The Honourable Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, in this interview with The Commerce Africa’s Managing Editor, Yusuf Issa An-Nuphawi, revealed how the Ministry sustained the production and delivery of essential commodities across the country during the economic lockdown occasioned by the COVID-19 pandemic. Excerpt:                                      …

African leaders have expressed hope for economic prosperity under the African Continental Free Trade Area (AfCFTA) as trades started among 34 member countries which had ratified the agreement. The single African market was declared operationalised on Januray 1, 2021 following the approval by the African Union at a virtual meeting. …

A Former Vice-President of Nigeria, Atiku Abubakar, Monday announced his move to divest his shares in Integrated Logistics Services Limited (Intels), blaming President Muhammadu Buhari administration as “preoccupied with destroying” it since 2015. A statement issued by Abubakar’s spokesperson Paul Ibe, accused Buhari-led government of going after the business, adding: …

Brent crude soared 2.3% to $53.00 a barrel on Monday at around 07:00 AM GMT, amid hopes that OPEC+ may cap output at current levels in February at a meeting later in the day as the COVID-19 pandemic continues to cast a shadow over oil demand. OPEC+ was forced to …

The Minister of Communications and Digital Economy, Ali Pantami, has directed the immediate suspension of officials involved in extortion of applicants at the NIMC Bauchi and Kaduna State offices. This directive came on the heels of public outcry that some personnel of NIMC, particularly at some enrolment centres in Bauchi …

President Donald Trump pressured the Georgia secretary of state in an extraordinary phone conversation Saturday to “find” enough votes to overturn Joe Biden’s victory in the Southern state, news media reported Sunday. The secretly taped conversation with fellow Republican Brad Raffensperger, first reported by the Washington Post, includes threats that …

The Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami has approved the development and release of an improved National Identity Number (NIN) slip and a Mobile App. This is part of the Federal Government’s policy to improve the process of obtaining NIN and linking it to SIM, …

President Muhammadu Buhari Thursday in Abuja issued stern warning to agencies of government saddled with generating revenue generation to work hard to meet their targets. The President issued the warning after he signed the Thirteen-Point- Five- Eight-Eight trillion Naira (N13.588 trillion) 2021 Appropriation Bill and the 2020 Finance Bill into …

Nigerian Stock Exchange has been ranked the world’s best-performing stock market year-to-date. The equities benchmark index in Africa’s largest economy recorded its highest return, rising 45.7 per cent this year, the most among 93 equity indexes tracked by Bloomberg. According to Bloomberg News, investors’ appetite for riskier assets have remained strong …

Brent crude held above $51 a barrel on Wednesday at around 06:45 AM GMT after API data showed stocks of crude oil in the US declined by 4.8 million barrels in the week ended December 25th, marking the first fall in inventories since the week ended November 6th. Meantime, US …