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EUROPEAN UNION
The new system will treat European Union and non-European Union citizens equally.
African Finance ministers had asked for debt relief from multilateral Institutions amid the coronavirus crisis.
The dollar traded at $1.1234 per euro on Thursday, yen also increased to 106.79 against the dollar, while Sterling went down to $1.2533
In order to help Nigeria fight the coronavirus pandemic, the European Union (EU) is supporting the country with €50 million.
Ministers of Finance from African countries have requested for debt relief from bilateral, multilateral and commercial partners to cushion the negative impact of the coronavirus.
The EU has appealed to member-countries to unblock their borders to allow freight vehicles carrying basic supplies and medical equipment.
An SBM Intelligence report has shown that it is more expensive to ship goods into Nigeria from the European Union through the country’s Apapa port.
President Muhammadu Buhari has called for a review of trade relations with the United Kingdom (UK) following the country's exit from the EU.
ABCON has urged the Nigerian government to be cautious of France’s involvement in the Eco currency matter.
The European Union (EU) has indicated interest in investing in Nigeria's auto sector.
In a move to promote sustainable fisheries and aquaculture, the FAO of the United Nations and the EU have signed a €40 million deal.
In order to help Nigeria combat her climate challenges, the EU has promised to support the country with not less than €150 million.