Trade Archives — Page 3 of 10 — City Business News

October 12, 2020 No Responses

South Korea, Belgium Pledge Support For Nigeria’s Maritime Security, Trade

South Korea and Belgium have pledged more support for the Nigerian Maritime Administration and Safety Agency (NIMASA) in its drive to enhance trade and security in the Nigerian maritime domain. The new Consul-General of the Korean Embassy, Kang Haenggu,...

July 2, 2020 No Responses

ICC Elects First Black Female Global Board Executive

Information technology guru and founder of West Blue Consulting, Ms. Valentina Mintah has been elected to the Executive Board of the International Chamber of Commerce (ICC), at the recently held virtual 2020 World Council Meeting of the organization. Ms. Minta...

April 9, 2020 No Responses

World Trade To Decline By 32% In 2020

The decline in world trade due to Covid-19 will likely exceed the trade slump brought by the global financial crisis of 2008 09, the World Trade Organization (WTO) said on Wednesday, with merchandise trade expected to decline 13-32% in 2020...

October 22, 2019 No Responses

U.S-Nigeria Trade Council Faults $3b Power Sector Loan

The U.S.-Nigeria Trade Council has advised the Federal Government to stop taking fresh loans, pointing out that the country “can’t afford it any longer”. Reacting to the proposed $3billion power sector loan from the World Bank, the council explaine...

October 5, 2019 No Responses

Commonwealth Ministers Target $2tri Trade By 2030

Trade ministers and senior officials from 53 Commonwealth countries will gather in London on October 10, 2019 to explore modalities on how to achieve $2trillion trade by 2030. The Minister are also expected to put strategies in place for deepening....

January 26, 2019 No Responses

Agenda For Intra-African Trade Gains Momentum At Davos

A new African free trade area could be just weeks away as the last few countries ratify an agreement signed last year. The plan to boost intra-African trade by half is gaining much attention in Davos this year. When you...

December 12, 2018 No Responses

Obasanjo Tasks African Leaders On $27b Free Trade Agreement

Citing benefits of uninhibited trading among African countries, former President, Olusegun Obasanjo has advised African leaders to sign the African Continental Free Trade Agreement (ACFTA). The initiative promises $27billion investments. Spea...

November 7, 2018 No Responses

Toyota Declares $5.09b Profit, 2.68m Sales In Second Quarter

Toyota Motor Corporation’s operating profit increased by 11 percent in the latest quarter as the automaker tapped growing demand for light trucks. Operating profit rose to 579.1 billion yen ($5.09 billion) in the automaker’s fiscal second quarter...

November 6, 2018 No Responses

Naira Appreciates Against Dollar

The Naira on Monday gained 10 kobo to exchange at N363.64 to the dollar at the investors’ window, stronger than N363.74 posted on Friday. Market turnover at the investors’ window stood at 231.24 million dollars, higher than 226.35 million dollars...

September 28, 2018 No Responses

Ghana Explains Closure Of Nigerian-Shops

President Muhammadu Buhari and President Nana Akufo-Addo of Ghana Thursday met in New York, on the sidelines of the ongoing United Nations General Assembly, during which the Nigerian leader expressed delight that the attacks against Nigerian traders in Ghana w...

September 25, 2018 No Responses

Traders Lament Harassment, Closure Of 400 Nigerian-Shops In Ghana

The National Association of Nigerian Traders (NANTS) have petitioned President Muhammadu Buhari and the Economic Community of West African States (ECOWAS) over the alleged consistent and repeated threats, intimidation and harassment as well as the closure of o...

July 31, 2018 No Responses

Naira Weakens Against Dollar At Parallel Market

The Naira on Monday weakened marginally against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency exchanged at N358.3, weaker than N358 traded on Friday, while the Pound Sterling and the Euro closed...

July 19, 2018 No Responses

GTBank, Okomu Oil, FBN Holdings, Oando, Others Sustain Sliding Profile

More firms on the floor of Nigeria Stock Exchange (NSE) sustained sliding profile on Wednesday as Bears maintained dominance for the third consecutive trading days. At the end of the day’s trading, the All-Share Index lost 215.52 points or 0.58...

July 18, 2018 No Responses

Djibouti Insists On Free Trade Zone

Djibouti Ports and Free Zones Authority (DFPZA) stood up against DP World’s claims that the opening of the Chinese-built Djibouti International Free Trade Zone (DIFTZ) was against the port operator’s exclusive contractual rights. The duo has embroiled in...