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In November 2022, the Federal Government of Nigeria, through the Nigeria Port Authority (NPA), licensed five new Export Processing Terminals (EPTs) across the country to begin the operation of handling and processing export cargoes. Establishing and licensing these export processing …
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The recent decision by the Central Bank of Kenya to join the Pan-African Payment and Settlement System (PAPSS) marks a significant milestone in the country’s pursuit of enhancing cross-border trade within the African continent. The membership …
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Africa boasts immense economic potential, yet this potential has long been constrained by trade and payment barriers. According to the African Development Bank (AfDB), nearly half of intra-African trade settlements rely on foreign banks and the US dollar, highlighting the …
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