Why locally made goods can’t compete with Imports, By Olumide Awoyemi

Walk into any policy discussion on Nigerian manufacturing, and you’ll hear the same refrain: local producers need protection from imports. Poultry farmers want tariffs on frozen chicken. Fish processors demand import restrictions. Local refineries want tariffs on imported fuel. Textile manufacturers plead for border controls. The pattern repeats across nearly every sector of the economy….

Read More

Afreximbank participates in BoI’s syndicated facility of up to EUR 2-billion

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) recently joined a consortium of financial institutions in London to sign a landmark syndicated term loan facility for Bank of Industry (BOI) Nigeria of up to EUR 2 billion. Afreximbank, acted as one of the Initial Mandated Lead Arrangers, Bookrunner and Facility Agent. The Bank disbursed its participation amount of…

Read More