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Nigeria


Experts seek AfCFTA dispute resolution mechanism for non-state parties
Ahead of the African Continental Free Trade Agreement (AfCFTA) implementation in Nigeria, the Nigerian Institute of Chartered Arbitrators and other stakeholders are seeking dispute resolution mechanisms that will address concerns of non-state entities.
NACCIMA advocates domestication of AfCFTA
Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture has charged the federal government to domesticate the African Continental Free Trade Area so as to enable the country to benefit from the full implementation of the agreement.
The free trade vision and its fallacies: the case of the African Continental Free Trade Area
Some economists suggest that the liberalization of trade will result in an unequal distribution of losses and profit gains while economically dislocating a large number of workers in import-competing sectors.
Nigerian govt asked not to ascent to Energy Charter Treaty
Nigerian labour unions and civil society organizations have urged the government not to assent to the ECT, explaining that the Treaty contains provisions for an Investor-State Dispute System (ISDS), which accords investors obscene privileges.
Minister calls for establishment of more arbitration institutions
The Nigerian Minister of Industry, Trade and Investment, has called for the establishment and strengthening of more arbitration institutions in Africa in line with international standards.
Nigerian creative industry under the AfCFTA: Threats and opportunities
The Nigerian creative sector argues that the scalability of the industry within the AfCFTA will depend on the existence of a robust framework that supports IP rights and provides digital security.
AfCFTA: concern over dumping mounts as trade deficit widens
The fears that Nigeria might become a dumping ground for manufactured goods, especially with the advent of the AfCFTA, has heightened as Nigeria’s Trade in Goods Statistics show rising deficit in manufactured goods trade.
D-8 nations should sign PTAs
Nations of the D-8 should sign a much-needed preferential trade agreement to remove tariff and non-tariff barriers, ministers and entrepreneurs of the trade bloc said.
Shell files arbitration claim against Nigeria over spill dispute
ROYAL Dutch Shell Plc launched arbitration proceedings against the Nigerian government over a long-running community dispute.
UK-Africa trade: What will Brexit change?
UK has already inked post-Brexit trade deals with 13 African countries. These new agreements, which offer duty-free and quota-free access to British markets, aren’t much different to the old ones, as they are mainly transferring the conditions in the EU deals into bilateral agreements between the UK and the African nation, or blocs.
Nigeria: Dangote leveraging expansion under AfCFTA
Dangote Industries Limited has stated that its cement expansion plan and fertiliser investments will open new trade routes for the company and Nigeria under the trade deal.
‘No African nation yet to meet AfCFTA requirements’
The Chartered Institute of Arbitrators (CIArb) said no nation had met the requirements for the implementation of the African Continental Free Trade Agreement (AfCFTA), despite the political will to get the pact ratified in good time.
OPL245 scandal: Coalition urges World Bank group not to protect oil giants
The groups said they are concerned about the ICSID’s long-standing failure to promulgate clear rules for addressing cases where corruption has been alleged.
Nigeria ratifies membership of AfCFTA
The Nigerian government ratified the country’s membership of the African Continental Free Trade Area Agreement.
OPL 245: Nigeria must resist Eni’s legal bullying, says group
The Human and Environmental Development Agenda, Re:Common, Global Witness, and Corner House, have called on the Nigerian government to stand against Eni’s legal move over the oil processing license (OPL) 245.
Eni seeks World Bank arbitration in Nigeria oilfield dispute
Eni plans to argue that the country’s failure to allow it to exploit an oilfield it acquired with Royal Dutch Shell nearly a decade ago breaches their investment agreement.
AFCFTA: Rules of origin negotiations at concluding stages
Nigeria has negotiated and almost concluded the rules of origin to pave way for Nigeria’s ratification of the African Continental Free Trade Agreement (AfCFTA).
Nigeria seeks review of investment agreement with Canada
Nigeria’s High Commissioner to Canada has called for the review of the investment agreement between Nigeria and Canada.
Nigeria set to ratify AfCFTA agreement – Minister
Nigeria is currently in the process of ensuring the ratification of the African Continental Free Trade Area (AfCFTA) agreement, the minister of trade, Niyi Adebayo, said.
Nigeria begins reforms of international investment agreements
Nigeria is undertaking series of reforms of the country’s bilateral investment treaties to attract responsible, inclusive, balanced and sustainable investments.