Business
S’Africa, Nigeria’s Trade Nose Dives To N1.3trn

South African Ambassador to Nigeria, Mr Lulu Aaron-Mnguni, says trade volume between the two countries has dropped to about N1.3 trillion (55 billion Rand) in 2016.
The trade volume decreased by 11.29 per cent from N1.5 trillion (62 billion Rand) in 2015.
Aaron- Mnguni told newsmen in Abuja yesterday that bilateral relations between the two countries were excellent but could be improved upon.
The trade between the two countries increased steadily from N488 billion (20.6 billion Rand) in 2010 to N1.5 trillion (62 billion Rand) in 2015.
He said that the gradual movement was attributed to Nigeria’s demand for automotive parts, South Africa’s export cars, vehicles, structures and parts of structure, uncoated paper and paperboard.‘
“The volume of trade is 55 billion Rands; that is what I can say now. It is growing, of course there are challenges at this moment but it is growing and we want it to grow more.
“That is why we are working together in the field of diversification of the economy; we currently have South Africans that are working in some parts of Nigeria like in Jos and Kaduna.
“We are trying to make sure that we help in the field of mines and steel, of course we work together in the field of energy.
“We are learning from Nigeria in the field of oil and gas, we want to learn because in the future we will want to be experts in that area,” he said
The envoy said that the relationship between the two countries was encouraging, adding that there was nothing negative about Nigeria in South Africa.
Aaron- Mnguni said that the two countries needed to work together to leverage on their advantages in the continent.
According to him, there is need to address the issue of poverty in both countries so that desperation among the people which ends up in mistrust and suspicion can be removed.
“Nigerians are very good in business and this is the area we need to work together and that is what can help us, so that South Africa can learn more about doing business.
“It is through this working together that people can learn that they are one people. There are lots that we can do together for the sake of our people,” he said.
He, therefore, called on Nigeria to lend a helping hand in developing SMEs Sector of the South Africa.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
News5 days ago
FG Unveils AI Model For Local Languages
-
online games3 days ago
The Benefits of Family Digital Libraries
-
Oil & Energy5 days ago
Oil & Gas Growth: NCDMB Tasks African Nations On Unity
-
Politics5 days ago
Kwankwaso Agrees To Rejoin APC, Gives Terms, Conditions
-
Maritime5 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
News5 days ago
You’re My Steady Confidant, Tinubu Celebrates Wife At 65
-
City Crime5 days ago
ECN Commences 7MW Solar Power Project In AKTH
-
News5 days ago
Fubara Begins Afresh, Seeks Spiritual Support