Business

Nigeria to host 2025 Afreximbank Annual Meetings

“We have been chosen because we are qualified and ready,” Edun stated.

Published

1 year ago

February 12, 2025

OCHEFA

413 Views

Wale Edun, the Minister of Finance and Coordinating Miniter of the Economy, says that Nigeria has officially secured the hosting rights for the 2025 Afreximbank Annual Meetings (AAM2025) in Abuja.

“This development underscores Afreximbank’s confidence in President Bola Ahmed Tinubu’s administration and Nigeria’s pivotal role in advancing intra-African trade,” he said.

The agreement was formalized at the Ministry of Finance Headquarters in Abuja on Tuesday evening.

Wale Edun, signed on behalf of the Nigerian government while Benedict Oramah, Afreximbank President signed on behalf of the bank.

Edun emphasized that hosting AAM2025, which is the 32nd since the bank commenced operations, will serve as a critical platform to drive discussions on trade financing, economic growth, and investment opportunities across Africa.

He said the event is a testament to government’s commitment to strengthening Africa’s financial sector and positioning Nigeria as a hub for economic transformation.

“Nigeria is honoured to host the 2025 Afreximbank Annual Meetings, which will serve as a critical platform to drive discussions on trade financing, economic growth, and investment opportunities across Africa.

“We have been chosen because we are qualified and ready,” Edun stated.

Related Topics:afreximbank's annual meetings 2025 Featured

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Business

NPA initiate trucks movement code to ease traffic at Lagos ports

The initiative is designed to ensure that each truck is matched exclusively to its designated empty container, eliminate multiple allocations, improve traffic management and enhance operational efficiency within the port corridor.

Published

2 days ago

July 30, 2026

OCHEFA

39 Views

The Nigerian Ports Authority (NPA) has introduced a movement code to streamline the movement of empty containers into seaport terminals and reduce traffic congestion caused by container trucks along the Apapa and Tin Can Island port corridors.

The Guardian reported that under the new policy, the movement code will serve as a unique identifier generated by a holding bay for every empty container uploaded to the Electronic Call-Up (ETO) platform.

The code must correspond with the details captured on the ETO system before trucks are granted access to port terminals.

In a notice issued to stakeholders, the NPA said the movement code has become a mandatory requirement for completing the truck-container matching process.

Truck drivers are required to obtain the code from designated holding bays before proceeding to the ports.

According to the authority, the initiative is designed to ensure that each truck is matched exclusively to its designated empty container, eliminate multiple allocations, improve traffic management and enhance operational efficiency within the port corridor.

Business

Okonjo-Iweala lauds Cardoso for stabilising Nigeria’s monetary environment

Okonjo-Iweala, gave the commendation on Thursday at the 7th Africa Emerging Markets Forum held in Abuja, with the theme: “Building Resilience Amidst Geo-economic Uncertainties.”

Published

2 days ago

July 30, 2026

OCHEFA

49 Views

The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has commended the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, for stabilising Nigeria’s monetary environment.

Okonjo-Iweala, gave the commendation on Thursday at the 7th Africa Emerging Markets Forum held in Abuja, with the theme: “Building Resilience Amidst Geo-economic Uncertainties.”

Speaking at the forum, Okonjo-Iweala commended Cardoso on the work that he and his team have done on currency and monetary policy stabilisation.

However, she emphasised that Nigeria must sustain broader macroeconomic reforms.

“Nigerians have to feel the dividends of reform in the real economy,” she added.

The forum brought together policymakers, business leaders and development partners to discuss strategies for strengthening Africa’s resilience amid growing global economic uncertainty.

Business

Naira Exchange Rates Thursday, July 30 : Black Market, CBN, Commercial Bank

Sterling Bank publishes both a buy rate and a sell rate for USD, GBP, EUR, and ZAR. The buy rate is what Sterling Bank will pay you when you exchange foreign currency for Naira. The sell rate is what you will pay when buying foreign currency from Sterling Bank at its branches.