Business
Ukraine, Nigeria Plan Stronger Economic Ties
The Ukrainian Deputy Minister of Economic Development and Trade, Mrs. Nataliia Mykolska will be leading a delegation of businessmen and investors to Nigeria to open up more areas of economic cooperation between the two countries.
Mr Adetokunbo Kayode, President of Abuja Chamber of Commerce and Industry said in a statement signed by Mr Gena Lubem, the Media and Protocol Officer of the chamber in Abuja.
Kayode said that the delegation would include the Deputy Minister for Agrarian Policy and Food of Ukraine, Mrs. Olga Trofimtseva, Vice President of the Chamber of Commerce and Industry of Ukraine,Mr. Sergii Svystil as well as representatives of several Ukrainian companies working in several fields.
“The major areas of interest that have formed the fulcrum of this business forum include: international trade, agrarian and food industry, automotive and aviation, engineering and Information and Communication Technology (ICT), chemical and pharmaceutical production.
“During the stay of the delegation in Abuja on 6th April, 2018, for the Nigeria-Ukraine trade and investment forum, several other high profile government functionaries across the appropriate Ministries of Agriculture and Rural Development, Foreign Affairs; Industry, Trade and Investment will participate in the Business-To-Business forum that will take place during the event.
“A Memorandum of Understanding (MOU) for cooperation between ACCI and its Ukrainian counterpart will also be signed in the course of the events,” he said.
According to him, the business forum will provide another opportunity to activate contacts between Nigerian and Ukrainian entrepreneurs who are to be brought together to work on ways of doing sustainable business among themselves.
He called on Nigerian businessmen and investors to use the avenue to trade among the two countries.
Kayode also enjoined them to make fruitful contacts among themselves and ensure that perspectives of bilateral economic, trade, investment cooperation between Ukraine and Nigeria are deepened.
It could be recalled that, the Ukrainian Embassy in Nigeria entered into a partnership with the chamber with a view to jointly embark on trade and other business related activities as well as deepen economic partnership between both countries. (NAN)
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.