Intra-African trade fair records $32.6bn in concluded deals

Deals valued at $32.6 billion were recorded at the inaugural Intra-African trade fair (IATF) which ended in Cairo Monday evening, according to preliminary figures released by the African Export-Import Bank (Afreximbank), organisers of the fair. Afreximbank organised the trade fair, in collaboration with the African Union, and hosted by the government of Egypt. The pan-African […]

State-owned enterprises fail to remit N2.74trn operating surpluses as Nigeria moves to avert revenue crisis

Government-owned enterprises (GOEs) have failed to remit no less than N2.74 trillion operating surpluses to government coffers as the federal government moves curb revenue diversion by key government agencies. The government on Tuesday announced very strict measures to significantly improved remittances by revenue-generating and collecting agencies in order to strengthen the Federal Government’s finances and […]

Danger ahead! Nigeria may face recession again in 2019

Unable to borrow to fund projects   Some economic analysts appear to be seeing danger ahead for Nigeria in the coming year. It is a double whammy for a country marching towards a general election the back on which concerns are already forcing many domestic and foreign investors to pull funds out and taking them […]