three years, a new report has revealed. The 2024 State of Entrepreneurship (SoE) Report just released by Fate Foundation, a non-profit private-sector led organisation, shows that the business birth rate in Nigeria fell […]

Diamond-Rich Botswana appoints Nigerian, Farouk Gumel, as Chairman of Sovereign Wealth Fund

Diamond-Rich Botswana appoints Nigerian, Farouk Gumel, as Chairman of Sovereign Wealth Fund

The President of Botswana, His Excellency Advocate Duma Gideon Boko on Tuesday, 9th August 2025 announced the creation of a new Botswana Sovereign Wealth Fund Limited with a Nigerian, Mr. Farouk Gumel as inaugural Chairman of its Board of Directors. Mr Gumel is currently the Vice Chairman of Tropical General Investments (TGI) Group and immediate […]

ANSEC awards several strategic projects contracts

ANSEC awards several strategic projects contracts

No new project contract will be awarded for sake of election – Mefo The Anambra State Government has approved several contracts for key infrastructure projects aimed at improving the lives of its citizens. The approvals came at the Anambra State Executive Council (ANSEC) 19th meeting of 2025 held on September 15, 2025, at the Light […]

2027: PDP’s alleged shortlisting of Jonathan, Obi, Makinde raises dust

2027: PDP’s alleged shortlisting of Jonathan, Obi, Makinde raises dust

ALLEGED shortlisting of former President Goodluck Jonathan, 2023 Labour Party presidential candidate, Mr Peter Obi; and Oyo State governor, Seyi Makinde, for consideration for the Peoples Democratic Party, PDP, 2027 presidential ticket, yesterday, caused a stir in the party.

ANSEC awards several strategic projects contracts

ANSEC awards several strategic projects contracts

No new project contract will be awarded for sake of election – Mefo The Anambra State Government has approved several contracts for key infrastructure projects aimed at improving the lives of its citizens. The approvals came at the Anambra State Executive Council (ANSEC) 19th meeting of 2025 held on September 15, 2025, at the Light […]

$1trn economy: Nigeria requires 21.9% annual growth, N1, 500/$ — Afrinvest

$1trn economy: Nigeria requires 21.9% annual growth, N1, 500/$ — Afrinvest

By Providence Ayanfeoluwa Nigeria would require a minimum annual growth rate of 21.9 percent at an exchange rate of N1,500/$ or stronger exchange rate at a slower growth rate to attain $1 trillion economy valuation by 2031, Afrinvest West Africa Limited has predicted. Afrinvest projected this in in its 20th Nigeria Banking Sector Report 2025 entitled, […]

Alleged murder: Son of ex-SDP guber candidate demands probe

Alleged murder: Son of ex-SDP guber candidate demands probe

By Evelyn Usman The eldest son of the late former Social Democratic Party, SDP, governorship candidate in Ondo State, Otunba Bamidele Akingboye, Samuel, has demanded a thorough investigation into his father’s death, describing the circumstances as “shocking and inexplicable.” Samuel, who said he saw his father a day before his passing, explained that he opened […]

4% FOB levy to add N4trn annual freight costs-burden — Importers

4% FOB levy to add N4trn annual freight costs-burden — Importers

By Providence Ayanfeoluwa The Importers Association of Nigeria, IMAN has declared that the 4 percent free on-board, FOB levy is estimated to add N4 trillion annually to freight costs-burden that would be transferred directly to consumers. Speaking at its National Executive Committee meeting, National President/Board of Trustee Chairman, Chief Gilbert Obi, warned that the levy would […]

Stock market rebounds as investors rake in N986bn gain

Stock market rebounds as investors rake in N986bn gain

By Peter Egwuatu   The Nigerian stock market rebounded last week, as investors’ portfolio value increased by over N986 billion in the five trading days. A major performance indicator, Nigerian Exchange Limited, NGX All Share Index, ASI closed higher, Week on Week, WoW, in four of the five trading sessions, thereby ending a four-week losing streak.   The […]

The significance of Florence Eshalomi’s visit to Kokopelli

The significance of Florence Eshalomi’s visit to Kokopelli

By Osa Mbonu-Amadi, Arts Editor Recently, Florence Eshalomi, MP and the United Kingdom’s Trade Envoy to Nigeria, visited Kokopelli Art Gallery during her trip to Nigeria. As UK Trade Envoy to Nigeria, her role includes promoting trade and investment between the two countries, removing trade barriers, boosting exports, and attracting investments. Florence Eshalomi is also […]