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Nigeria


EU commits €1.1 billion to boost AfCFTA as Job creation, MSMEs take centre stage
The European Union (EU) has committed about €1.1 billion to help the African Union (AU) implement the African Continental Free Trade Area (AfCFTA), a key agreement aimed at boosting trade across Africa.
D-8 preferential trade agreement targets $500 billion in intra-trade by 2030
Amb. Isiaka Imam, Secretary-General, D-8, Organisation for Economic Cooperation, says the organisation is focusing on achieving a target of 500 billion dollars in intra-trade among member countries by 2030.
A new U.S.-Nigeria trade deal could unlock more investment for Nigerian startups
A new U.S.-Nigeria Memorandum of Understanding (MoU) may offer a lifeline to the country’s startup ecosystem amid a global funding slowdown. Signed in July 2024, the U.S.-Nigeria Commercial and Investment Partnership (CIP) aims to remove regulatory barriers, promote private investment, and open access to American venture capital, critical support for Nigeria’s tech sector.
Nigeria opens AfCFTA air corridor to Kenya, Uganda, South Africa, cutting export costs by up to 75%
Nigeria has officially launched an AfCFTA air corridor aimed at boosting exports to key African markets — Kenya, Uganda, and South Africa — while cutting logistics costs for Nigerian exporters by between 50% and 75%.
Nigeria signs on AfCFTA tariffs
Nigeria has gazetted its Provisional Schedule of Tariff Concessions (PSTCs) under the African Continental Free Trade Area (AfCFTA), marking a major milestone in the country’s commitment to regional integration and trade facilitation across Africa.
Taiwan urges Nigeria to sign trade agreement to boost bilateral ties
The Taiwanese government has appealed to Nigeria to sign the Investment Promotion and Protection Agreement, which has been discussed by the two countries.
Nigerian businesses yet to benefit from AGOA, says MAN
The Director General of the Manufacturers Association of Nigeria said Nigerian companies have not benefited much from the African Growth and Opportunity Act (AGOA) since it came into effect.
Nigeria’s first AfCFTA shipment arrives in Kenya
Nigeria’s first shipment under the African Continental Free Trade Area has arrived at Mombasa Port, Kenya.
Kwara garment to leverage African free trade agreement
Kwara Garment Factory in Nigeria plans are underway to leverage the African Continental Free Trade Agreement, and explore export opportunities across Africa.
Taiwan seeks bilateral agreement renewal with Nigeria
Taiwan is actively seeking closer ties and investment opportunities in Nigeria, but faces potential obstacles related to investment security and a lack of sustained high-level engagement from the Nigerian side.
Modi’s visit: Nigeria, India finalise pending agreements to facilitate trade, investments
Nigeria’s President Bola Tinubu and Indian Prime Minister, Narendra Modi, have directed their officials to finalise pending bilateral trade agreements between the two countries.
British Virgin Islands court grants Chinese firm right to seize Nigerian $25m assets
The ruling marks the latest in a string of losses Nigeria has suffered in foreign jurisdictions over the past years.
Nigeria launches review of bilateral investment treaties
The state’s trade policies will be updated over the coming months by a nine-member committee.
Nigeria, Ethiopia, others endorse AfCFTA Digital Trade Protocol
The Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, reaffirmed Nigeria’s commitment to upholding the digital trade protocol to boost investment, export, and economic reforms.
Nigeria should audit her Bilateral Investment Treaties –Owonikoko
Why President Bola Tinubu should use diplomatic means to resolve the dispute, ANAYO EZUGWU brings the excerpts
How the treaty signed with China under OBJ got Nigeria’s jets seized, – ex-Presidential aide
Laolu Akande, former presidential aide, has shed light on the complexities and consequences of Nigeria’s bilateral investment treaty with China, which has led to significant legal challenges for the country.
‘Political instability threatens AfCFTA implementation’
Political Instability and policy inconsistencies, among others, constitute barriers that threaten the success of the African Continental Free Trade Area Trade in Services Protocol.
Investment treaties are undermining the global energy transition
Globally, 2 gigatonnes (Gt) of carbon dioxide equivalent (CO2e) of potential annual greenhouse gas emissions is protected via investment treaties.
Dangote, Flour Mills, Tolaram make first AfCFTA exports
Dangote Group, Flour Mills of Nigeria and Tolaram are among nine companies that made first exports under the African Continental Free Trade Area.
Nigeria set to begin preferential trade under AfCFTA guided initiative
All is now set for the launch of preferential trade under the AfCFTA Guided Trade Initiative by President Bola Tinubu.