The African Export-Import Bank (Afreximbank) launched its insurance management services subsidiary, AfrexInsure, with a commitment to provide a single-entry point for all specialty insurance needs to assist in optimally managing related risks for the trade and commerce sector in Africa.Established in 2021, AfrexInsure is set up to offer specialty insurance …
Read More »Nigeria ratifies WTO Fisheries Subsidies Agreement, deposits instruments with DG- Amb . Abdulhamid
Dr Ngozi Okonjo Iweala DG WTO receives the instrument of ratification for the WTO Fisheries Subsidies Agreement from Amb.Adamu Mohammed Abdulhamid Nigeria has ratified the World Trade Organisation (WTO) Fisheries Subsidies Agreement and deposited the instrument the Director General at the Secretariat. This was disclosed in a statement by Ambassador …
Read More »WTO:Amb.Adamu thanks members of Goods Council for reaching Consensus.
Nigeria’s Ambassador to World Trade Organization, Ambassador(Dr.)Adamu Mohammed has thanked members of Goods Council for their collaboration and flexibility in reaching consensus on the 2023 chairs of the subsidiary bodies of the council. Ambassador Adamu is the chair of the Goods Council. It will be recalled that World Trade Organization …
Read More »Ferrari does not need to buy other supercar makers, CEO says
Ferrari (RACE.MI) has no plans to purchase other sports car makers, the company’s Chief Executive Benedetto Vigna said on Monday. “I don’t think it makes sense for us to buy other supercar makers,” Vigna said during a conference organized by Bloomberg, replying to a question about possible M&A operations by …
Read More »UN appoints Akinwumi Adesina, others to banish malnutrition
UN Secretary-General Antonio Guterres has appointed Nigeria’s Akinwumi Adesina and 21 other leaders to spearhead the fight against malnutrition in all its forms as members of the Scaling Up Nutrition (SUN) Movement Lead Group. Mr Adesina, who is currently the President of the African Development Bank was appointed together with …
Read More »China pledges Increased Economic Cooperation with Nigeria
Chinese President XI Jinping has pledged increased economic cooperation with Nigeria, saying the country is important to Africa and the world. The Chinese president spoke through his Special Envoy, Peng Qinghua, Vice Chairperson, Standing Committee of National People’s Congress, People’s Republic of China who met with President Bola Tinubu at …
Read More »Nigeria commended for deepening understanding of WTO and Agricultural subsidy Agreement
The Federal Ministry of Industry Trade and Investment and the World Trade Organisation (WTO) have been commended for creating a platform for the public and private sector stakeholders to deepen their knowledge and understanding of the WTO and Agricultural subsidy Agreement. This formed part of the communique issued at the …
Read More »Buhari’s Administration: Trade Action Plan (TRAP) will drive growth and development – Amb.Dr Adamu AbdulHamid, Nigeria’s envoy to WTO
President Muhammadu Buhari’s administration has been commended for making trade a vital component of the nation’s economy. Ambassador Dr Adamu Abdul Hamid, Nigeria’s Ambassador to World Trade Organisation (WTO) gave this commendation during an exclusive interview with The Commerce Africa Magazine on the occasion of his reflections on his activities …
Read More »WTO chief pushes for reglobalized supply chains to cut down bottleneck risks
World Trade Organization Director-General Ngozi Okonjo-Iweala urged diversification in global supply chains, amid ongoing efforts to progress the body’s reform. “There is an overconcentration of manufacturing in certain sectors in certain countries,” she told CNBC’s Martin Soong on the sidelines of the latest weekend summit of G-7 (Group of Seven) …
Read More »Terrorism – Financing, illicit – Financial flows and Money Laundering: CAC on the offensive.
The Corporate Affairs Commission, (CAC) is poised to fight to a standstill terrorism-financing, money-laundering, ilicit-financial flows perpetuated through registered companies. This is in keeping with the renewed efforts to make the nation’s foremost Company registry, Corporate Affairs Commission, comparable with its peers globally CAC’s Registrar-General, Alhaji Garba Abubakar, said this …
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