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Cross-border payment offers African trade lifeline

The AfCFTA is poised to lift 30 million people from extreme poverty and another 68 million people from moderate poverty. ....

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Take advantage of AfCFTA to improve trade performance, stakeholders tell FG

Take advantage of AfCFTA to improve trade performance, stakeholders tell FG
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Intra-African trade barriers cost Nigeria and others $5 billion per year

According to Mike Ogbalu, Chief Executive Officer of Afreximbank's Pan African Payment and Settlement System (PAPSS), African businesses lose approximately ....

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Nigeria, others lose $5 billion yearly to intra-African trade bottlenecks

The Chief Executive Officer, Pan African Payment and Settlement System (PAPSS) Afreximbank, Mike Ogbalu, has stated that African businesses lose over $5 billion every year to charges, payments and other related costs to intra-African trade barriers. ....

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CASH CRISIS: Tough survival choices confront states — Experts

By Peter Egwuatu, Assistant Business Editor, Nkiru Nnorom, Tunde Oso & Nnamdi Ojiego
Following the financial crisis across the 36 states of the federation, economic experts have suggested measures to be taken for the sub-national governments to survive.
As of press time, many states of the federation appear cash-strapped following the fall in revenue accruable to the federation account.
This has resulted in the drop in the monthly allocation to states from the Federal Account Allocation Committee, FAAC.
According to the National Bureau of Statistics, NBS, the Internally Generated Revenue at state Level Q4 of 2020 including the Federal Capital Territory, FCT, decreased from N3.8 trillion in 2019 to N3.599 trillion in 2020. ....

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