Trade & Investment

Ghana’s Inflation Rises to 10.4% in December 2020

Ghana’s year-on-year inflation rate rose to 10.4 per cent in December compared to 9.8 per cent the previous month, the Ghana Statistical Service said on Wednesday. The rate is 0.6 percentage point higher than the rate for November, 2020. The month-on-month inflation between November and December 2020 was 0.9 per …

Read More »

FG Directs Reversal of Electricity Tariff Adjustment

The Minister of Power, Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies(DISCOs) to revert to tariffs that were applicable in Dec. 2020. Aaron Artimas, Senior Special Adviser, Media and Communications to the Minister of Power, made this known in a statement in …

Read More »

Buhari Promises to Curb Food Inflation in 2021

President Muhammadu Buhari said about seven states are producing all the rice Nigerians need for consumption, promising that his administration will keep a keen eye on food inflation in the New Year. Buhari, who has given a strong directive to the Central Bank of Nigeria, CBN, not to give any …

Read More »

Nigeria Opens Seme, Illela, Maigatari, Mfun Land Borders

President Muhammadu Buhari, on Wednesday, ordered the immediate reopening of four land borders. The Presidency made this known in a tweet today. “President Buhari has directed the immediate opening of four land borders: Seme, Illela, Maigatari, and Mfun,” @NGRPresident tweeted. Nigeria had in August 2019 closed its land borders to …

Read More »

South Africa’s GDP Growth Hits 13.5% in Q3, 2020

While the South African economic data announced an unexpected growth of the gross domestic product during the third quarter of 2020, the main stock market index of the local financial market experienced its first decline in 6 sessions, we noted. The FTSE South Africa, which includes all companies listed on …

Read More »

Adebayo, Malami To Appear Before Reps Over AfCFTA

The House of Representatives has resolved to invite the Ministers of Justice, Abubakar Malami, Foreign Affairs, Geoffrey Onyeama as well as Industry, Trade and Investment, Otunba Adeniyi Adebayo to brief the House on the implications of the agreement establishing the African Continental Free Trade Area (AFCFTA). This was sequel to a …

Read More »