February 17, 2020

West African cross border traders under the aegis of the West Africa Association for Cross Border Trade in Agro-Forestry Pastoral and Fisheries Products (WACTAF) have called on the Economic Community of West African States (ECOWAS), to intervene in the Nigerian Government prolonged border closure.
The Group, in a letter to the President, ECOWAS Commission, dated February 8th, 2020, which was obtained by The Guardian, said t...

February 5, 2020

Vodafone is to remove Huawei equipment from the sensitive, core parts of its mobile networks across Europe at a cost of €200m (£169m) over the next five years.

The group, which has 111 million customers across Europe, has taken the decision after the UK government’s move last week to limit the use of Huawei equipment in the country’s 5G network.

Nick Read, Vodafone’s chief executive, said the Huawei equipment replacement programme wou...

February 3, 2020

Nissan has reportedly drawn up contingency plans to pull out of manufacturing in mainland Europe in the event of a hard Brexit in favour of ramping up its production in the UK.

If a trade deal is struck between the UK and the EU that leads to tariffs on car exports, the Japanese carmaker would focus on selling more cars in Britain, the Financial Times reported, citing two people involved in the discussions.

Under the proposal drawn up...

January 15, 2020

Oil Palm Growers Association of Nigeria (OPGAN), has expressed concern over low quality of palm oil produced in the country, attributing it to lack of processing machines.

The National President, OPGAN, Igwe Uche, while speaking in Abuja, yesterday, said palm oil produced in Nigeria is not readily accepted in the international market due to its low quality.

Igwe said although they have met all necessary requirements needed by the Cent...

January 12, 2020

The Nigerian Communications Commission (NCC), plans to license three new spectrums to facilitate the roll-out 5G network.

Meanwhile, NCC and Telecom infracos have concluded plans to raise N265billion for broadband development in the country.

Out of the amount, N200billion would be raised by infracos, while NCC would bring in N65billion subject to approval by the Federal Executive Council (FEC).

Executive Vice Chairman of NCC, Prof Um...

November 27, 2019

President Muhammadu Buhari and the Prime Minister of the Netherlands, Mark Rutte have restated commitment towards improving bilateral ties between the two countries as well as improving direct investments.

Prime Minister Rutte, who was on a two-day working visit to Nigeria is leading a trade delegation of eight Chief Executive Officers (CEOs) of Dutch multinationals currently operating in Nigeria with huge investment portfolios in th...

November 27, 2019

The Economic Community of West African States (ECOWAS), Common Market for Eastern and Southern Africa (COMESA), and East African Community (EAC), have concluded plans to connect about 50 million African women in business in the continent.

The initiative is a digital platform specifically designed to address the information needs of women in doing business, and connecting them via a custom-built social networking tool launched in Kiga...

November 13, 2019

With new gas discoveries within Nigeria and other African countries, the United States has stated that the Africa is projected to be the prime market for the surplus of gas that the U.S. shale is driving.
According to the U.S. Assistant Secretary for Fossil Energy, Steven Winberg, during the just-concluded Africa Oil Week, African countries have the potential to increase gas supply to the world.
The strategy, to him,...

June 21, 2019

South African mobile phone operator Vodacom Group Limited Friday said it was closing its business-managed services in Nigeria.

The company has also closed shops in Angola, Ghana, Zambia and Ivory Coast.

“In each of the five Vodacom Business Africa markets, the respective partners will acquire all of the operations and assets held by Vodacom,” the company said in a statement.

Vodacom said it has sold its businesses in Nigeria, Zambia a...

June 3, 2019

Foundation for Partnership Initiatives in the Niger Delta (PIND) has fashioned a five-year plan to revitalise cocoa productivity by rejuvenating existing plantations in the country so as to increase foreign exchange earnings.

The Executive Director, Dr. Dara Akala, at the cocoa stakeholders' meeting in Akure last week, saying efforts to set directions in the subsector were on, expressing optimism that it would reduce poverty in the N...

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