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Nigeria

Despite AfCFTA, Nigeria’s intra-African trade down 12%
12-Jul-2023 The Niche
Nigeria’s intra-African trade value dipped 11.95 per cent year-on-year (YoY) from N956.93 billion in the first quarter of 2022 (Q1 2022) to N842.6 billion in Q1 2023, despite operation of the African Continental Free Trade Area (AfCFTA) since 2021.
Lekki deep sea port promotes AFCFTA gains, but local communities seek environmental protection
12-Jul-2023 Premium Times
The Lekki Deep Sea Port seeks to position Nigeria for the big gains of the African Continental Free Trade Area (AFCFTA), competitive transhipment, and status upgrade, but local communities want a share of this prosperity and protection.
Nigeria’s intra-African trade dips 12% to ₦842.6bn in Q1’ 2023 – NBS
3-Jul-2023 TV360 Nigeria
Nigeria’s intra-African trade has continued to underperform expectations despite the commencement of the African Continental Free Trade Area (AfCFTA) as the trade value fell Year-on-Year (YoY) to N842.6 billion in the first quarter of 2023 (Q1’23) 11.95 percent down from N956.93 billion in Q1’22.
Nigeria to review bilateral treaty with Netherlands to improve economic ties
11-Jun-2023 Nigerian Tribune
The Nigerian government and the Kingdom of Netherlands have engaged in an Economic Consultation to improve the existing bilateral investment treaty between both countries to strengthen economic interests and opportunities.
Why Nigeria may not leverage AfCFTA to revamp ailing economy
30-Mar-2023 The Nation
On the strength of Nigeria’s estimated 200 million population and huge market, she was tipped as the biggest potential beneficiary of the African Continental Free Trade Area (AfCFTA) Agreement. However, two years after trading commenced on January 1, 2021, Nigeria is yet to begin practical implementation of the trade pact.
AfCFTA: rising energy cost, forex crisis threaten local manufacturing
11-Jan-2023 Punch
SAMI OLATUNJI examines how local challenges could stop Nigeria from reaping the benefits of the African Continental Free Trade Area.
AfCFTA targets $12bn trade in 4 years –Experts
22-Dec-2022 The Sun
Stakeholders have said the African Continental Free Trade Area Agreement (AfCFTA) has the potential to grow trade value in Nigeria to the tune of $12 billion by 2027.
Nigeria moves to become gateway to AfCFTA, signs MoU with Vietnam
8-Dec-2022 Nairametrics
The Nigerian government, in a bid to boost trade with South East Asia and maximize the African Continental Free Trade Area (AfCFTA) agreement, has announced plans to make $336 billion exporter Vietnam use Nigeria as a gateway into the African market.
Standardisation key to reaping AfCFTA benefits, says F.G
30-Nov-2022 This Day
The Minister of State for Industry, Trade and Investment, Mrs. Maryam Katagum, has said that the role of the Standards Organisation of Nigeria (SON) remained critical in helping the country’s manufacturing sector to fully benefit from the African Continental Free Trade Agreement (AfCFTA).
Nigeria set to adopt Phase II Protocols of AfCFTA
29-Nov-2022 Nairametrics
The federal government has said it is set to adopt the Phase II Protocols of the African Continental Free Trade Area ( AfCFTA) later this week.
Nigeria not ready for AfCFTA trade implementation
22-Nov-2022 Nigerian Tribune
Chief Executive Officer of Ocean & Cargo, Aare Jide Taiwo, has said Nigeria is not ready for AfCFTA implementation. He was speaking on issues bedeviling the country’s maritime industry, in an interview with TOLA ADENUBI of Nigerian Tribune.
African countries desire Nigeria to be dumping ground for their goods – Perm. Sec
9-Nov-2022 National Accord
The Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Evelyn Ngige, has stated that all African countries signatory to the Continental Free Trade Area (AfCFTA) desire to make Nigeria a dumping ground for their goods.
CSOs warn Nigeria against acceding to the Energy Charter Treaty
21-Oct-2022 Extractive360
Signing the ECT would give the transnational companies in the energy sector a weapon to re-colonise Nigeria, as it would also be incompatible with Nigeria’s economic diversification aspirations.
ISDS in Nigeria: Investment regime reforms and the threats of joining the ECT
3-Oct-2022 TNI
This report sheds light on Nigeria’s investment protection regime and its consequences for one of Africa’s biggest countries.
Nigeria to commence AfCFTA participation in Q4 – Committee
29-Sep-2022 The Punch
It will be recalled that the AfCFTA agreement has been tipped to create the largest free trade area in the world measured by the number of countries participating.
Nigeria unprepared for African free trade –Experts
26-Aug-2022 Punch
Three years after signing the African Continental Free Trade Area, Nigeria appears unprepared to compete in the trade regime...
Supply chain analysis of AfCFTA
25-Aug-2022 Punch
An African supply chain that makes it difficult to move goods by water from Cameroon to Nigeria but easy to move goods from Cameroon to China and other countries is a threat to the regional integration plan.
AfCFTA: Inconclusive rules of origin, trade in services delay commencement –NAC
23-Jul-2022 Sun News Online
The NAC scribe said it has been acknowledged that the gains from AfCFTA will only materialise through comprehensive and sustainable implementation focused on outcomes,...
Nigeria eyes global energy charter for investments
7-Jul-2022 Daily Trust
Nigeria is targeting to be part of the International Energy Charter (IEC), a global community that will enable it to attract Foreign Direct Investments (FDI) to accelerate power sector development.
AfCFTA suffers setback as Benin Republic slams CFA9m on Nigeria-bound transit cargoes
28-Jun-2022 Leadership
The agreement was brokered by the African Union (AU) and was signed by 44 of its 55 member states in Kigali, Rwanda on March 21, 2018. The only country still not to sign the agreement is Eritrea, which has a largely closed economy.