The Nigeria Customs Service on Tuesday said it was waiting for the National Action Committee (NAC) on the list of duties and charges waived for liberalized goods under the African Continental Free Trade Area (AfCFTA) Agreement. A statement from the Serice said: “Sequel to the ratification of AfCFTA by member …
Read More »AU Recognises Adesina, 10 Others for Supporting AfCFTA
Dr. Akinwumi Adesina, President of the African Development Bank have been honoured for his leadership in successful implementation of the African Continental Free Trade Area(AfCFTA). African Development Bank in a statement, said Adesina received award for strong leadership and support alongside 10 African heads of state and government. The AfCFTA, …
Read More »African Leaders Optimistic as Trade Begins Under AfCFTA
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. …
Read More »FG Tasks Banks to Explore AfCFTA to Capture FDI
The Minister of Finance, Budget and National Planning, Mrs Zainab Shamsuna Ahmed, has advised Nigerian banks and other financial institutions to explore Africa’s market expansion enabled by the AfCFTA to capture trade flows and investment through superior customer value proposition. Stressing the potentials of Nigeria’s market, Ahmed said: “With more …
Read More »AfCFTA: Nigeria Deposits Instrument With AU, 20 Countries Yet to Ratify
Nigeria has joined the list of countries to formally ratify the African Continental Free Trade Area (AfCFTA) agreement, 26 days to the commencement of trading, Francis Anatogu, Secretary of the National Action Committee on the AfCFTA said on Saturday. “The Federal Republic of Nigeria today 5th December 2020, submitted the …
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 »AfCFTA: Nigeria’s Aviation Sector Targets 5% Contribution to GDP by 2023
Stakeholders in the Nigerian transportation sector have identified efficient transportation system as a key element that would guarantee the competitiveness of the Nigerian private sector especially for trade in goods in the African Continental Free Trade Area (AfCFTA) market. This was the central discussion at the ongoing workshop on ‘Nigeria …
Read More »AfCFTA: Stakeholders Target African Digital Market by 2030
Stakeholders in Nigeria’s information and communications technology sector have expressed confidence that beyond achieving the African Continental Free Trade Area (AfCFTA) Agreement, Africa could succeed in having a single digital market by 2030 if all hands are on deck to build infrastructure that would position the Continent as the top …
Read More »Nigeria’s FEC Approves Ratification of AfCFTA Agreement
Barely two months to the operationalisation of the African Continental Free Trade Area (AfCFTA), the Nigeria’s Federal Executive Council on Wednesday approved the instruments of ratification of the Agreement. The Commerce Africa reports that ahead of the AfCFTA operationalisation scheduled for January, 2021, no fewer than thirty countries have deposited …
Read More »AfCFTA Goes Digital to Reduce Cost of Doing Business
Mr Wamkele Keabetswe Mene, Secretary-General, African Continental Free Trade Agreement (AfCFTA) said the AfCFTA would on December 5, 2020 launch a digital platform in South Africa to streamline all procedures that made business transactions expensive and enhance business linkages among the private sector. This had become necessary due to the …
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