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AfCFTA Vows To Support Nigerian Businesses: Export

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AfCFTA Vows To Support Nigerian Businesses: Export

AfCFTA vows to support Nigerian businesses. A representative of the office, Franca Achimugu, told journalists that the office was mandated to ensure businesses made the most out of AfCFTA.

The Nigeria African Continental Free Trade Area (AfCFTA) coordination office has pledged its commitment to supporting Nigerian businesses in exporting their products under its framework.

A representative of the office, Franca Achimugu, told journalists that the office was mandated to ensure businesses made the most out of AfCFTA.

“Nigeria (AfCFTA) coordination office, under the leadership of the national coordinator, Mr Olusegun Awolowo, is committed to supporting Nigerian businesses to export under the AfCFTA framework.

” This tool is one of several efforts by the coordination office in ensuring that businesses make the most out of the AfCFTA,” she said.
Ms Achimugu said the office had embarked on a three-fold project to ensure women and youths in Nigeria gained more visibility in the AfCFTA market.

“First is to undertake a study to identify 10 top traded products by women and youths. This is to provide a clear understanding of the most economically significant products and provide deep market insights to support market development.

“Secondly, to develop a step-by-step market access guide for these identified products and inaugurate a marketplace platform that will support market visibility and entry for women and youth traders in the targeted 10 products.

“This does not in any way imply that other products are not significant, but provides a foundation on which other priorities can be built,” she said.

Citing Nigeria’s strategy for the AfCFTA, Ms Achimugu said some interventions necessary for implementing the AfCFTA in Nigeria had been identified.

She listed them as product prioritisation, capacity development on competitive production, providing trade information, forming business linkages, and developing SEZs, among others.

According to her, the final validation of the market access guide and the marketplace platform for the women and youth are deliverables from a project.

She, however, reiterated the importance of collaboration among key stakeholders to ensure the implementation of AfCFTA in the country.

The coordinator for FABID Consulting, Abiodun Folarewo, who also spoke to journalists, highlighted new improvements to the Market Access Guide aimed at simplifying trade processes under the ACFTA.

Mr Folarewo said the process had been made more seamless, enabling business operators to easily access the e-commerce section.

Tankers

Tankers

 

According to him, the guide simplifies the registration process for importers and traders looking to conduct business under AfCFTA.

According to him, the Market Access Guide will be finalised in the coming weeks and deposited with the Nigeria AfCFTA coordination office, which will oversee its distribution.

The primary objective of the guide is to provide comprehensive information about AfCFTA and its benefits to women and youth traders.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

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